Blackrock Floating Rate Income Trust: directors' dealings · United States · SEC (Form 4)

About Blackrock Floating Rate Income Trust

BlackRock Floating Rate Income Trust (NYSE, United States) is a listed closed-end income fund managed by BlackRock, built to deliver high current income through exposure to floating-rate and variable-rate credit instruments. Launched in August 2004, BGT is a perpetual closed-end taxable bond fund, which means it operates as an exchange-listed investment vehicle rather than an operating company. For French-speaking investors in France, Belgium, or Switzerland, the key takeaway is that this is a credit-income strategy wrapped in a liquid listed structure, with income generation as the primary objective and capital preservation as a secondary goal. The Trust invests primarily in floating and variable-rate securities issued by U.S. and non-U.S. borrowers, including a substantial allocation to senior secured floating-rate loans made to corporate and other business entities. That positioning is designed to reduce interest-rate duration risk while maintaining attractive income potential. BlackRock also notes that the fund may use leverage, and recent filings indicate the portfolio can employ derivatives such as forward contracts to hedge foreign-currency exposure and interest-rate futures to tactically adjust duration. In practical terms, BGT is aimed at investors who want a high-distribution fixed-income solution with floating-rate characteristics. From a competitive standpoint, the fund benefits from BlackRock’s scale, credit research platform, and long experience in listed closed-end products. BlackRock states that it has more than 35 years of experience managing closed-end products and, as of year-end 2025, advised a large family of exchange-listed active funds. That matters because BGT competes in a segment where manager reputation, credit selection, leverage management, and distribution discipline are central to investor outcomes. Its Morningstar classification sits in the Bank Loan category, aligning it with the broader leveraged-loan and floating-rate income universe. BGT is traded on the NYSE in the United States under the ticker BGT. The fund is managed within BlackRock’s broader platform, whose headquarters are in New York, while the portfolio itself is globally invested across U.S. and non-U.S. issuers. This geographic mix gives the fund access to a wider set of credit opportunities, although U.S. floating-rate loans remain an important core exposure. Recent public disclosures and fund materials from 2025-2026 highlight several notable points. BlackRock’s official pages showed net assets of roughly $341 million and managed assets above $400 million, with leverage around 17% and a monthly distribution policy still in place. The fund’s market price also traded at a modest discount to NAV, a common feature in closed-end funds. Overall, the recent data reinforce BGT’s profile as a yield-oriented NYSE-listed income vehicle backed by a large global asset manager in the United States.