BLACKROCK FLOATING RATE INCOME TRUST

BlackRock Floating Rate Income Trust is a closed-end fixed income mutual fund managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. The fund invests primarily in floating rate corporate bonds across diversified sectors, with a geographic focus on the United States, though it maintains exposure to global fixed income markets. By design, the fund maintains an average effective duration of no more than 1.5 years, positioning it to benefit from floating rate structures and limiting interest rate sensitivity.

The fund generates returns through interest income and capital appreciation on its bond holdings, with distributions paid to shareholders. Established in August 2004 and domiciled in the United States, the fund operates as a vehicle for retail and institutional investors seeking floating rate income exposure. BlackRock Inc., the parent company managing the fund, is headquartered in New York and operates as a major global asset manager with substantial scale in investment management services across equities, fixed income, and alternatives.