BlackRock Multi-Sector Income Trust (BIT) Announces Terms of Rights Offering
1. BIT will issue transferable rights to current shareholders. 2. Shareholders can purchase additional Shares at a discount.
1. BIT will issue transferable rights to current shareholders. 2. Shareholders can purchase additional Shares at a discount.
Issuing rights indicates future growth potential and enhances shareholder value, similar to past successful rights offerings.
The rights offering directly involves current shareholders, likely boosting interest in BIT.
The immediate effect of the rights offering will be seen as more shares become available at a discount.