bgt.htm
 
 

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
RULE 23C-2 NOTICE OF INTENTION TO REDEEM SECURITIES
 
of
 
BlackRock Floating Rate Income Trust
100 Bellevue Parkway
Wilmington, DE 19809
(888) 825-2257
 
under the
 
Investment Company Act of 1940
 
Investment Company Act File No. 811-21566
 
 
1.
Title of the class of securities of BlackRock Floating Rate Income Trust (the "Fund") to be redeemed:
 
Auction Preferred Shares, liquidation preference $25,000 per share, as identified by series and CUSIP in Annex A hereto (the "Shares").
 
2.
The date on which the securities are to be called or redeemed:
 
See Annex A for the dates on which Shares of each series are to be redeemed (the "Redemption Date").
 
3.
The applicable provisions of the governing instrument pursuant to which the securities are to be called or redeemed:
 
The Shares are to be redeemed pursuant to Section 10(a) of the Fund's Statement of Preferences.
 
4.
The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:
 
The Fund intends to redeem all outstanding Shares.

 
 
 

SIGNATURE

Pursuant to the requirement of Rule 23c-2 of the Investment Company Act of 1940, the Fund has duly caused this Notice of Intention to Redeem Securities to be signed on its behalf by the undersigned on this 16th day of November, 2010.

 
BLACKROCK FLOATING RATE INCOME TRUST
   
 
By:
/s/ Neal J. Andrews
  
 
Name:
Neal J. Andrews
 
Title:
Chief Financial Officer



 
 
 

Annex A

Series
CUSIP
Redemption Date
Total Shares to be Redeemed
Aggregate Principal Amount to be Redeemed
T7
091941203
December 8, 2010
    784
$19,600,000
W7
091941302
December 9, 2010
    784
$19,600,000
R7
091941401
December 10, 2010
    784
$19,600,000