BIT: Good In Theory, But This Bond CEF Disappoints In Practice [Seeking Alpha]
BlackRock Multi-Sector Income Trust Common Shares of Beneficial Interest (BIT)
US:NYSE Investor Relations:
blackrock.com/investing/products/249839/blackrock-multisector-income-trust-fund
Company Research
Source: Seeking Alpha
Power Hedge Investing Group Leader Follow Play 28min Summary The BlackRock Multi-Sector Income Trust offers a 9.80% yield but faces sustainability concerns due to recent distribution coverage issues. The fund's flexibility to invest in foreign bonds and currencies provides some inflation protection, but its current U.S.-centric portfolio limits this advantage. The fund is more diversified across sectors than some of BlackRock's other debt fund offerings, but it is not as good for investors looking for foreign exposure. High leverage at 34.94% boosts returns but also increases risk, and the fund's recent capital raise indicates potential financial instability. Trading at a 2.37% premium, the fund appears expensive given its inability to cover distributions, making it a less attractive investment option. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » Yuji Sak
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Sec Filings
- 10/30/24 - Form 4
- 9/5/24 - Form N-CSRS
- 8/27/24 - Form N-PX
- BIT's page on the SEC website