BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust is a closed-end investment fund/investment trust. The company's investment objective is to provide high level of current income and secondary objective to seek the preservation of capital to the extent consistent with its primary objective of high current income. The company was founded in August 2004 and is headquartered in Wilmington, DE.

BlackRock Capital Allocation Trust

BlackRock Resources & Commodities Strategy Trust

BlackRock Enhanced Equity Dividend Trust

BlackRock Energy and Resources Trust

BlackRock Enhanced International Dividend Trust

Blackrock Core Bond Trust

BlackRock Innovation & Growth Trust

BlackRock Multi-Sector Income Trust

Blackrock Limited Duration Income Trust

Blackrock Health Sciences Trust

BlackRock Health Sciences Trust II

BlackRock Enhanced Global Dividend Trust

BlackRock Science & Technology

BlackRock Science and Technology Trust II

BlackRock Credit Allocation Income Trust

BlackRock Utilities Infrastructure & Power Opportunities Trust

BlackRock Enhanced Capital and Income Fund

Blackrock Debt Strategies Fund Inc

Blackrock ESG Capital Allocation Trust

BlackRock Enhanced Government Fund

Blackrock Floating Rate Income Strategies Fund Inc

BlackRock Corporate High Yield Fund

NEW 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.

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

BlackRock Floating Rate Income Trust has been a strong performer, outpacing the S&P 500. The fund is currently trading at a discount to its net asset value, making it an attractive investment. BGT's income has been increasing along with higher interest rates, making it a good option for investors looking for a high income stream.

BGT: A Year Later, The Buy Case For Floaters Persists

Nuveen Municipal Income Fund Inc

We review CEF market valuation and performance through the first week of July and highlight recent market action. CEFs were roughly flat on the week as NAVs fell while discounts remained resilient. CEF discounts tend to be procyclical, which remains an odd but welcome feature of the CEF market.

CEF Weekly Review: Discount Pro-Cyclicality Is Not Fully Rational

BGT generates a high distribution yield from a portfolio of junk loans. BlackRock Floating Rate Income Trust pays an attractive 11.8% forward distribution yield. However, I recommend investors avoid BGT as there is a mismatch between the fund's long-term returns of 5.4% over 15 years and the double-digit distribution yield paid.

BGT: Amortizing 'Return Of Principal' Loan Fund

Blackrock Municipal Income Trust

Blackrock California Muni Income Trust

Blackrock Municipal Income Trust II

Blackrock New York Municipal Income Trust

BlackRock MuniHoldings Fund

BlackRock MuniHoldings New York Quality Fund Inc

BlackRock MuniYield Michigan Quality Fund Inc

BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield Quality Fund II Inc

BlackRock MuniHoldings California Quality Fund Inc

BlackRock MuniHoldings Quality Fund II Inc

BlackRock Municipal Income Fund

BlackRock MuniHoldings New Jersey Quality Fund Inc

BlackRock MuniVest Fund Inc

BlackRock MuniVest Fund II Inc

BlackRock MuniYield Fund

BlackRock MuniYield Quality Fund III Inc

BlackRock MuniYield New York Quality Fund Inc

NEW YORK--(BUSINESS WIRE)--Please replace the release dated April 11, 2023, with the following corrected version due to changes in the table, "Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023".

CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

19 out of 22 CEF sectors were positive on price and 12 out of 22 sectors were positive on NAV last week. Delaware/Abrdn mergers are closing this week.

Weekly Closed-End Fund Roundup - March 5, 2023

Floating rate debt should remain in demand as the Fed continues to raise its benchmark rate. Further, the market is starting to come to terms with the fact that rates will be "higher for longer".

BGT: Floaters Still Look Attractive

BlackRock announced its latest distributions earlier this month, with several boosts and cuts. Of those that boosted, two of those were FRA and BGT.

FRA And BGT: Distribution Boosts And Wide Discounts

Floating rate debt should perform well as interest rates keep rising. With higher rates being a primary concern for markets, investors can front-run this through buying funds like BGT. BGT still offers a sizable discount to NAV, although it has narrowed since April.

BGT: Floating Rate Debt Continues To Serve As A Hedge Against Rising Rates

Floating rate loans and bonds are a reasonable option when deciding how to play an inflationary or rising interest rate environment. Despite this traditional wisdom, funds that hold these loans like BGT have seen poor performance in 2022.

BGT: Value Re-Appears In This Floating Rate CEF

BGT invests in floating rate securities, and this has been a winning play throughout 2021. In the new year, I expect this asset class to perform well, but I am hesitant to recommend adding exposure at this time.

BGT: Near-Term Outlook More Modest Now

BGT is a closed-end fund focused on floating rate loans. This is an area I view positively heading forward. While I do like floating-rate loans, readers should note BGT is filled with mostly below-investment grade debt, so there are risks to this particular fund.

BGT: I See Merit To Buying Floaters

Floating rate loans are back in focus, with inflation expectations starting to rise. As yields and rates tick higher, fixed-income products suffer. Floating rate loans, by contrast, act as a hedge against this development.

BGT: A Decent Option For Floating Rate Exposure

Apollo Senior Floating Rate Fund

Blackstone Strategic Credit Fund

Blackstone Long-Short Credit Income Fund

Blackstone/GSO Senior Floating Rate Term Fund

Eagle Point Credit

Eagle Point Credit Company Inc 7.75 % Pfd Registered Shs 2016-30.10.26 Series B

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eagle Point Cr 6.75 % Notes 2017-30.09.27

Highland Income Fund

Nuveen Floating Rate Income Fund

Nuveen Credit Strategies Income Fund

Nuveen Floating Rate Income Opportunity Fund ETF

Nuveen Short Duration Credit Opportunities Fund

Nuveen Senior Income Fund

Oxford Lane Capital

Oxford Lane Capital Corp 6.75 % Cum Red Pfd Shs Series -2024-

Oxford Lane Capital Corp 7 1/2 % Term Cum Pfd Shs Series -2023-

Invesco Dynamic Credit Opportunities Fund

Invesco Senior Income Trust

Closed-End Funds: Senior Loan Funds Revisited

Pioneer Floating Rate Trust

Vertical Capital Income Fund.

Floating rate ("loan") securities have been out of favor for more than a year as investors saw interest rates plummet. The loan market looks very compelling relative to high-yield fixed coupon bonds. The avg. price is below par vs. a premium to par for bonds.

CEF Floating Rate Sector Update: Rates Are Rising Which Should Shine A Light On The Sector

Senior loan funds are showing some opportunities at some deep discounts. These funds should benefit from increasing interest rates, but that could be years before playing out.

Income Lab Ideas: Senior Loan Funds

BlackRock Muni Bond Trust

Eaton Vance Senior Floating Rate Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Like most areas of the market, the time when people dislike the sector the most is typically the best time to get in.

The Falling Out Of Love With CEFs

Credit Suisse Asset Management Income Fund

Tortoise Energy Infrastructure

Within the current strategy holdings, we like the CIK, TYG and BGT funds.

What Worked In CEFs Last Year

We think rates can move higher in 2020, and BGT is a good option among CEFs to lower portfolio duration.

BlackRock Floating-Rate Income Trust: 7.6% Yield, With Protection From Rising Rates

Alpine Total Dynamic Dividend Fund

Ares Dynamic Credit Allocation Fund

Barings Global Short Duration High Yield Fund

Brandywine Global Income Opportunities Fund Inc

BlackRock Maryland Municipal Bond Trust

MFS High Yield Municipal Trust

Dreyfus High Yield Strategies Fund

Western Asset High Yield Defined Opportunity Fund Inc

KKR Income Opportunities Fund

Pioneer Municipal High Income Advantage Trust

BlackRock MuniYield Investment Fund

BlackRock MuniYield Arizona Fund Inc

Neuberger Berman New York Municipal Fund

Nuveen Texas Quality Municipal Income Fund

Nuveen Michigan Quality Municipal Income Fund

PIMCO Dynamic Income Fund

Only funds with coverage >100% are considered.

The Chemist's Quality Closed-End Fund Report: September 2019

Floating rate is the quintessential barometer by retail investors on rate sentiment. Right now, they are pulling money out of floaters due to the dovish Fed tilt.

Assessing If The Time Is Right To Get Into Floating Rate

First Trust Intermediate Duration Preferred & Income Fund

John Hancock Tax-Advantaged Dividend Income Fund

Principal Real Estate Income Fund

Reaves Utility Income Fund

For income investors, closed-end funds are an attractive investment class that covers a variety of asset classes and promises high distributions and a reasonable total return.

5 Best CEFs To Buy For October 2019

News for BlackRock Floating Rate Income Trust ETF (BGT)