BIT

BlackRock Multi-Sector Income Trust is a closed-end management investment company that seeks high current income by investing in a diversified portfolio across multiple fixed income sectors. Managed by BlackRock Advisors, LLC, the fund employs a flexible, multi-sector approach, allocating capital across various debt markets including high-yield corporate bonds, investment-grade corporate bonds, bank loans, mortgage-backed securities, asset-backed securities, emerging markets debt, and other fixed income instruments. This flexibility enables the fund to opportunistically shift allocations toward sectors offering the most attractive risk-adjusted returns. The fund's investment team actively manages sector weights, credit quality, duration, and geographic exposure based on macroeconomic outlook, credit market conditions, interest rate expectations, and relative value analysis. The multi-sector approach provides diversification across different sources of fixed income risk and return, potentially reducing volatility compared to single-sector strategies while maintaining attractive income levels. The fund can invest across the credit spectrum from investment-grade to high-yield securities, and across geographies including U.S. and non-U.S. debt markets. As a closed-end fund, BlackRock Multi-Sector Income Trust issues a fixed number of shares that trade on exchanges, often at premiums or discounts to net asset value (NAV). The fund employs leverage through borrowings, reverse repurchase agreements, or other instruments to enhance returns and income generation, though leverage increases risk and volatility. The trust provides monthly distributions to shareholders, sourced from interest income, capital gains, and potentially return of capital. The fund serves income-focused investors seeking diversified fixed income exposure with professional management and tactical allocation capabilities. Performance depends on credit spreads, interest rate movements, default rates, and relative performance across different fixed income sectors.