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BIT · BlackRock Multi-Sector Income Trust

Know the company

Company overview

BlackRock Multi-Sector Income Trust searches across fixed-income markets rather than relying on one class of bonds. The blend creates several sources of interest income and several kinds of credit risk.

Business
Multi-sector credit CEF
Listing
BIT · XNYS
Reporting period
2026-06-30
Dividend schedule
Monthly

How the business works

Borrowers across BIT's bond and credit holdings pay interest. Financing and fund costs reduce net investment income, while changes in credit values and realized results also move NAV.

BlackRock Multi-Sector Income Trust: financial report supporting reported earnings

Dividend & earnings snapshot

Dividend payments

Per common share

$0.1237Reviewed declaration · Payment Dec 22, 2026

Regular dividend

Announced Sep 10, 2026

Dates and issuer sources
Announcement
Sep 10, 2026
Declaration
Sep 10, 2026
Ex-dividend
Dec 11, 2026
Record
Dec 11, 2026
Payment
Dec 22, 2026
Source reviewed
Sep 21, 2026

Extras are shown separately and are not assumed to repeat.

Reported earnings

Each measure shown separately, per share

Net investment income$0.45

Jan 1, 2026 to Jun 30, 2026

Distribution yield12.75%Sourced distributions divided by dated market price
Reported annual income yield7.12%Reported net investment income $0.9300 per share for 2025-01-01 to 2025-12-31, divided by approved 2025-12-31 market price $13.0600. Excludes capital gains; historical, not a current yield or forecast.
Annual earnings$0.90Public Researched estimate per share
Annual dividend$1.48Current regular payment annualized per share
Distribution supportSee period evidenceCash distributions, NAV and reported returns are shown separately; no earnings-coverage ratio is assigned.
Verified dividend dates and payment components

Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.

Verified earnings history and sources

The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.

Reporting periodEarnings measurePer shareSource
Jan 1, 2026 to Jun 30, 2026Net investment income$0.45Issuer source 1
Announced Sep 3, 2026

Reported NAV total return by period

Full-year fund-reported NAV total return. The shorter period remains in the table above and is not joined to this trend.

Market price and NAV per share

Reviewed USD market closes or SEC-reported prices matched to NAV dates. A different price date or split adjustment is shown in the label.

Business and earnings charts

Financial snapshot: 2026-06-30. Research reviewed 2026-09-21. Source dates are retained with each measure; historical results are not a forecast.

The assets it owns

$758.742 million net assets at June 30, 2026Eight reported investment categories

Leverage and other liabilities mean investment values can exceed net assets. Derivative notional exposure is not added to this allocation.

  • Corporate bonds60.6%
  • U.S. agency securities13%
  • Non-agency mortgages10.8%
  • Asset-backed securities6.2%
  • Preferred securities4.7%
  • Foreign agency obligations2.5%
  • U.S. Treasuries1.1%
  • Other investments1.1%

Issuer portfolio composition as a percent of total investments at June 30, 2026, not net assets.

BIT financial statements and portfolio composition

Reported half-year income and expenses

2026-01-01 through 2026-06-30 · $ millions

Gross investment income$38.014m
Net expenses$12.387m
Net investment income$25.627m

For the six months ended June 30, 2026, BIT reported $0.45 of net investment income per share and $0.74 of distributions. Recurring income provided part of the cash paid, with investment results and distribution sources completing the picture.

BlackRock Multi-Sector Income Trust: financial report supporting reported earnings

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting periodEnding NAVNAV changeDistributions / shareReported NAV total returnSource
Jan 1, 2026 to Jun 30, 2026$13.30-4.39%$0.74+1.29%BIT SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Jan 1, 2025 to Dec 31, 2025$13.91-4.07%$1.48+6.68%BIT financial highlights. The 2023 two-month fiscal transition is separate and not annualized.
Jan 1, 2024 to Dec 31, 2024$14.50-1.76%$1.48+8.66%BIT financial highlights. The 2023 two-month fiscal transition is separate and not annualized.
Nov 1, 2023 to Dec 31, 2023$14.76+7.11%$0.25+8.95%BIT financial highlights. The 2023 two-month fiscal transition is separate and not annualized.
Nov 1, 2022 to Oct 31, 2023$13.78-6.00%$1.48+4.08%BIT financial highlights. The 2023 two-month fiscal transition is separate and not annualized.
Nov 1, 2021 to Oct 31, 2022$14.66-18.46%$1.48-10.47%BIT financial highlights. The 2023 two-month fiscal transition is separate and not annualized.
Nov 1, 2020 to Oct 31, 2021$17.98+1.81%$1.48+10.55%BIT financial highlights. The 2023 two-month fiscal transition is separate and not annualized.
Nov 1, 2019 to Oct 31, 2020$17.66+2.20%$1.48+12.68%BIT financial highlights. The 2023 two-month fiscal transition is separate and not annualized.
Nov 1, 2018 to Oct 31, 2019$17.28-8.04%$1.410.00%BIT financial highlights. The 2023 two-month fiscal transition is separate and not annualized.
Nov 1, 2017 to Oct 31, 2018$18.79-6.38%$1.53+2.18%BIT financial highlights. The 2023 two-month fiscal transition is separate and not annualized.
Nov 1, 2016 to Oct 31, 2017$20.07+6.13%$1.77+17.34%BIT financial highlights. The 2023 two-month fiscal transition is separate and not annualized.
Nov 1, 2015 to Oct 31, 2016$18.910.00%$1.64+10.51%BIT financial highlights. The 2023 two-month fiscal transition is separate and not annualized.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

Distribution and NAV evidence

Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable. Net investment income excludes investment gains and is not a payout-coverage ratio.

Reporting period and filingNet investment income/shareCash distributions/shareOpening NAVClosing NAVNAV changeReported NAV total return
2015-11-01 to 2016-10-31 $1.69 $1.64 $18.91 $18.91 0.00% 10.51%
2016-11-01 to 2017-10-31 $1.51 $1.77 $18.91 $20.07 6.13% 17.34%
2017-11-01 to 2018-10-31 $1.38 $1.53 $20.07 $18.79 -6.38% 2.18%
2018-11-01 to 2019-10-31 $1.18 $1.41 $18.79 $17.28 -8.04% 0.00%
2019-11-01 to 2020-10-31 $1.08 $1.48 $17.28 $17.66 2.20% 12.68%
2020-11-01 to 2021-10-31 $1.13 $1.48 $17.66 $17.98 1.81% 10.55%
2021-11-01 to 2022-10-31 $1.03 $1.48 $17.98 $14.66 -18.46% -10.47%
2022-11-01 to 2023-10-31 $0.91 $1.48 $14.66 $13.78 -6.00% 4.08%
2023-11-01 to 2023-12-31 $0.16 $0.25 $13.78 $14.76 7.11% 8.95%
2024-01-01 to 2024-12-31 $0.99 $1.48 $14.76 $14.50 -1.76% 8.66%
2025-01-01 to 2025-12-31 $0.93 $1.48 $14.50 $13.91 -4.07% 6.68%
2026-01-01 to 2026-06-30 $0.45 $0.74 $13.91 $13.30 -4.39% 1.29%

Risk monitor

RiskCurrent conditionDirectionWhy it matters
Portfolio riskLosses or weaker cash generation in corporate and securitized credit can reduce the resources available for future distributions.MonitorA change can affect future shareholder cash payments or the capital supporting them.
Leverage and financingThe current data service reports effective leverage of 31.25%. Financing magnifies gains and losses, and borrowing costs reduce income available to common shareholders.MonitorA change can affect future shareholder cash payments or the capital supporting them.

The assets behind the earnings

How BIT makes money

Financial snapshot: 2026-06-30. Research reviewed 2026-09-21. Source dates are retained with each measure; historical results are not a forecast.

The income-producing business

Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

BlackRock Multi-Sector Income Trust: financial report supporting reported earnings

Financing can amplify income and losses

The portfolio information checked September 11, 2026 reports effective leverage of 31.25%.

Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.

BIT financial statements and portfolio composition

What the reported earnings support

BlackRock Multi-Sector Income Trust reported $0.4500 per share for 2026-01-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

BlackRock Multi-Sector Income Trust: financial report supporting reported earnings

Distribution sustainability

A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

BlackRock Multi-Sector Income Trust: financial report supporting reported earnings

What would change the earnings picture?

At the next comparable report, check income against cash paid and ask which credit sectors or financing costs moved. Keep NAV beside the monthly payment.

Net asset value (NAV)

NAV per share$12.5700Sep 29, 2026
Market price$11.2100Sep 29, 2026
PREMIUM / DISCOUNT TO NAV10.82% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Current evidence and recent developments

  • Twelve distinct reported periods are connected.
  • Monthly $0.123700 payments are declared through December 2026.
  • Half-year income covered 60.81% of same-period distributions.

What to watch next

  • At the next comparable report, check income against cash paid and ask which credit sectors or financing costs moved. Keep NAV beside the monthly payment.

Fly High context

At the next comparable report, check income against cash paid and ask which credit sectors or financing costs moved. Keep NAV beside the monthly payment.

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U.S. federal · Tax year 2025

Dividend tax treatment

The issuer's 2025 estimate shows mainly ordinary dividends and return of capital. The mix can change from year to year.

Ordinary, nonqualified
57.77%
Qualified dividends
4.7%
Capital-gain distributions
0%
Return of capital
37.53%

This 2025 estimate gives you a useful sense of where the cash may land for tax purposes. It may differ from the final forms. Think of it as a guide to the year, then use your own tax statement for the final split.

Read the source behind these figures. Your Form 1099-DIV is the guide for your own filing.

The issuer calls this breakdown an estimate. The issuer explicitly calls these amounts estimates and says they are not for tax reporting. Actual tax character depends on each shareholder's Form 1099-DIV. Never mark these rows final. Your Form 1099-DIV may show a different final mix. See the issuer's estimate.

Tax year: 2025.

Tax details and source
Total ordinary dividends (includes qualified)
62.47%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
Not confirmed
Reporting form
Form 1099-DIV
Source date
Not stated

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

Public Research updated September 30, 2026 3:43 pm

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