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BlackRock Income Trust, Inc.
BKTFinancial ServicesNYSEUS
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BlackRock Income Trust is downgraded to 'Sell' due to a deteriorating macro backdrop for leveraged MBS CEFs. BKT's 6.4-year duration and 25% leverage expose it to rising intermediate rates, with no rate cuts priced for 2026. The fund's 10% distribution is unsustainable, relying on excessive return of capital and eroding NAV.
Allspring Global Investments Holdings LLC purchased a new position in shares of Blackrock Income Trust (NYSE: BKT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 125,334 shares of the company's stock, valued at approximately $1,384,000. Other institutional investors also recently
