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BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc. It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic. BlackRock Multi-Sector Income Trust was formed on February 25, 2013 and is domiciled in the United States.
Is BIT's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
The BlackRock Multi-Sector Income Trust (BIT) offers a 12.03% yield but struggles to sustain its distribution, risking NAV erosion or a payout cut. BIT's portfolio is almost entirely USD-denominated bonds, which is currently optimal given dollar strength, but inflation and weak bond prospects loom. BIT's net investment income and capital gains fail to cover distributions, with NAV per share declining 4.46% YTD, indicating ongoing capital destruction.
Seven high-yield fixed income CEFs—ARDC, BGH, BIT, GHY, KIO, OPP, WDI—currently trade at wider-than-average discounts, offering yields from 10% to 14%. Market fears over private credit and macroeconomic uncertainty have pressured prices, creating potential buying opportunities for long-term income investors. These funds diversify across senior loans, high-yield bonds, CLOs, and MBS, balancing floating and fixed-rate exposure to manage interest rate risk.
BlackRock Multi-Sector Income Trust (BIT) is rated a sell due to ongoing NAV erosion and unsustainable distributions. BIT trades at a 7.05% discount to NAV, near multi-year lows, reflecting persistent structural challenges and high leverage in a tough rate environment. The fund's 11.8% yield is not covered by earnings, forcing asset sales and further NAV decline; a 25% distribution cut is recommended.
Abu Dhabi, United Arab Emirates – TheNewswire - March 16, 2026 – Falcon Energy Materials plc (TSX-V: FLCN) (“ Falcon ” or the “ Company ”) announces that it has formally commenced international arbitration proceedings over the illegal expropriation of the Lola Graphite Project (the “ Project ”) by the Republic of Guinea (“ Guinea ”) and other breaches of the bilateral investment treaty between the Governments of the United Arab Emirates and Guinea (“ UAE-Guinea BIT ”). The Company lodged a Request for Arbitration (“ RfA ”) under the UAE-Guinea BIT with the International Centre for Settlement of Investment Disputes (“ ICSID ”), part of the World Bank. The RfA is filed in accordance with the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the “ ICSID Convention ”). The RfA contains a description of the background to the dispute, a summary of the Company's claims and an initial estimate of compensation for the damages sustained by the Company resulting from the actions of the Government of Guinea, currently estimated at US$100 million.
I highlight five additional CEFs—BIT, BME, BST, BUI, and GLU—that have never cut distributions for at least a decade, offering high-yield, monthly income. BIT yields nearly 12% at a -6.8% discount, but declining earnings coverage and rising ROC signal caution on distribution sustainability. BME, BST, and BUI trade at discounts and have recently increased distributions, with BST delivering an 18% 10-year total return at market price.