BlackRock Floating Rate Income Trust (BGT) Interest Expense
The interest expense for BlackRock Floating Rate Income Trust (BGT) is $3.71 Million with a year-over-year change of -28.76%. Interest expense is the cost a company incurs for borrowed funds, including interest on bonds, loans, and other forms of debt financing.
BGT Interest Expense Chart
Current Interest Expense
$3.71M
$3.71 Million
Year-over-Year Change
-28.76%
vs. $5.21M prior year
Historical Data
14
Years of data available
Annual Interest Expense History
| Year | Interest Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $3.71M | $-1.50M | -28.76% |
| 2024 | $5.21M | $-293,697 | -5.34% |
| 2023 | $5.50M | +$2.55M | +86.26% |
| 2022 | $2.95M | +$1.70M | +135.85% |
| 2021 | $1.25M | $-331,864 | -20.95% |
| 2020 | $1.58M | $-2.51M | -61.29% |
| 2019 | $4.09M | +$409,115 | +11.11% |
| 2018 | $3.68M | +$1.24M | +50.49% |
| 2017 | $2.45M | +$2.45M | — |
| 2016 | $0 | +$0 | — |
| 2015 | $0 | +$0 | — |
| 2014 | $0 | +$0 | — |
| 2013 | $0 | +$0 | — |
| 2012 | $0 | — | — |
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