Fund Description: BlackRock Global Floating Rate Income Trust is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The BlackRock Global Floating Rate Income Trust seeks to provide a high level of current income. The Trust’s secondary investment objective is to seek the preservation of capital. TRUST STRATEGY: The Trust pursues its investment objectives by investing in a global portfolio of primarily floating and variable rate securities. The Trust will invest at least 80% of its Managed Assets in floating and variable rate instruments of U.S. and non-U.S. issuers, including a substantial portion of its assets in senior, secured loans made to corporate and other business entities. The Trust may also invest up to 20% of its Managed Assets in fixed rate instruments of U.S. and non-U.S. issuers, including developed and emerging markets debt, investment grade and high yield corporate debt, sovereign debt, and mortgage-backed and asset-backed securities. Under normal market conditions, the Trust expects to invest at least 30% of its Managed Assets in securities of non-U.S. issuers. Because of the protective features of senior loans (being both senior in a borrower's capital structure and secured by specific collateral), BlackRock believes, based on its experience, that senior loans tend to have more favorable loss recovery rates compared to most other types of below investment grade obligations which are subordinated and unsecured. TRUST MANAGEMENT: BlackRock Advisors LLC serves as the Trust's investment advisor and BlackRock Financial Management, Inc., serves as the sub-advisor.