Business Description
Launched in 2004 and based in the United States, BlackRock Floating Rate Income Trust is a closed-end fund that puts money into corporate bonds across a wide range of industries, with a primary focus on the U.S. market. The fund is run jointly by BlackRock Advisors LLC and BlackRock Financial Management Inc., both part of BlackRock Inc. To reduce sensitivity to interest rate changes, the fund keeps the average duration of its bond holdings at no more than 1.5 years.
