Yakira Capital Management Inc. Acquires New Shares in BlackRock Multi-Sector Income Trust $BIT

Yakira Capital Management Inc. acquired a new position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 306,963 shares of the investment management company’s stock, valued at approximately $4,110,000. BlackRock Multi-Sector Income Trust comprises 1.4% of Yakira Capital Management Inc.’s holdings, making the stock its 23rd biggest position.

Several other large investors have also recently added to or reduced their stakes in BIT. Creekmur Asset Management LLC lifted its stake in BlackRock Multi-Sector Income Trust by 50.0% in the third quarter. Creekmur Asset Management LLC now owns 7,079 shares of the investment management company’s stock valued at $95,000 after buying an additional 2,360 shares during the last quarter. Anfield Capital Management LLC bought a new position in shares of BlackRock Multi-Sector Income Trust during the third quarter worth about $99,000. World Investment Advisors acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the 3rd quarter worth about $155,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the 3rd quarter worth about $155,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in BlackRock Multi-Sector Income Trust in the 3rd quarter valued at about $161,000.

BlackRock Multi-Sector Income Trust Price Performance

BlackRock Multi-Sector Income Trust stock opened at $12.87 on Monday. BlackRock Multi-Sector Income Trust has a 52-week low of $12.50 and a 52-week high of $15.12. The firm has a 50-day moving average price of $13.19 and a two-hundred day moving average price of $13.28.

BlackRock Multi-Sector Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.1237 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Multi-Sector Income Trust Profile

BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide high current income and total return by investing across a broad range of income-producing sectors. It trades on the New York Stock Exchange under the ticker symbol BIT and is managed by BlackRock Advisors, LLC.

The trust’s portfolio is diversified across multiple sectors of the fixed-income market, including investment-grade corporate bonds, high-yield corporate debt, U.S.