SIT Investment Associates Files 13D on Blackrock Income Trust

TL;DR

**SIT Investment Associates just filed a 13D on BKT. Big ownership change incoming.**

AI Summary

SIT Investment Associates Inc. has filed a Schedule 13D on November 26, 2024, reporting beneficial ownership of Blackrock Income Trust, Inc. (BKT). The filing indicates a change in ownership or control, though specific details on the percentage or dollar amount of shares held are not immediately available in this excerpt. The filing is an amendment, suggesting a prior report was made.

Why It Matters

This filing signals a significant change in the ownership structure of Blackrock Income Trust, Inc., which could impact its strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.

Key Players & Entities

• SIT INVESTMENT ASSOCIATES INC (company) — Filer of the Schedule 13D
• BLACKROCK INCOME TRUST, INC. (company) — Subject company
• Paul E. Rasmussen (person) — Contact person for SIT Investment Associates Inc.

FAQ

Filing Documents

• sit241215_sc13d.htm (SC 13D) — 94KB
• 0000897101-24-000604.txt ( ) — 96KB

From the Filing

SC 13D 1 sit241215_sc13d.htm SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ___)* Blackrock Income Trust Inc. ( BKT ) (Name of Issuer) Common Stock (Title of Class of Securities) 09247F209 (CUSIP Number) Paul E. Rasmussen 80 South Eighth Street, Suite 3300 Minneapolis, MN 55402 (Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications) 11/25/2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 09247F209 1 Names of Reporting Persons Sit Investment Associates, Inc. 2 Check the appropriate box if a member of a Group (see instructions) (a) (b) 3 Sec Use Only 4 Source of Funds (see instructions) OO 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization Number of Shares Beneficially Owned by Each Reporting Person With: 7 Sole Voting Power 0 8 Shared Voting Power 2,078,481 9 Sole Dispositive Power 0 10 Shared Dispositive Power 2,078,481 11 Aggregate Amount Beneficially Owned by Each Reporting Person 2,078,481 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13 Percent of class represented by amount in row (11) 9.8% 14 Type of Reporting Person (See Instructions) IA CUSIP No. 09247F209 1 Names of Reporting Persons Sit Fixed Income Advisors II, LLC 2 Check the appropriate box if a member of a Group (see instructions) (a) (b) 3 Sec Use Only 4 Source of Funds (see instructions) OO 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization Organized in Delaware Number of Shares Beneficially Owned by Each Reporting Person With: 7 Sole Voting Power 0 8 Shared Voting Power 2,078,481 9 Sole Dispositive Power 0 10 Shared Dispositive Power 2,078,481 11 Aggregate Amount Beneficially Owned by Each Reporting Person 2,078,481 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13 Percent of class represented by amount in row (11) 9.8% 14 Type of Reporting Person (See Instructions) IA ITEM 1 Security and Issuer Common Stock Blackrock Income Trust Inc. 100 Bellevue Parkway Wilmington, DE 19809 ITEM 2 Identity and Background a) and c) This Sit Investment Associates, Inc., a Minnesota corporation (SIA), and Sit Fixed Income Advisors II, LLC, a Delaware limited liability company (SFI). Both SIA and SFI are parties to a Joint Filing Agreement as further described in Exhibit B. SIA is a registered investment adviser. SFI is a registered investment adviser and subsidiary of SIA. SIA or SFI serves as investment adviser on behalf of its clients. SIA and SFI have entered into investment management agreements with each of its clients pursuant to which SIA or SFI has full discretionary authority to direct the investments of its client in accordance with the investment objectives and restrictions of the client. The investment management agreements also provide that SIA or SFI has assumed the responsibility to vote on behalf of its clients all shares held by its clients in accounts managed by SIA or SFI. Roger J. Sit is chairman and CEO of SIA and SFI. Ronald D. Sit is a vice president of SIA and director. By virtue of these positions, each of SIA, SFI, Roger J. Sit, and Ronald D. Sit, may be deemed to beneficially own the Shares held in SIA and SFI client accounts. SIA, SFI, Roger J. Sit, and Ronald D. Sit together are the “Sit Entities.” b) The MN 55402. d) During the last five years, neither Roger J. Sit nor Ronald D. Sit have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). e) During the last five years, none of the Sit Entities have been a party to a civil proceeding of

View Full Filing

View this SC 13D filing on SEC EDGAR