Blackrock Multi-Sector Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york--(business wire)--certain blackrock closed-end funds (the “funds”) announced distributions today as detailed below. municipal funds: declaration- 3/1/2024   ex-date- 3/14/2024   record- 3/15/2024   payable- 4/1/2024 national funds ticker distribution change from prior distribution blackrock municipal income quality trust* bym $0.052500 - blackrock long-term municipal advantage trust* bta $0.043500 - blackrock muniassets fund, inc.* mua $0.055500 - blackrock municipal income fund, inc.

New york--(business wire)--certain blackrock closed-end funds (the “funds”) announced distributions today as detailed below. blackrock floating rate income trust (nyse: bgt), blackrock floating rate income strategies fund, inc. (nyse: fra) and blackrock debt strategies fund, inc. (nyse: dsu) announced increases to their monthly distributions. certain blackrock municipal funds previously declared their december, january and february distributions and declared special distributions today in order.

New york--(business wire)--today, blackrock resources & commodities strategy trust (nyse: bcx), blackrock enhanced equity dividend trust (nyse: bdj), blackrock energy and resources trust (nyse: bgr), blackrock enhanced international dividend trust (nyse: bgy), blackrock health sciences trust (nyse: bme), blackrock health sciences term trust (nyse: bmez), blackrock enhanced global dividend trust (nyse: boe), blackrock utilities, infrastructure & power opportunities trust (nyse: bui), bla.

New york--(business wire)--today, blackrock resources & commodities strategy trust (nyse: bcx), blackrock enhanced equity dividend trust (nyse: bdj), blackrock energy and resources trust (nyse: bgr), blackrock enhanced international dividend trust (nyse: bgy), blackrock health sciences trust (nyse: bme), blackrock health sciences term trust (nyse: bmez), blackrock enhanced global dividend trust (nyse: boe), blackrock utilities, infrastructure & power opportunities trust (nyse: bui), bla.

New york--(business wire)--today, blackrock resources & commodities strategy trust (nyse: bcx), blackrock enhanced equity dividend trust (nyse: bdj), blackrock energy and resources trust (nyse: bgr), blackrock enhanced international dividend trust (nyse: bgy), blackrock health sciences trust (nyse: bme), blackrock health sciences term trust (nyse: bmez), blackrock enhanced global dividend trust (nyse: boe), blackrock utilities, infrastructure & power opportunities trust (nyse: bui), bla.

PDI: 13.7% Yield Attractive Despite Section 19 Notices

BlackRock Multi-Sector Income Trust outperformed its peers during the recent monetary tightening regime by immunizing the fund from duration via interest rate swaps. The composition of BIT's portfolio follows a bar-belled approach, with high-yield exposure balanced by AAA assets. However, this methodology has encountered trouble in the current inflationary environment. BIT is currently trading at a generational high premium to NAV. Additionally, the fund is a chronic over-distributor, with a high percentage of its distribution coming from the return of capital.

The BlackRock Multi-Sector Income Trust is a fixed-income closed-end fund that offers a high income for investors. The fund has a current yield of 9.72%, which compares pretty well to many other debt-focused closed-end funds. However, the fund's performance has been mixed, with a slight profit of 0.36% recently, but still better than the loss of the Bloomberg U.S. Aggregate Bond Index.

The BlackRock Multi-Sector Income Trust offers a reasonable 9.80% yield for income-focused investors. The fund invests in safer securities than other funds with higher yields, making it attractive for risk-averse investors. The fund's recent performance has been decent, but its strength relies heavily on the Federal Reserve cutting interest rates, which seems unlikely.

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BIT is a diversified bond CEF focusing on high-yield bonds. Although returns and distributions have both been quite strong in the recent past, the fund does not currently trade at an attractive price. Coverage is looking spotty. An overview of the fund follows.

The high inflation rate in the U.S. has increased the cost of living, making it difficult for many people to make ends meet. The BlackRock Multi-Sector Income Trust offers a 9.89% yield, providing a potential source of extra income for investors. The fund primarily invests in debt securities, with a focus on high-yield bonds, and uses leverage to boost its returns.

BlackRock Multi-Sector Income Trust has successfully navigated rising interest rates, outperforming its peers by using interest rate swaps and creating a flat duration profile. The fund is now transitioning to taking duration risk again as rates peak, with a bar-belled approach to its collateral, including a significant amount of 'AAA', 'B', and 'CCC' assets. The main risk for BIT is corporate credit spread risk going forward, mitigated by a large bucket of AAA assets.

Investors are desperate for income today because of the rapidly-rising cost of living. BIT invests in a portfolio of traditional fixed-income and alternative credit securities to provide a high level of current income to its shareholders.

The BIT fund provides high income from a portfolio of fixed income securities. I am concerned about BIT as the fund has over 20% of managed assets rated CCC or lower heading into a potentially weakening economy in 2023.