BlackRock Floating Rate Inc Trust (NYSE:BGT)
Investment trust
Trust Info
- Market Cap$277.769m
- OCF-
- AIC sector-
- Manager GroupBlackRock
- Currency
- ISINUS0919411043
Investment Strategy
Invests primarily in floating rate securities, including a significant portion in senior, non-investment grade secured floating rate loans. At least 80% of the assets will be invested in U.S. and non-U.S. floating rate securities.
The Fund will not be restricted to invest a specific percentage of its assets in non-U.S. securities or in securities across a minimum number of non-U.S. countries. Substantially all of the portfolio will consist of non-investment grade debt securities. It will employ up to 38% leverage through borrowing funds or issuing preferred shares.
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