BlackRock Floating Rate Income Trust is a closed-end investment fund/investment trust. The company's investment objective is to provide high level of current income and secondary objective to seek the preservation of capital. Read More It seeks to achieve investment objectives by investing primarily, under normal conditions, at least 80% of its assets in floating and variable rate instruments of U. S. and non-U. S. issuers, including a substantial portion of its assets in global floating and variable rate securities including senior secured floating rate loans made to corporate and other business entities. The company was founded on August 30, 2004 and is headquartered in New York, NY.