BlackRock Credit Allocation Income Trust spreads its holdings across corporate bonds, loans, preferred securities and other credit. Its income depends on borrowers paying, and its capital value moves with credit and rates.
Business
Multi-sector credit CEF
Listing
BTZ · XNYS
Reporting period
2026-06-30
Dividend schedule
Monthly
How the business works
Interest and preferred dividends provide recurring income after expenses and financing. Realized gains and credit-price changes affect the wider result and NAV separately.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.34
Jan 1, 2026 to Jun 30, 2026
$0.00$0.34
Distribution yield10.43%Sourced distributions divided by dated market priceReported annual income yield6.56%Reported net investment income $0.7100 per share for 2025-01-01 to 2025-12-31, divided by approved 2025-12-31 market price $10.8300. Excludes capital gains; historical, not a current yield or forecast.Reported annual investment income$0.71Per share for 2025 FY. Excludes investment gains.Annual dividend$1.01Current regular payment annualized per share
Dividend payment dates
Each announced payment is shown separately. Extra payments are not assumed to repeat.
Compare the share price with the value of the fund portfolio after liabilities. Each price is matched to a dated NAV; a different price date is shown in the label. Read NAV together with cash distributions.
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.
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.
How to read BTZ income
Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Watch defaults, interest-rate changes and expenses. Income can hold up while falling bond or loan values reduce NAV.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Losses or weaker cash generation in corporate and other credit securities can reduce the resources available for future distributions.
Monitor
A change can affect future shareholder cash payments or the capital supporting them.
Leverage and financing
The current data service reports effective leverage of 35.35%. Financing magnifies gains and losses, and borrowing costs reduce income available to common shareholders.
Monitor
A change can affect future shareholder cash payments or the capital supporting them.
The assets behind the earnings
How BTZ makes money
Financial snapshot: 2026-06-30. Research reviewed 2026-09-21. Compare results for the reporting periods shown. Historical results are not a forecast.
The assets it owns
$1,654.890 million gross assets at June30,2026Six balance-sheet asset groups
Common net assets were $1,023.986 million. Financing and other liabilities are separate from gross assets.
Investments at fair value97.159074808394%
Foreign currency0.014534135717644%
Pledged collateral0.48438256437042%
Receivables2.3337548325749%
Derivative assets0.0068814229578972%
Prepaid expenses0.0013722359848164%
Share of gross balance-sheet assets, not industry allocation.
For the six months ended June 30, 2026, BTZ reported $0.34 of net investment income per share and $0.50 distributed. Recurring income supported part of the payment; the next comparable report will show whether that share rises.
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.
The portfolio information checked September 11, 2026 reports effective leverage of 35.35%.
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.
BlackRock Credit Allocation Income Trust reported $0.3400 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.
Losses or weaker cash generation in corporate and other credit securities can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
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.
Compare the next matching income and cash totals, then read credit performance, financing costs, gains and NAV for the reason behind any change.
Net asset value (NAV)
NAV per share$10.3700Sep 29, 2026Market price$9.3700Sep 29, 2026PREMIUM / DISCOUNT TO NAV9.64% 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.
Monthly $0.083900 payments are declared through December 2026.
Half-year income covered 68.00% of same-period distributions.
What to watch next
Compare the next matching income and cash totals, then read credit performance, financing costs, gains and NAV for the reason behind any change.
Fly High context
Compare the next matching income and cash totals, then read credit performance, financing costs, gains and NAV for the reason behind any change.
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U.S. federal · Tax year 2025
Dividend tax treatment
The company's 2025 estimate shows mainly ordinary dividends and return of capital. The mix can change from year to year.
Ordinary, nonqualified
65.57%
Qualified dividends
6.54%
Capital-gain distributions
0%
Return of capital
27.89%
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.
The company calls this breakdown an estimate. The company 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 company's estimate.
Tax year: 2025.
Tax details and source
Total ordinary dividends (includes qualified)
72.11%
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.
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.
