BGT: Earnings Unlikely To Improve As Long As Interest Rates Are High (Rating Downgrade)

January 30, 2026 12:44:52 pm

Source: SeekingAlpha

2026-01-30 12:44:52 ET

Overview

As interest rates remain elevated, there are growing concerns around the health of the debt markets. When I previously covered BlackRock Floating Rate Income Trust Fund ( BGT ), I issued a hold rating due to the poor dividend coverage. Since my last coverage, BGT has released an updated semi-annual report that prompted me to revisit the fund's performance and overall value proposition. Unfortunately, there are not any signs of improvement and I believe that the fund continues to trade at an unreasonable price to NAV valuation....

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BGT: Earnings Unlikely To Improve As Long As Interest Rates Are High (Rating Downgrade)