Fund Description: The BlackRock Limited Duration Income Trust is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The BlackRock Limited Duration Income Trust seeks to provide current income and capital appreciation. TRUST STRATEGY: The Fund seeks to achieve its investment objective by investing primarily in three distinct asset classes: 1. intermediate duration, investment grade corporate bonds, mortgage-related securities, asset-backed securities and US Government and agency securities; 2. senior, secured floating rate loans made to corporate and other business entities; and 3. US dollar-denominated securities of US and non-US issuers rated below investment grade and, to a limited extent, non-US dollar denominated securities of non-US issuers rated below investment grade. The Fund’s portfolio normally has an average portfolio duration of less than five years (including the effect of anticipated leverage), although it may be longer from time to time depending on market conditions. The Fund may invest directly in such securities or synthetically through the use of derivatives. TRUST MANAGEMENT: The Fund's Investment Advisor is BlackRock Advisors LLC and the sub-advisor is BlackRock Financial Management, Inc.