Exhibit (s)(2)

Calculation of Filing Fee Tables

FORM N-2/A

(Form Type)

BLACKROCK MULTI-SECTOR INCOME TRUST

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered and Carry Forward Securities

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial effective date

Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward

Newly Registered Securities

Fees to Be Paid

Equity

Common Shares of Beneficial Interest, $0.001 par value

Other(1)

2,063,383

$14.37

$29,650,813.71(1)

$153.10

$4,539.54(2)

Fees to Be Paid

Other

Rights to Purchase Common Shares of Beneficial  Interest (3)

–

–

–

–

–

–

Fees Previously  Paid

Equity

Common Shares of Beneficial Interest, $0.001 par value

457(o)

–

–

$1,000,000

$153.10

$153.10(4)

Other

Rights to Purchase Common

–

–

–

–

–

–

		Shares of Beneficial Interest (3)
Carry Forward Securities
Carry Forward Securities	Equity	Common Shares of Beneficial Interest, $0.001 par value	415(a)(6)	10,936,617(5)	$15.70	$171,704,886.90(5)	$92.70		N-2/A	333-262119	March 2, 2022	$15,917.04
Total Offering  Amounts				13,000,000		$201,355,700.61		$4,539.54
Total Fees Previously Paid								$153.10
Total Fee Offsets								–
Net Fee Due								$4,386.44

(1) The Registrant is relying on Rule 457(c) under the Securities Act of 1933 (“Securities Act”) to calculate the registration fee. The Maximum Aggregate Offering Price is estimated solely for the purpose of determining the registration fee in accordance with Rule 457(c) under the Securities Act based on the average of the high and low sales prices of the shares of common shares of beneficial interest on May 16, 2025, as reported on the New York Stock Exchange. The proposed maximum offering price per security will be determined, from time to time, by the Registrant in connection with the sale by the Registrant of the securities registered under this Registration Statement.

(2) Amount represents $153.10 previously paid to register $1,000,000 of Common Shares, plus $4,386.44 to register the additional $28,650,813.71 of Common Shares registered hereby.

(3) No separate consideration will be received by the Registrant. Any shares issued pursuant to an offering of rights to purchase shares of beneficial interest, including any shares issued pursuant to an over-subscription privilege or a secondary over-subscription privilege, will be shares registered under this Registration Statement.

(4) The Registrant previously paid $153.10 in connection with the filing of the Registrant’s Registration Statement on Form N-2 (File No. 333-285442) with the Securities and Exchange Commission on February 28, 2025.

(5) Pursuant to Rule 415(a)(6) under the Securities Act, this registration statement includes 10,936,617 of unsold shares of common shares of beneficial interest (the “Unsold Carryforward Shares”) that were previously registered for sale under the Registrant’s prior registration statement on Form N-2/A (File No. 333-262119) effective March 2, 2022 (the “Prior Registration Statement”). The Registrant previously paid filing fees of $15,917.04 in connection with such Unsold Carryforward Shares. Pursuant to Rule 415(a)(6) under the Securities Act, the filing fees previously paid with respect to the Unsold Carryforward Shares will continue to be applied to such Unsold Carryforward Shares. Pursuant to Rule 415(a)(6) under the Securities Act, the offering of Unsold Carryforward Shares under the Prior Registration Statement will be deemed terminated as of the date of effectiveness of this Registration Statement.

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