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BlackRock Multi-Sector Income Trust
Ticker Symbol: BIT CUSIP: 09258A107 Exchange: NYSE
Company's Online Profile
FUND DESCRIPTION: BlackRock Multi-Sector Income Trust, formerly BlackRock Fixed Income Strategic Opportunities, is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The BlackRock Multi-Sector Income Trust seeks high current income, with a secondary objective of capital appreciation. TRUST STRATEGY: Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in loan and debt instruments and other investments with similar economic characteristics (collectively fixed income securities). In investing the Trust’s assets, the Advisors expect to allocate capital across multiple sectors of the fixed income securities market by evaluating portfolio risk in light of the available investment opportunities and prevailing risks in the fixed income market, with the goal of delivering attractive risk-adjusted returns. In doing so, the Advisors seek to find the appropriate balance between risk mitigation and opportunism. Fixed income securities in which the Trust may invest include: mortgage related securities; asset-backed securities; U.S. Government and agency securities; loans and loan participations, including senior secured floating rate and fixed rate loans or debt (Senior Loans) and second lien or other subordinated or unsecured floating rate and fixed rate loans or debt; bonds or other debt securities issued by U.S. or foreign (non-U.S.) corporations or other business entities; collateralized loan obligations; preferred securities; convertible securities, including synthetic convertible securities; sovereign debt; municipal securities; and structured instruments. The Trust may invest in securities of any quality, rated or unrated, including those that are rated below investment grade quality. The Trust may invest in fixed income securities of any type, including those with fixed, floating or variable interest rates, those with interest rates that change based on multiples of changes in a specified reference interest rate or index of interest rates and those with interest rates that change inversely to changes in interest rates, as well as those that do not bear interest. The Trust may hold securities of any duration or maturity and does not maintain set policies with respect to the average duration or maturity of the Trust’s portfolio. The Trust currently intends to use leverage to seek to achieve its investment objectives. The Trust currently anticipates that it will use leverage through reverse repurchase agreements and/or dollar rolls and the Trust may also borrow funds from banks or other financial institutions and/or issue preferred shares. TRUST MANAGEMENT: BlackRock Advisors, LLC serves as the investment adviser for the Trust. BlackRock Investment Management, LLC, will be the Trust’s investment sub-adviser.
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IPO - 2/25/2013 - 36.00 Million Shares @ $20.00/share.
Link to IPO Prospectus
Mid Cap Stock -
Market Value $682.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 55 East 52nd Street, New York, NY 10055 |
| Main Phone Number |
800-882-0052 |
| Fax Number |
Not Available |
| Investor Contact
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800-441-7762
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| Toll Free Phone Number |
800-441-7762 |
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