BlackRock Multi-Sector Income Trust (NYSE: BIT) has announced the approval of terms for a rights offering by its Board of Trustees. This offering allows current holders of the Fund's common shares to subscribe for additional shares at a discounted market price. The offering aims to capitalize on attractive yields, resilient fundamentals, and expectations for lower financing costs, creating a favorable environment for income-seeking investors. The Fund's adviser, BlackRock Advisors, LLC, will cover all offering expenses, ensuring no cost to the Fund or its shareholders. This initiative is designed to enhance the Fund's assets, facilitating the pursuit of existing and future investment opportunities aligned with its objective of providing income and capital appreciation. Further details and the prospectus supplement will be available through the Fund's information agent, Georgeson LLC.