Blackrock Credit Allocation Income Trust (N:BTZ)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | MUTUAL FUND DEPARTMENT 100 BELLEVUE PARKWAY WILMINGTON DE 19809 |
| Tel: | N/A |
| Website: | https://www.blackrock.com/investing/products/240168/blackrock-credit-allocation-income-trust-usd-fun |
| IR: | See website |
| Key People | ||
| John M. Perlowski President, Chief Executive Officer, Trustee | Trent W. Walker Chief Financial Officer | Charles C. S. Park Chief Compliance Officer |
| Jonathan Diorio Vice President | Jay M. Fife Treasurer | Janey Ahn Secretary |
| Business Overview |
| BlackRock Credit Allocation Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust's investment objective is to provide current income, current gains and capital appreciation. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in credit-related securities, including, but not limited to, investment grade corporate bonds, high yield bonds (junk bonds), bank loans, preferred securities or convertible bonds or derivatives with economic characteristics similar to these credit-related securities. The Trust may invest directly in such securities or synthetically through the use of derivatives. The Trust has investment in various sectors, such as aerospace and defense, automobile components, banks, consumer finance, beverages, and chemicals, among others. The Trust's manager is BlackRock Advisors, LLC. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Blackrock Credit Allocation Income Trust revenues increased 12% to $104.5M. Net income totaled $132.2M vs. loss of $280M. Revenues reflect Interest unaffiliated increase of 12% to $101.7M, Dividends affiliated increase from $137K to $464K. Net Income reflects Net change in unrealized Investments-una increase from $321.6M (expense) to $126.8M (income). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $104.49M as of Dec 31, 2023 |
| EBITDA (TTM): | $93.66M as of Dec 31, 2023 |
| Net annual income (TTM): | $132.16M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3.31M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $603.49M as of Dec 31, 2023 |
| Shares outstanding: | 93,507,103 as of Mar 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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