BGT News and Press, BlackRock Floating Rate Income Trust From 11/24/23

2023-11-24 21:45:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Health Sciences Term Trust (NYSE: BMEZ) and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) pay month...

2023-10-21 00:21:49 ET Summary The 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 i...

BlackRock Advisors, LLC (“BlackRock”) released today share repurchase activity for certain BlackRock-advised closed-end funds (the “Funds”) during the quarter ended September 30, 2023. The Funds have authorized open market share repurchase programs (the “Repurch...

2023-10-03 12:08:26 ET More on BlackRock Floating Rate Income Trust BGT: A Year Later, The Buy Case For Floaters Persists BGT: Amortizing 'Return Of Principal' Loan Fund Dividend scorecard for BlackRock Floating Rate Income Trust For further details see: ...

2023-09-25 12:00:16 ET Summary Interest rates are likely to remain elevated due to the strong U.S. economy, despite inflation concerns. The U.S. debt has reached a record high, and fears of a government shutdown are exacerbating market concerns. Investing in CEFs that hold flo...

2023-09-12 09:30:00 ET Summary Global investors are increasingly putting their funds into US equities and bonds due to the US's strong market performance and resilience in the face of global economic challenges. Non-US investors, particularly in China, are rotating out of their ow...

2023-08-17 11:03:07 ET Summary 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 highe...

2023-07-15 08:55:25 ET Summary 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 rema...

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...