BGT News and Press, BlackRock Floating Rate Income Trust From 10/06/22

BlackRock Floating Rate Income Trust ( NYSE: BGT ) declares $0.0781/share monthly dividend , 20.7% increase from prior dividend of $0.0647. Forward yield 8.54% Payable Oct. 31; for shareholders of record Oct. 14; ex-div Oct. 13. See BGT Dividend Scorecard...

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurc...

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. Credit risk re...

BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the “Funds”) during the quarter ended June 30, 2022. The Funds have authorized open market share repurchase programs (the “Repurchase Programs”) pursuant ...

BlackRock Floating Rate Income Trust (NYSE:BGT) had declared $0.0647/share monthly dividend, in line with previous. Payable May 31; for shareholders of record May 16; ex-div May 13. See BGT Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: BlackRock Floati...

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. The reasons are multi-fold. The underlying...

Interest rates have risen sharply since the start of the year, causing some pain in the markets and a significant rise in the VIX. With the VIX up sharply, we risk seeing discounts widen from here given how tight they are. But with interest rates rising across the curve, discounts...

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. Inflation expectations are starting to moderate. A key reason for thi...

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. Despite the lower...

As we approach the end of 2021, I am starting to think ahead to the new year. The Covid-19 pandemic has accelerated some trends that I believe will continue in the short and longer term, such as e-commerce and corporate technology investment. With rates at historic lows, they are ...