BlackRock Floating Rate Income Trust lends through floating-rate credit investments. Borrower interest resets with market rates, which helps explain both its income opportunity and its sensitivity to credit and financing conditions.
Business
Floating-rate credit CEF
Listing
BGT · New York Stock Exchange
Reporting period
2026-06-30
Dividend schedule
Monthly
How the business works
Interest from floating-rate loans and other credit holdings is recurring income. Fund expenses and financing reduce what is available to common shareholders; weaker borrowers can affect both income and NAV.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.36
Jan 1, 2026 to Jun 30, 2026
$0.00$0.36
Distribution yield13.43%Sourced distributions divided by dated market priceReported annual income yield7.68%Reported net investment income $0.8700 per share for 2025-01-01 to 2025-12-31, divided by approved 2025-12-31 market price $11.3300. Excludes capital gains; historical, not a current yield or forecast.Reported annual investment income$0.87Per share for 2025 FY. Excludes investment gains.Annual dividend$1.44Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Sep 30, 2026
$0.12028
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
How to read BGT income
Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Watch defaults, interest-rate changes and expenses. Income can hold up while falling bond or loan values reduce NAV.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Financial snapshot: 2026-06-30. Research reviewed 2026-09-21. Compare results for the reporting periods shown. Historical results are not a forecast.
The assets it owns
$332.638 million net assets at June30,2026Nine funded-investment categories
Funded investments421.454237million exceed net assets because of leverage and other liabilities. Unfunded loan commitments and other non-investment assets are excluded from the allocation.
Floating-rate loans88.938263301883%
Fixed-rate loans0.3131521489485%
Corporate bonds1.7900745413552%
Asset-backed securities0.23815634341339%
Common stocks0.20627577650857%
Investment companies7.9328503701815%
Preferred stocks0.074326931016237%
Warrants0.00011151863209291%
Money market funds0.50678906806197%
Percent of funded investment fair value, not net assets or loan notional exposure, at June30,2026.
For the six months ended June 30, 2026, BGT reported $0.36 of net investment income per share and $0.72 of distributions. Recurring income covered half the cash paid. Gains and other distribution sources should be examined separately.
Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 0.13%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
BlackRock Floating Rate Income Trust reported $0.3600 per share for 2026-01-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in corporate floating-rate loans can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next matching income and distribution totals. Then check loan credit quality, rate resets, borrowing costs and NAV for the reason behind any change.
Net asset value (NAV)
NAV per share$10.98Sep 29, 2026Market price$10.52Sep 29, 2026PREMIUM / DISCOUNT TO NAV4.19% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Compare the next matching income and distribution totals. Then check loan credit quality, rate resets, borrowing costs and NAV for the reason behind any change.
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U.S. federal · Tax year 2025
Dividend tax treatment
The company's 2025 estimate shows mainly ordinary dividends and return of capital. The mix can change from year to year.
Ordinary, nonqualified
60.11%
Qualified dividends
0%
Capital-gain distributions
0%
Return of capital
39.89%
This 2025 estimate gives you a useful sense of where the cash may land for tax purposes. It may differ from the final forms. Think of it as a guide to the year, then use your own tax statement for the final split.
The company calls this breakdown an estimate. The company explicitly calls these amounts estimates and says they are not for tax reporting. Actual tax character depends on each shareholder's Form 1099-DIV. Never mark these rows final. Your Form 1099-DIV may show a different final mix. See the company's estimate.
Tax year: 2025.
Tax details and source
Total ordinary dividends (includes qualified)
60.11%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
Not confirmed
Reporting form
Form 1099-DIV
Source date
Not stated
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
