Welcome to our dedicated page for BlackRock Income Trust news (Ticker: BKT), a resource for investors and traders seeking the latest updates and insights on BlackRock Income Trust stock.
BlackRock Income Trust, Inc. (NYSE: BKT) is a closed-end management investment company that focuses on high-quality fixed income securities, with a stated objective of preserving capital while generating high monthly income. This news page aggregates coverage of the fund’s public announcements and corporate actions, offering context for how BKT manages its capital base, distribution policy, and share trading dynamics.
Recent press releases highlight several recurring themes in BKT news. The fund has implemented a discount management program under which it may offer to repurchase a portion of its outstanding common shares if they trade at an average daily discount to net asset value beyond a specified threshold over a defined measurement period. Updates on this program, including whether tender offers are triggered or not, are a key component of the fund’s news flow, as they relate to efforts to address discounts and provide liquidity for shareholders.
Another important category of news involves rights offerings and capital-raising activities. BlackRock Income Trust has announced transferable rights offerings that allow existing shareholders to subscribe for additional shares at a discount to market price, sometimes with an over-subscription privilege. Follow-up releases have reported on the results of these offerings, including instances where they were over-subscribed and the fund exercised the over-subscription feature. These events affect the fund’s asset base and its ability to invest in line with its objective of high-quality fixed income exposure and high monthly income.
News items also cover structural changes such as reverse stock splits and fund reorganizations. For example, BlackRock has reported a 1-for-3 reverse stock split for BKT and the completion of a reorganization in which BlackRock Enhanced Government Fund, Inc. (EGF) was combined with and into BKT. Investors who follow BKT news can track how these actions influence share count, trading characteristics, and the scale of the fund. This page serves as a centralized source for such updates, helping readers monitor developments that may shape the fund’s structure and operations over time.
BlackRock Income Trust (NYSE: BKT) renewed its discount management program that may repurchase common shares via a tender offer if specified conditions are met.
If BKT’s shares trade at an average daily discount to NAV greater than 7.50% during the 12-week Measurement Period from July 9, 2026 to September 30, 2026, the Fund intends to offer to repurchase a minimum of 5% of outstanding common shares at a price equal to 98% of NAV, with the repurchase to occur as soon as practicable after the Measurement Period.
The Program is intended to enhance long-term shareholder value but includes no guarantee shareholders can sell all desired shares in a tender offer or that it will affect the market discount. Any actual offer will be made pursuant to a Schedule TO.
BlackRock Income Trust (NYSE: BKT) completed a transferable rights offering that expired on October 20, 2025, allowing rights holders to subscribe for up to 8,097,238 common shares at a final subscription price of $10.76 per share (90% of NAV as of 10/20/2025).
The Offer was over-subscribed and the Fund will exercise the over-subscription privilege, with expected issuance of more than 8 million shares and anticipated proceeds of approximately $87.1 million. BlackRock Advisors agreed to pay all offering expenses. Shares issued will be eligible for the monthly distribution expected in November 2025. Proceeds will be invested per the Fund’s investment objective and policies.
BlackRock Income Trust (BKT) has provided an update on its discount management program, which was designed to enhance shareholder value and market liquidity. During the twelve-week measurement period from July 9, 2025, to September 30, 2025, the Fund recorded an average daily discount to NAV of (1.60)%.
Since this discount was less than the 7.50% threshold that would trigger action under the program, BKT will not proceed with a tender offer to repurchase shares. The program, which would have required the Fund to offer to repurchase a minimum of 5% of its outstanding common shares if the threshold was exceeded, remains part of BKT's ongoing efforts to manage its premium/discount to NAV.
BlackRock Income Trust (NYSE:BKT) has announced a transferable rights offering allowing existing shareholders as of September 29, 2025 to purchase additional shares at a discount. The offering follows a 1-for-3 ratio, where shareholders receive one right for each share owned, with three rights needed to purchase one new share. The subscription price will be set at 95% of the average closing price over five trading days ending October 20, 2025, with a minimum price of 90% of NAV.
Key features include transferable rights trading under "BKT RT", an over-subscription privilege for existing shareholders, and all offering expenses covered by BlackRock Advisors. The fund aims to capitalize on opportunities in agency mortgage-backed securities amid expected Federal Reserve rate cuts, while maintaining current distribution levels for shareholders.
BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) has completed its reorganization with BlackRock Income Trust, Inc. (NYSE: BKT), effective March 24, 2025. As part of the reorganization, EGF shareholders received BKT common shares equivalent to their EGF shares' net asset value, calculated at market close on March 21, 2025.
No fractional BKT shares were issued during the reorganization process, with shareholders receiving cash compensation for any fractional shares. The scheduled EGF distribution for March 31, 2025, will be paid in cash as planned.
BlackRock Enhanced Government Fund (EGF) shareholders have approved the proposed reorganization with BlackRock Income Trust (BKT). The merger, scheduled to complete on March 24, 2025, will result in BKT becoming the surviving fund. The reorganization will be executed based on the relative net asset values of each fund's common shares, subject to customary closing conditions.
BlackRock Advisors announced the Board approval of a reorganization between BlackRock Enhanced Government Fund (EGF) and BlackRock Income Trust (BKT), with BKT as the surviving fund. The reorganization is expected to complete in the first half of 2025, subject to EGF shareholders' approval. After the reorganization, BKT plans to offer repurchasing of a portion of its common shares through annual tender offers under specific conditions. BKT shareholders are not required to approve the reorganization.
BlackRock Income Trust, Inc. (NYSE:BKT) announced a 1-for-3 reverse stock split approved by its Board of Directors. This split will take effect before trading opens on October 18, 2022, with record stockholders as of October 17, 2022. The reverse split is expected to reduce the number of outstanding shares, potentially increasing the market price per share. Following the split, the monthly distribution will rise from $0.0294 to $0.0882 per share, maintaining cash flow to shareholders. The Fund aims to enhance liquidity and broaden investor interest.
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