BGT News and Press, BlackRock Floating Rate Income Trust From 08/25/21

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 ...

Senior loan funds are showing some opportunities at some wide discounts. These funds should benefit from increasing interest rates, but that could be years before playing out. Be aware of certain other risks in these investments, as well as the other benefits they can provide. ...

Debt investments with floating rates, typically funds that focus on senior loan investments, should do well when rates rise. We know that the next logical step for interest rates is for the Fed to increase rates, this should happen over the next couple of years. FRA is at an attra...

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 sports a nice discount to NAV and holds predominately ...

There are three primary things that I see a lot of newer CEF investors get hung up on; return of capital, section 19a and data aggregators distribution classifications. All three of these have to do with the tax character of the distributions and the mistakes that can be made. The...

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. Be aware of certain other risks in these investments, as well as the other benefits they can provide. ...

The capital return program had a hiccup with 2020's volatile year. Winding down the fund's capital return program will see decreasing distribution throughout this third and final year. Overall, one would need to be optimistic on senior loans to consider getting involved with this ...

The loan space continues to see inflows which should be supportive of NAVs. As NAVs increase, they can increase leverage supporting distributions. Loan funds remain one of the cheapest asset classes in the CEF spectrum with five-year z-scores that are barely positive. We like KIO ...

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. In addition, we captu...

The parallels to 2017 and early 2018 and now are very clear. We have a new administration with single party control of Congress. We are likely to see significant fiscal stimulus driving GDP growth. The results are that a steepening yield curve and a rotation in the markets could b...