BGT: Little Chance Of Outsized Returns, But Risks Are Manageable [Seeking Alpha]
BlackRock Floating Rate Income Trust (BGT)
US:NYSE Investor Relations:
blackrock.com/investing/products/240195/blackrock-floating-rate-income-trust-usd-fund
Company Research
Source: Seeking Alpha
BGT's performance has been reasonable since late 2023, but it has lagged equities and performed in line with other high-yield debt funds. The fund's discounted market price remains a positive attribute for valuation-focused investors seeking income in the current environment. But defaults and distressed debt levels have me concerned. Klaus Vedfelt/DigitalVision via Getty Images Main Thesis and Background The purpose of this article is to evaluate the BlackRock Floating Rate Income Trust ( BGT ) as an investment option at its current market price. The fund's objective is More on my IG service Consider the Income Lab This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BGT over the next 72 hours. I wrote this article myself, and it expresses my own
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