BlackRock Floating Rate Income Trust (BGT)
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12.06 USD
( - -0.11 USD)
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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.
NEWS
BGT: The Golden Era For Floating Rate Funds Have Passed
seekingalpha.com
2025-07-14 11:37:01BGT offers high monthly income (11.5% yield) from floating rate loans, benefiting from the current high interest rate environment. The fund's heavy exposure to below-investment-grade borrowers increases risk, especially if defaults rise amid economic slowdown or trade disruptions. BGT trades at a slight premium to NAV, but historically has traded at a discount; future rate cuts could pressure both NAV and distributions.
BGT: Failing To Cover Distributions And Unlikely To Improve (Rating Downgrade)
seekingalpha.com
2025-04-29 05:58:39The BlackRock Floating Rate Income Trust offers a high yield of 12.03%, but its income is highly dependent on Federal Reserve interest rate policies. The fund's distribution is unsustainable due to declining net investment income and expected interest rate cuts, likely leading to a distribution cut. The market is expecting four interest cuts this year due to a recession setting in.
BGT: Solid Returns But High Fees And High Volatility
seekingalpha.com
2025-02-03 23:38:10The BlackRock Floating Rate Income Trust aims for high current income and capital preservation and has a current distribution rate of 11.3%. BGT has historically delivered solid returns, but with high levels of volatility. BGT currently trades at a premium to NAV, but historically has on average traded at a discount to NAV.
BGT: This Fund Will Likely Cut Its Distribution In The Near Future
seekingalpha.com
2024-11-11 12:00:00The BlackRock Floating Rate Income Trust offers a high 10.99% yield but faces potential distribution cuts due to expected Federal Reserve interest rate reductions. Despite outperforming fixed-rate bonds in the past, the fund's recent performance has lagged, and its net asset value has declined. The Federal Reserve is planning to reduce interest rates going forward, which will probably reduce this fund's income.
BGT: Floating Rate Assets Becoming Less Appealing (Rating Downgrade)
seekingalpha.com
2024-08-06 23:45:57BGT has performed well, with a total return of over 17% since October 2023, since it was last covered. Lower Fed funds will lead to lower yields and a shift in market sentiment towards fixed assets, just like in past cycles. BlackRock Floating Rate Income Trust's premium to NAV is at a decade high but is expected to fall back to a discount as the Fed cuts rates.
BGT: A Good Source Of Income Today, But A Pricey One
seekingalpha.com
2024-05-13 13:12:04BlackRock Floating Rate Income Trust Fund is a closed-end fund that aims to generate a high level of income with less volatility than fixed-income funds. The fund has a lower yield than its peers, but also lower risk exposure due to lower levels of leverage. The fund's recent performance has been strong, outperforming both investment-grade and junk bonds.
Want $1500 Per Month In Passive Income? Invest $20,000 In These Stocks.
247wallst.com
2024-05-12 06:59:35Stock #6 : Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) Yield: 10.55% Number of shares for $20,000: 1,739 Monthly Dividend Income:~$175.83 Balanced funds offer both capital appreciation potential as well as the safety and income aspects of bonds.
Investors' Choice: Roller Coaster Or Merry-Go-Round?
seekingalpha.com
2024-04-26 07:59:35Achieving long-term "equity returns" generally requires holding tight through periods of volatility. The "roller coaster" experience is worth it, as Nobel Prize winners and other researchers have demonstrated over the years. There is an alternative for investors seeking a smoother ride and a better night's sleep through market downturns.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
businesswire.com
2024-03-01 16:30:00NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 3/1/2024 Ex-Date- 3/14/2024 Record- 3/15/2024 Payable- 4/1/2024 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust* BYM $0.052500 - BlackRock Long-Term Municipal Advantage Trust* BTA $0.043500 - BlackRock MuniAssets Fund, Inc.* MUA $0.055500 - BlackRock Municipal Income Fund, Inc.
BGT: A Very Good Floater CEF That Should Perform Well For Longer Than Market Thinks
seekingalpha.com
2024-02-22 17:54:46The BlackRock Floating Rate Income Trust Fund offers an attractive current yield of 11.26%, which is in line with its peers.
CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities
seekingalpha.com
2023-12-15 13:00:00Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, meaning higher rates for longer. Discounts for CEFs continue to tread water, with real estate and interest rate-sensitive bond sectors performing well, while emerging market equity and convertibles performed poorly.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
businesswire.com
2023-12-05 17:00:00NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. BlackRock Floating Rate Income Trust (NYSE: BGT), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA) and BlackRock Debt Strategies Fund, Inc. (NYSE: DSU) announced increases to their monthly distributions. Certain BlackRock municipal Funds previously declared their December, January and February distributions and declared special distributions today in order.
BGT: The Glory Days For Floaters May Be Ending
seekingalpha.com
2023-12-02 04:31:23The article evaluates the BlackRock Floating Rate Income Trust as an investment option at its current market price. Investing in floating rate securities has been a successful strategy, delivering strong total returns. But that could change next year. I see an uptick in default rates and a more dovish Fed in 2024 as potential headwinds that will moderate returns going forward.
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
businesswire.com
2023-10-31 17:15:00NEW YORK--(BUSINESS WIRE)--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.
BGT: A Golden Standard Leveraged Loan CEF, 11.7% Yield
seekingalpha.com
2023-10-21 00:21:49The BlackRock Floating Rate Income Trust is a closed-end fund that focuses on leveraged loans with the primary goal of generating current income for investors. The fund's distribution yield is well-covered, with most of the distribution coming from income received from underlying loans (96%) rather than return of capital. BGT maintains a balanced composition, with 62% of the portfolio in 'B' rated loans and only 9.35% in 'CCC' loans, demonstrating a diversified risk approach.
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
businesswire.com
2023-09-29 16:30:00NEW YORK--(BUSINESS WIRE)--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.
BGT: The Golden Era For Floating Rate Funds Have Passed
seekingalpha.com
2025-07-14 11:37:01BGT offers high monthly income (11.5% yield) from floating rate loans, benefiting from the current high interest rate environment. The fund's heavy exposure to below-investment-grade borrowers increases risk, especially if defaults rise amid economic slowdown or trade disruptions. BGT trades at a slight premium to NAV, but historically has traded at a discount; future rate cuts could pressure both NAV and distributions.
BGT: Failing To Cover Distributions And Unlikely To Improve (Rating Downgrade)
seekingalpha.com
2025-04-29 05:58:39The BlackRock Floating Rate Income Trust offers a high yield of 12.03%, but its income is highly dependent on Federal Reserve interest rate policies. The fund's distribution is unsustainable due to declining net investment income and expected interest rate cuts, likely leading to a distribution cut. The market is expecting four interest cuts this year due to a recession setting in.
BGT: Solid Returns But High Fees And High Volatility
seekingalpha.com
2025-02-03 23:38:10The BlackRock Floating Rate Income Trust aims for high current income and capital preservation and has a current distribution rate of 11.3%. BGT has historically delivered solid returns, but with high levels of volatility. BGT currently trades at a premium to NAV, but historically has on average traded at a discount to NAV.
BGT: This Fund Will Likely Cut Its Distribution In The Near Future
seekingalpha.com
2024-11-11 12:00:00The BlackRock Floating Rate Income Trust offers a high 10.99% yield but faces potential distribution cuts due to expected Federal Reserve interest rate reductions. Despite outperforming fixed-rate bonds in the past, the fund's recent performance has lagged, and its net asset value has declined. The Federal Reserve is planning to reduce interest rates going forward, which will probably reduce this fund's income.
BGT: Floating Rate Assets Becoming Less Appealing (Rating Downgrade)
seekingalpha.com
2024-08-06 23:45:57BGT has performed well, with a total return of over 17% since October 2023, since it was last covered. Lower Fed funds will lead to lower yields and a shift in market sentiment towards fixed assets, just like in past cycles. BlackRock Floating Rate Income Trust's premium to NAV is at a decade high but is expected to fall back to a discount as the Fed cuts rates.
BGT: A Good Source Of Income Today, But A Pricey One
seekingalpha.com
2024-05-13 13:12:04BlackRock Floating Rate Income Trust Fund is a closed-end fund that aims to generate a high level of income with less volatility than fixed-income funds. The fund has a lower yield than its peers, but also lower risk exposure due to lower levels of leverage. The fund's recent performance has been strong, outperforming both investment-grade and junk bonds.
Want $1500 Per Month In Passive Income? Invest $20,000 In These Stocks.
247wallst.com
2024-05-12 06:59:35Stock #6 : Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) Yield: 10.55% Number of shares for $20,000: 1,739 Monthly Dividend Income:~$175.83 Balanced funds offer both capital appreciation potential as well as the safety and income aspects of bonds.
Investors' Choice: Roller Coaster Or Merry-Go-Round?
seekingalpha.com
2024-04-26 07:59:35Achieving long-term "equity returns" generally requires holding tight through periods of volatility. The "roller coaster" experience is worth it, as Nobel Prize winners and other researchers have demonstrated over the years. There is an alternative for investors seeking a smoother ride and a better night's sleep through market downturns.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
businesswire.com
2024-03-01 16:30:00NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 3/1/2024 Ex-Date- 3/14/2024 Record- 3/15/2024 Payable- 4/1/2024 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust* BYM $0.052500 - BlackRock Long-Term Municipal Advantage Trust* BTA $0.043500 - BlackRock MuniAssets Fund, Inc.* MUA $0.055500 - BlackRock Municipal Income Fund, Inc.
BGT: A Very Good Floater CEF That Should Perform Well For Longer Than Market Thinks
seekingalpha.com
2024-02-22 17:54:46The BlackRock Floating Rate Income Trust Fund offers an attractive current yield of 11.26%, which is in line with its peers.
CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities
seekingalpha.com
2023-12-15 13:00:00Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, meaning higher rates for longer. Discounts for CEFs continue to tread water, with real estate and interest rate-sensitive bond sectors performing well, while emerging market equity and convertibles performed poorly.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
businesswire.com
2023-12-05 17:00:00NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. BlackRock Floating Rate Income Trust (NYSE: BGT), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA) and BlackRock Debt Strategies Fund, Inc. (NYSE: DSU) announced increases to their monthly distributions. Certain BlackRock municipal Funds previously declared their December, January and February distributions and declared special distributions today in order.
BGT: The Glory Days For Floaters May Be Ending
seekingalpha.com
2023-12-02 04:31:23The article evaluates the BlackRock Floating Rate Income Trust as an investment option at its current market price. Investing in floating rate securities has been a successful strategy, delivering strong total returns. But that could change next year. I see an uptick in default rates and a more dovish Fed in 2024 as potential headwinds that will moderate returns going forward.
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
businesswire.com
2023-10-31 17:15:00NEW YORK--(BUSINESS WIRE)--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.
BGT: A Golden Standard Leveraged Loan CEF, 11.7% Yield
seekingalpha.com
2023-10-21 00:21:49The BlackRock Floating Rate Income Trust is a closed-end fund that focuses on leveraged loans with the primary goal of generating current income for investors. The fund's distribution yield is well-covered, with most of the distribution coming from income received from underlying loans (96%) rather than return of capital. BGT maintains a balanced composition, with 62% of the portfolio in 'B' rated loans and only 9.35% in 'CCC' loans, demonstrating a diversified risk approach.
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
businesswire.com
2023-09-29 16:30:00NEW YORK--(BUSINESS WIRE)--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.