 BlackRock Credit Allocation Income Trust the Fund NYSE: BTZ announced today that the Funds Board of Trustees the Board approved a tender offer the Tender Offer to purchase for cash up to 10 of the Funds outstanding common shares of beneficial interest, at a price equal to 98 of the net asset value NAV per share, determined on the business day on which the Tender Offer expires. The Fund intends to commence the Tender Offer on or about January 2, 2020, with the expiration of the Tender Offer currently expected to be on February 3, 2020 at 5:00 p.m. Eastern time, unless otherwise extended. 