BLACKROCK FLOATING RATE INCOME TRUST (BGT) filed an initial ownership report indicating that Francis C. Mahoney is a director of the trust. The Form 3 does not report any insider transactions or any specific holdings of the trust’s securities at this time.
BLACKROCK FLOATING RATE INCOME TRUST identifies Charles Park as its Chief Compliance Officer in a new insider ownership report. Park previously held this role from June 6, 2014 to June 30, 2023 and has been reappointed effective August 1, 2026. No securities holdings or transactions are reported.
BlackRock Floating Rate Income Trust (BGT) and related BlackRock closed-end funds provide updated shareholder information, including added management discussion for BGT. The Trusts operate under managed distribution plans that target steady monthly payouts, even when part of those distributions are classified as return of capital.
For BGT, the current distribution rate on the $11.33 market price was 12.74% as of December 31, 2025, with annualized distributions of $1.443360 per share and leverage of 17%. One‑year total return at NAV was 6.14%, while the market-price return was -0.73%, reflecting a move from premium to discount. The portfolio emphasized credit-sensitive, floating-rate exposure, with 88.6% of total investments in floating rate loan interests and significant weights in B and BB rated credits.
Across the complex, other trusts (BHK, HYT, BTZ) reported combination income/return‑of‑capital distributions and detailed how leverage, derivatives and sector tilts in corporates, securitized assets and loans influenced 2025 performance.
BlackRock Floating Rate Income Trust (BGT) and three affiliated closed-end funds filed certified shareholder reports for the period ended 12/31/2025. The reports disclose distribution mechanics, portfolio composition, leverage levels and year-end performance metrics.
BGT shows a 12.74% current distribution rate on a closing market price of $11.33 and an annualized distribution per share of $1.443360. BGT’s leverage was 17%; its closing market price fell 11.90% while NAV fell 5.81% for the year. The filing also details managed distribution plans, return-of-capital components and fund-level holdings and credit allocations as of 12/31/2025.
BlackRock Floating Rate Income Trust filed Post-Effective Amendment No. 1 to its Registration Statement on Form N-2 under Rule 462(d), which the amendment states "shall become effective immediately upon filing." The amendment consists only of exhibits and does not change other parts of the Registration Statement. The prospectus contemplates commencement of a proposed public offering "from time to time after the effective date of this Registration Statement." The filing includes an estimated expense table showing a $161,690 total for issuance and distribution and reports 9 record holders as of February 9, 2026.
BlackRock Floating Rate Income Trust is offering up to 17,000,000 common shares under a prospectus supplement dated February 27, 2026.
The supplement states the Trust’s last reported NAV was $11.52 and last reported NYSE sale price was $11.20 as of February 20, 2026, a discount of (2.78)%. Assuming sales at the $11.20 price, estimated net proceeds for a full sale would be approximately $188,334,854, after the stated offering load and expenses.
The offering may be conducted in negotiated transactions or at-the-market sales through a sub-placement agent, with a Distributor commission of 1.00% of gross proceeds and up to 0.80% paid to the sub-placement agent. As of February 20, 2026, the Trust had 29,824,720 common shares outstanding.
BlackRock Floating Rate Income Trust proposes to register 17,000,000 common shares for issuance pursuant to a shelf registration. The preliminary prospectus dated February 20, 2026 states the Trust may offer these common shares and subscription rights from time to time after effectiveness, with terms set in Prospectus Supplements.
The Trust reported $343,510,059 in net assets and 29,824,720 common shares outstanding as of February 13, 2026, with a reported market price of $11.33 and NAV of $11.52 per share on that date. The Prospectus notes proceeds received by the Trust will be invested according to its objectives and that offerings may be via direct sales, agents, or underwriters.
BlackRock Floating Rate Income Trust portfolio manager Carly Wilson reported several compensation-related transactions involving common stock and phantom shares. On January 30, 2026, Wilson exercised phantom share awards into 2,045.9717 common shares and then disposed of the same number of common shares at $11.45 per share, leaving no common stock directly held.
On the same date, Wilson was credited with a new grant of 2,967.2489 phantom shares at a reference value of $11.45. Footnotes explain that each phantom share is the economic equivalent of one common share but is payable in cash, not stock, and vests in equal installments over three years based on earlier and current award grant dates.