BlackRock Floating Rate Income Trust (BGT) Share Buybacks
The buybacks for BlackRock Floating Rate Income Trust (BGT) is $624,592 with a year-over-year change of +48.81%. Share buybacks (stock repurchases) represent cash spent by the company to buy back its own shares in the open market, reducing shares outstanding and returning capital to shareholders.
BGT Buybacks Chart
Current Buybacks
$624,592
$624,592
Year-over-Year Change
+48.81%
vs. $419,729 prior year
Historical Data
4
Years of data available
Annual Buybacks History
| Year | Buybacks | YoY Change | % Change |
|---|---|---|---|
| 2023 | $624,592 | +$204,863 | +48.81% |
| 2021 | $419,729 | $-5.64M | -93.07% |
| 2020 | $6.06M | $-1.71M | -22.01% |
| 2019 | $7.77M | — | — |
About BlackRock Floating Rate Income Trust
BlackRock Floating Rate Income Trust, an investment vehicle established in the United States on August 30, 2004 (originally known as BlackRock Global Floating Rate Income Trust), operates as a closed-end mutual fund concentrating on fixed income. Jointly managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc., under the umbrella of BlackRock Inc., the Trust strategically allocates capital to fixed income instruments across international markets, with a significant emphasis on opportunities within the United States. Its portfolio primarily comprises corporate bonds issued by companies spanning various sectors. A key characteristic of its investment strategy is maintaining an average effective portfolio duration of no more than 1.5 years.
- Sector
- Financial Services
- Industry
- Asset Management - Income
- CEO
- Charles Choon Sik Park