BGT Research | Milton Maxwell

BGT

BlackRock Floating Rate Income Trust

11.33

+0.06+0.53%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

313.15M

P/E (TTM)

13.02

Basic EPS (TTM)

0.87

Dividend Yield

0.13%

Recent Filings

8-K

Saba standstill deal signed

1/21/25Jan 21, 2025

BlackRock Floating Rate Income Trust signed a standstill agreement with Saba Capital Management on January 20, 2025. Saba pledges customary standstill covenants—no proxy fights, board challenges, or activist moves—while voting shares per the Board's recommendations through the 2027 annual meeting or August 31, 2027. Both sides halt public attacks. Stability reigns.

8-K

Bylaws amended for Trustee elections

10/28/16Oct 28, 2016

BlackRock Floating Rate Income Trust's Board amended and restated its bylaws on October 28, 2016, targeting Article I, Section 11 on Trustee elections. Effective immediately, the changes refine governance rules. Bylaws filed as Exhibit 3.1. No business impacts disclosed.

8-K

2011 shareholder meeting set

2/4/11Feb 4, 2011

BlackRock Floating Rate Income Trust scheduled its 2011 Annual Meeting of Shareholders for July 28, 2011, as announced February 4. Rule 14a-8 proposals due by February 28; nominations by February 14. Routine governance step. Deadlines lock in now.

8-K

Bylaws fully restated

10/29/10Oct 29, 2010

BlackRock Floating Rate Income Trust's Board amended and restated its bylaws in full on October 25, 2010, effective October 28. The changes modernize governance for this closed-end fund. Bylaws attached as Exhibit 3.1. No business impacts disclosed.

8-K

Bylaws restated for uniformity

10/7/08Oct 7, 2008

BlackRock Global Floating Rate Income Trust restated its bylaws effective May 29, 2008, standardizing them across BlackRock's closed-end funds, enabling Direct Registration System eligibility, and adding advance notice rules for shareholder proposals—effective post-2008 annual meeting. No financial impacts disclosed. Governance tightened.

About

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors. It invests in corporate bonds with average effective duration of its portfolio will be no more than 1.5 years. The fund was formerly known as BlackRock Global Floating Rate Income Trust. BlackRock Floating Rate Income Trust was formed on August 30, 2004 and is domiciled in the United States.

CEO

Mr. Charles Choon Sik Park

IPO

8/30/2004

Website

https://www.blackrock.com/investing/products/240195/blackrock-floating-rate-income-trust-usd-fund

Sector

Financial Services

Industry

Asset Management