BGT News and Press, BlackRock Floating Rate Income Trust From 07/10/23

2023-07-10 02:42:34 ET Summary 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 l...

2023-07-04 10:51:01 ET BlackRock Floating Rate Income Trust Fund ( NYSE: BGT ) declared $0.1136/share monthly dividend , in line with previous. Forward yield 11.49% Payable July 31; for shareholders of record July 14; ex-div July 13. See BGT Dividend Scorecar...

2023-06-14 06:50:21 ET Summary 22 out of 22 CEF sectors positive on price and 21 out of 22 sectors positive on NAV last week. BlackRock senior loan CEFs boost distribution. DCF cuts its distribution. Author’s note: This article was released to CEF/ETF Income...

2023-06-05 14:50:57 ET Summary Floating rate funds, such as BlackRock Floating Rate Income Strategies Fund, have benefited from the Fed's interest rate hikes and could still be a worthwhile investment option. The fund's discount has narrowed recently but still represents a fairly ...

2023-05-10 10:51:57 ET Summary 16 out of 22 CEF sectors positive on price and 14 out of 22 sectors positive on NAV last week. BlackRock Inc. share repurchase update. Voluntary share repurchases show alignment between managers and shareholders. Author's note: This a...

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" . The updated release reads: BLACKROCK CLOSED-END FUND SHARE REPURCHASE P...

2023-04-04 06:39:34 ET BlackRock Floating Rate Income Trust Fund ( NYSE: BGT ) declares $0.1083/share monthly dividend , in line with previous. Forward yield 11.49% Payable April 28; for shareholders of record April 14; ex-div April 13. See BGT Dividend Score...

2023-03-16 08:03:51 ET Summary 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. BlackRock senior loan CEFs (FRA/BGT) boost distributions, but equity and muni funds cut. ...

2023-03-13 09:00:00 ET Summary As the Fed looks to continue to raise interest rates in 2023, floating rate funds like JRO stand to benefit and offer well-covered high yield income. At a discount to NAV of more than -10% and a monthly distribution of $0.074 yielding 11%, JRO is a B...

2023-03-05 09:15:00 ET Summary XFLT yields 12.64% and pays monthly. We cover several other monthly floating rate CEFs. Performance, yields, and current discounts are compared for all of these funds. Looking for ways to benefit from floating rates? There are a number of f...