BGT: A Very Good Floater CEF That Should Perform Well For Longer Than Market Thinks [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
The BGT closed-end fund has outperformed major bond indices and even the S&P 500 over the past three years. The fund primarily invests in below-investment-grade floating-rate debt securities, which may carry higher risk but also higher yields. The fund is fully covering its distribution with net investment income, and rates may remain high for an extended period so it should be sustainable. BGT is currently trading at a slight premium, but the shares deserve a buy rating if they swing to a discount on net asset value. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The BlackRock Floating Rate Income Trust Fund NYSE: BGT ) is a closed-end fund, or a CEF, that income-focused investors can purchase in order to achieve their goals. As is the case with most floating-rate funds, the yield on this one is quite attractive right now. For example, here is how the BlackRock Floating
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BGT
Sec Filings
- 3/14/24 - Form N-CEN
- 3/6/24 - Form N-CSR
- 2/26/24 - Form NPORT-P
- BGT's page on the SEC website