BlackRock Multi-Sector Income Trust (NYSE: BIT) successfully completed its oversubscribed rights offering, which concluded on September 9, 2025. The offering resulted in the issuance of over 14 million common shares, raising approximately $186 million. The subscription price was set at $13.01 per share, based on 90% of the net asset value. The proceeds will be invested according to the Fund's objectives, and newly issued shares will be eligible for the October monthly distribution.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blackrock Multi-Sector Income Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 20250909707109) on September 10, 2025, and is solely responsible for the information contained therein.