Market Overview

BlackRock Income Trust, Inc. Announces Adoption of Managed Distribution Plan and Change of Fiscal Year End


BlackRock Advisors, LLC today announced the Board of Directors (the
"Board") of BlackRock Income Trust, Inc. (NYSE:BKT) (the "Fund") has
approved the adoption of a managed distribution plan (the "Plan")
whereby the Fund, beginning in August 2018, will make monthly
distributions to common stockholders at a monthly fixed rate of $0.0344
per share of common stock (a "share") or 6.5% per annum based on the
Fund's net asset value as of July 2, 2018 and a change of the Fund's
fiscal year end from August 31 to December 31, to be effective following
the August 31, 2018 fiscal year end.

Managed Distribution Plan

The primary purpose of the Plan is to provide stockholders with a
constant, but not guaranteed, fixed minimum rate of distribution each
month. The Fund cannot predict what effect, if any, the Plan will have
on the market price of its shares or whether such market price will
reflect a greater or lesser discount to net asset value as compared to
prior to the adoption of the Plan.

Under its Plan, the Fund will distribute all available investment income
to its stockholders, consistent with its investment objective and as
required by the Internal Revenue Code of 1986, as amended. If sufficient
investment income is not available on a monthly basis, the Fund will
distribute long-term capital gains and/or return capital to its
stockholders in order to maintain its managed distribution level. The
Fund is currently not relying on any exemptive relief from Section 19(b)
of the Investment Company Act of 1940, as amended. The Fund expects that
distributions under the Plan will exceed investment income and capital
gain and thus expects that such distributions will likely include return
of capital for the foreseeable future. No conclusions should be drawn
about the Fund's investment performance from the amount of the Fund's
distributions or from the terms of the Fund's Plan.

The amount distributed per share is subject to change at the discretion
of the Fund's Board. The Plan will be subject to ongoing review by the
Board to determine whether the Plan should be continued, modified or
terminated. The Board may amend the terms of the Plan or suspend or
terminate the Plan at any time without prior notice to the Fund's
stockholders if it deems such actions to be in the best interest of the
Fund or its stockholders. The amendment or termination of the Plan could
have an adverse effect on the market price of the Fund's shares.

A return of capital occurs when some or all of the money that
stockholders invested in the Fund is paid back to them. A return of
capital does not reflect the Fund's investment performance and should
not be confused with "yield" or "income." Any such returns of capital
will decrease the Fund's total assets and, therefore, could have the
effect of increasing the Fund's expense ratio. In addition, in order to
make the level of distributions called for under its Plan, the Fund may
have to sell portfolio securities at a less than opportune time.

With each distribution that does not consist solely of net investment
income, the Fund will issue a notice to stockholders and an accompanying
press release that will provide detailed information regarding the
amount and composition of the distribution and other related
information. The amounts and sources of distributions reported in the
notice to stockholders are only estimates and are not being provided for
tax reporting purposes. The actual amounts and sources of the amounts
for tax reporting purposes will depend upon the Fund's investment
experience during its full fiscal year and may be subject to changes
based on tax regulations. The Fund will send stockholders a Form
1099-DIV for the calendar year that will tell them how to report these
distributions for federal income tax purposes.

About BlackRock

BlackRock helps investors build better financial futures. As a fiduciary
to our clients, we provide the investment and technology solutions they
need when planning for their most important goals. As of June 30, 2018,
the firm managed approximately $6.3 trillion in assets on behalf of
investors worldwide. For additional information on BlackRock, please
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Availability of Fund Updates

BlackRock will update performance and certain other data for the Funds
on a monthly basis on its website in the "Closed-end Funds" section of as
well as certain other material information as necessary from time to
time. Investors and others are advised to check the website for updated
performance information and the release of other material information
about the Funds. This reference to BlackRock's website is intended to
allow investors public access to information regarding the Funds and
does not, and is not intended to, incorporate BlackRock's website in
this release.

Forward-Looking Statements

This press release, and other statements that BlackRock or the Fund may
make, may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act, with respect to the Fund's or
BlackRock's future financial or business performance, strategies or
expectations. Forward-looking statements are typically identified by
words or phrases such as "trend," "potential," "opportunity,"
"pipeline," "believe," "comfortable," "expect," "anticipate," "current,"
"intention," "estimate," "position," "assume," "outlook," "continue,"
"remain," "maintain," "sustain," "seek," "achieve," and similar
expressions, or future or conditional verbs such as "will," "would,"
"should," "could," "may" or similar expressions.

BlackRock cautions that forward-looking statements are subject to
numerous assumptions, risks and uncertainties, which change over time.
Forward-looking statements speak only as of the date they are made, and
BlackRock assumes no duty to and does not undertake to update
forward-looking statements. Actual results could differ materially from
those anticipated in forward-looking statements and future results could
differ materially from historical performance.

With respect to the Fund, the following factors, among others, could
cause actual events to differ materially from forward-looking statements
or historical performance: (1) changes and volatility in political,
economic or industry conditions, the interest rate environment, foreign
exchange rates or financial and capital markets, which could result in
changes in demand for the Fund or in the Fund's net asset value; (2) the
relative and absolute investment performance of the Fund and its
investments; (3) the impact of increased competition; (4) the
unfavorable resolution of any legal proceedings; (5) the extent and
timing of any distributions or share repurchases; (6) the impact, extent
and timing of technological changes; (7) the impact of legislative and
regulatory actions and reforms, including the Dodd-Frank Wall Street
Reform and Consumer Protection Act, and regulatory, supervisory or
enforcement actions of government agencies relating to the Fund or
BlackRock, as applicable; (8) terrorist activities, international
hostilities and natural disasters, which may adversely affect the
general economy, domestic and local financial and capital markets,
specific industries or BlackRock; (9) BlackRock's ability to attract and
retain highly talented professionals; (10) the impact of BlackRock
electing to provide support to its products from time to time; and (11)
the impact of problems at other financial institutions or the failure or
negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the Fund
with the Securities and Exchange Commission ("SEC") are accessible on
the SEC's website at
and on BlackRock's website at,
and may discuss these or other factors that affect the Fund. The
information contained on BlackRock's website is not a part of this press

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