BlackRock Floating Rate Income Trust·Financial Services
BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors. It invests in corporate bonds with average effective duration of its portfolio will be no more than 1.5 years. The fund was formerly known as BlackRock Global Floating Rate Income Trust. BlackRock Floating Rate Income Trust was formed on August 30, 2004 and is domiciled in the United States.
Financial Services
Asset Management - Income
2004-08-30
0.49
Market Peers







BlackRock Floating Rate Income Trust Fund is downgraded to a sell due to persistent earnings weakness and unsupported dividends. BGT's NAV has steadily declined, with recent semi-annual net investment income insufficient to cover its 12.5% yield. The fund's high allocation to below-investment-grade debt and use of leverage amplify risks, especially if interest rates remain elevated.

Donoghue Forlines LLC acquired a new position in BlackRock Floating Rate Income Trust (NYSE: BGT) during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 939,719 shares of the investment management company's stock, valued at approximately $11,418,000. BlackRock Floating Rate Income