UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number:_____811-21566________________________

____BlackRock Global Floating Rate Income Trust____
(Exact name of Registrant as specified in charter)

100 Bellevue Parkway, Wilmington, DE
19809
(Address of principal executive offices)
(Zip code)
   

Robert S. Kapito, President
BlackRock Global Floating Rate Income Trust
40 East 52nd Street, New York, NY 10022
(Name and address of agent for service)

Registrant's telephone number, including area code:      888-825-2257_____________

Date of fiscal year end:___
  December 31, 2006_________________________________

Date of reporting period:__
December 31, 2006_________________________________


Item 1. Reports to Stockholders.
The Registrant’s annual report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 is as follows:




 

 

 

 

 

 

 

 

 

 

 

ALTERNATIVES

 

BLACKROCK SOLUTIONS

 

EQUITIES

 

FIXED INCOME

 

LIQUIDITY

 

REAL ESTATE


 

 

 

 

BlackRock

(BLACKROCK)

Closed-End Funds

 

 

 

ANNUAL REPORT | DECEMBER 31, 2006

 

 

 

 

 

 

 

 

 

BlackRock Global Floating Rate Income Trust (BGT)

 

 

 

BlackRock High Income Shares (HIS)

 

 

 

BlackRock Preferred Opportunity Trust (BPP)

 


 

NOT FDIC INSURED

MAY LOSE VALUE

NO BANK GUARANTEE




TABLE OF CONTENTS

 

 

Letter to Shareholders

1

 

 

Trusts’ Summaries

2

 

 

Financial Statements

 

 

 

Portfolios of Investments

5

 

 

Statements of Assets and Liabilities

33

 

 

Statements of Operations

34

 

 

Statements of Cash Flows

35

 

 

Statements of Changes in Net Assets

36

 

 

Financial Highlights

38

 

 

Notes to Financial Statements

41

 

 

Reports of Independent Registered Public Accounting Firm

47

 

 

Dividend Reinvestment Plans

48

 

 

Investment Management Agreements

49

 

 

Additional Information

54

 

 

Directors/Trustees Information

57

 

 

Section 19 Notices

60


BlackRock Privacy Principles

          BlackRock is committed to maintaining the privacy of its current and former fund investors and individual clients (collectively, “Clients”) and to safeguarding their nonpublic personal information. The following information is provided to help you understand what personal information BlackRock collects, how we protect that information and why in certain cases we share such information with select parties.

          If you are located in a jurisdiction where specific laws, rules or regulations require BlackRock to provide you with additional or different privacy-related rights beyond what is set forth below, then BlackRock will comply with those specific laws, rules or regulations.

          BlackRock obtains or verifies personal nonpublic information from and about you from different sources, including the following: (i) information we receive from you or, if applicable, your financial intermediary, on applications, forms or other documents; (ii) information about your transactions with us, our affiliates, or others; (iii) information we receive from a consumer reporting agency; and (iv) from visits to our Web sites.

          BlackRock does not sell or disclose to nonaffiliated third parties any nonpublic personal information about its Clients, except as permitted by law or as is necessary to service Client accounts. These nonaffiliated third parties are required to protect the confidentiality and security of this information and to use it only for its intended purpose.

          We may share information with our affiliates to service your account or to provide you with information about other BlackRock products or services that may be of interest to you. In addition, BlackRock restricts access to nonpublic personal information about its Clients to those BlackRock employees with a legitimate business need for the information. BlackRock maintains physical, electronic and procedural safeguards that are designed to protect the nonpublic personal information of its Clients, including procedures relating to the proper storage and disposal of such information.



LETTER TO SHAREHOLDERS

 

 

Dear Shareholder:

December 31, 2006

          We are pleased to report that during the annual period, the Trusts provided the opportunity to invest in various portfolios of fixed income securities. This report contains the Trusts’ audited financial statements and a listing of the Trusts’ holdings.

          The portfolio management team continuously monitors the fixed income markets and adjusts the Trust investments in order to gain exposure to various issuers and security types. This strategy enables the Trusts to move among different sectors, credits and coupons to capitalize on changing market conditions.

          The following table shows the Trusts’ yields, closing market prices per share and net asset values (“NAV”) per share as of December 31, 2006.

 

 

 

 

 

 

 

 

 

 

 

 









Trust (Ticker)

 

Yield1

 

Market Price

 

NAV

 









BlackRock Global Floating Rate Income Trust (BGT)

 

7.78

%

 

$

19.27

 

 

$

19.11

 









BlackRock High Income Shares (HIS)

 

8.56

 

 

 

2.55

 

 

 

2.68

 









BlackRock Preferred Opportunity Trust (BPP)

 

7.60

 

 

 

26.31

 

 

 

24.52

 










 

 

1

Yield is based on closing market price. Past performance does not guarantee future results. These yields may increase/decrease due to an increase/decrease in the monthly distribution per share.

          On September 29, 2006, BlackRock, Inc. (“BlackRock”) and Merrill Lynch Investment Managers, L.P. united to form one of the largest asset management firms in the world. Now with more than $1 trillion in assets under management, over 4,500 employees in 18 countries and representation in key markets worldwide, BlackRock’s global presence means greater depth and scale to serve you.

          BlackRock, a world leader in asset management, has a proven commitment to managing fixed income securities. As of December 31, 2006, BlackRock managed $453 billion in fixed income securities, including 32 open-end and 92 closed-end bond funds. BlackRock is recognized for its emphasis on risk management and proprietary analytics and for its reputation managing money for the world’s largest institutional investors. BlackRock Advisors, LLC, and its affiliate, BlackRock Financial Management, Inc., which manage the Trusts, are wholly owned subsidiaries of BlackRock, Inc.

          On behalf of BlackRock, we thank you for your continued confidence and assure you that we remain committed to excellence in managing your assets.

Sincerely,

 

 

(-s- LAURENCE D. FINK)

(-s- RALPH L. SCHLOSSTEIN)

 

Laurence D. Fink

Ralph L. Schlosstein

Chief Executive Officer

President

BlackRock Advisors, LLC

BlackRock Advisors, LLC

1


TRUST SUMMARIES
DECEMBER 31, 2006

BlackRock Global Floating Rate Income Trust (BGT)

 


Trust Information

 

 

 

 

 

 





Symbol on New York Stock Exchange:

 

BGT

 





Initial Offering Date:

 

August 30, 2004

 





Closing Market Price as of 12/31/06:

 

$

19.27

 

 







Net Asset Value as of 12/31/06:

 

$

19.11

 

 







Yield on Closing Market Price as of 12/31/06 ($19.27):1

 

 

7.78

%

 







Current Monthly Distribution per Share:2

 

$

0.125

 

 







Current Annualized Distribution per Share:2

 

 

$

1.500

 

 







Leverage as of 12/31/063

 

 

38

%

 








 

 

1

Yield on closing market price is calculated by dividing the current annualized distribution per share by the closing market price. Past performance does not guarantee future results.

 

 

2

The distribution is not constant and is subject to change.

 

 

3

As a percentage of managed assets (as defined in Note 2 of the Notes to Financial Statements).

The table below summarizes the Trust’s market price and NAV:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 











 

 

12/31/06

 

12/31/05

 

Change

 

High

 

Low

 













Market Price

 

$

19.27

 

$

17.16

 

12.30

%

 

$

19.35

 

$

17.05

 


















NAV

 

$

19.11

 

$

19.13

 

(0.10

)%

 

$

19.38

 

$

18.99

 


















The following unaudited charts show the portfolio composition of the Trust’s long-term investments and credit quality allocations of the Trust’s corporate bond investments:

Portfolio Composition4

 

 

 

 

 

 

 

 







Composition

 

December 31, 2006

 

December 31, 2005

 







Foreign Government Bonds

 

13

%

 

20

%

 









Financial Institutions

 

13

 

 

3

 

 









Media

 

13

 

 

10

 

 









Energy

 

10

 

 

10

 

 









Consumer Products

 

8

 

 

11

 

 









Telecommunications

 

8

 

 

6

 

 









Basic Materials

 

7

 

 

10

 

 









Health Care

 

5

 

 

6

 

 









Entertainment & Leisure

 

4

 

 

5

 

 









Containers & Packaging

 

3

 

 

2

 

 









Conglomerates

 

3

 

 

4

 

 









Technology

 

3

 

 

3

 

 









Automotive

 

2

 

 

2

 

 









Industrials

 

2

 

 

1

 

 









Building & Development

 

2

 

 

2

 

 









Real Estate

 

2

 

 

3

 

 









Aerospace & Defense

 

1

 

 

1

 

 









Transportation

 

1

 

 

 

 









Ecological Services & Equipment

 

 

 

1

 

 










Corporate Credit Breakdown5

 

 

 

 

 

 

 

 









Credit Rating

 

December 31, 2006

 

December 31, 2005

 







BBB/Baa

 

38

%

 

19

%

 









BB/Ba

 

37

 

 

54

 

 









B

 

19

 

 

22

 

 









CCC/Caa

 

6

 

 

5

 

 










 

 

4

For Trust compliance purposes, the Trust’s sector and industry classifications refer to any one or more of the Standard Industry Codes as defined by the Securities and Exchange Commission (“SEC”). This definition may not apply for purposes of this report, which may combine sector and industry sub-classifications for reporting ease.

 

 

5

Using the higher of Standard & Poor’s (“S&P”), Moody’s Investors Service (“Moody’s”) or Fitch Ratings (“Fitch”) ratings. Corporate bonds represented approximately 21.6% and 20.5% of net assets on December 31, 2006 and December 31, 2005, respectively.

2



TRUST SUMMARIES
DECEMBER 31, 2006

BlackRock High Income Shares (HIS)

 


Trust Information

 

 

 

 

 

 





Symbol on New York Stock Exchange:

 

HIS

 





Initial Offering Date:

 

August 10, 1988

 





Closing Market Price as of 12/31/06:

 

$

2.55

 

 







Net Asset Value as of 12/31/06:

 

$

2.68

 

 







Yield on Closing Market Price as of 12/31/06 ($2.55):1

 

 

8.56

%

 







Current Monthly Distribution per Share:2

 

$

0.0182

 

 







Current Annualized Distribution per Share:2

 

$

0.2184

 

 







Leverage as of 12/31/063

 

 

30

%

 








 

 

1

Yield on closing market price is calculated by dividing the current annualized distribution per share by the closing market price. Past performance does not guarantee future results.

 

 

2

The distribution is not constant and is subject to change.

 

 

3

As a percentage of managed assets (as defined in Note 2 of the Notes to Financial Statements).

The table below summarizes the changes in the Trust’s market price and NAV:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 











 

 

12/31/06

 

12/31/05

 

Change

 

High

 

Low

 













Market Price

 

$

2.55

 

$

2.33

 

9.44

%

 

$

2.78

 

$

2.33

 


















NAV

 

$

2.68

 

$

2.61

 

2.68

%

 

$

2.70

 

$

2.54

 


















The following unaudited charts show the portfolio composition and credit quality allocations of the Trust’s corporate bond investments:


Corporate Portfolio Composition4

 

 

 

 

 

 

 

 







Composition

 

December 31, 2006

 

December 31, 2005

 







Telecommunications

 

14

%

 

10

%

 









Media

 

13

 

 

13

 

 









Energy

 

12

 

 

13

 

 









Basic Materials

 

11

 

 

11

 

 









Financial Institutions

 

10

 

 

9

 

 









Consumer Products

 

7

 

 

7

 

 









Technology

 

6

 

 

5

 

 









Containers & Packaging

 

5

 

 

4

 

 









Entertainment & Leisure

 

4

 

 

4

 

 









Automotive

 

4

 

 

3

 

 









Health Care

 

4

 

 

3

 

 









Industrials

 

3

 

 

10

 

 









Transportation

 

2

 

 

2

 

 









Aerospace & Defense

 

2

 

 

3

 

 









Building & Development

 

2

 

 

2

 

 









Ecological Services & Equipment

 

1

 

 

1

 

 










Corporate Credit Breakdown5

 

 

 

 

 

 

 

 







Credit Rating

 

December 31, 2006

 

December 31, 2005

 







BBB/Baa

 

3

%

 

1

%

 









Ba/BB

 

21

 

 

23

 

 









B/B

 

62

 

 

61

 

 









CCC/Caa

 

13

 

 

14

 

 









Not Rated

 

1

 

 

1

 

 










 

 

4

For Trust compliance purposes, the Trust’s sector and industry classifications refer to any one or more of the Standard Industry Codes as defined by the SEC. This definition may not apply for purposes of this report, which may combine sector and industry sub-classifications for reporting ease.

 

 

5

Using the higher of S&P, Moody’s or Fitch ratings. Corporate bonds represented approximately 134.0% and 141.8% of net assets on December 31, 2006 and December 31, 2005, respectively.

3



TRUST SUMMARIES
DECEMBER 31, 2006

BlackRock Preferred Opportunity Trust (BPP)

 


Trust Information

 

 

 

 

 

 





Symbol on New York Stock Exchange:

 

BPP

 





Initial Offering Date:

 

February 28, 2003

 





Closing Market Price as of 12/31/06:

 

$

26.31

 

 







Net Asset Value as of 12/31/06:

 

$

24.52

 

 







Yield on Closing Market Price as of 12/31/06 ($26.31):1

 

 

7.60

%

 







Current Monthly Distribution per Share:2

 

$

0.166667

 

 







Current Annualized Distribution per Share:2

 

$

2.000004

 

 







Leverage as of 12/31/063

 

 

33

%

 








 

 

1

Yield on closing market price is calculated by dividing the current annualized distribution per share by the closing market price. Past performance does not guarantee future results.

 

 

2

The distribution is not constant and is subject to change.

 

 

3

As a percentage of managed assets (as defined in Note 2 of the Notes to Financial Statements).

The table below summarizes the changes in the Trust’s market price and NAV:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 











 

 

12/31/06

 

12/31/05

 

Change

 

High

 

Low

 













Market Price

 

$

26.31

 

$

24.20

 

8.72

%

 

$

26.67

 

$

24.20

 


















NAV

 

$

24.52

 

$

24.43

 

0.37

%

 

$

24.82

 

$

23.43

 


















The following unaudited charts show the portfolio composition and credit quality allocations of the Trust’s long-term investments:


Portfolio Composition4

 

 

 

 

 

 

 

 









Composition

 

December 31, 2006

 

December 31, 2005

 







Financial Institutions

 

75

%

 

72

%

 









Real Estate

 

11

 

 

12

 

 









Energy

 

5

 

 

6

 

 









Media

 

3

 

 

2

 

 









Telecommunications

 

1

 

 

1

 

 









Basic Materials

 

1

 

 

1

 

 









U.S. Government and Agency Securities

 

1

 

 

 

 









Consumer Products

 

1

 

 

3

 

 









Technology

 

1

 

 

 

 









Industrials

 

1

 

 

1

 

 









Building & Development

 

 

 

1

 

 









Automotive

 

 

 

1

 

 










Credit Breakdown5

 

 

 

 

 

 

 

 









Credit Rating

 

December 31, 2006

 

December 31, 2005

 







AAA/Aaa

 

1

%

 

%

 









AA/Aa

 

16

 

 

13

 

 









A

 

41

 

 

39

 

 









BBB/Baa

 

28

 

 

29

 

 









BB/Ba

 

7

 

 

11

 

 









B

 

6

 

 

7

 

 









CCC/Caa

 

1

 

 

1

 

 










 

 

4

For Trust compliance purposes, the Trust’s sector and industry classifications refer to any one or more of the Standard Industry Codes as defined by the SEC. This definition may not apply for purposes of this report, which may combine sector and industry sub-classifications for reporting ease.

 

 

5

Using the higher of S&P, Moody’s or Fitch ratings.

4



 

PORTFOLIO OF INVESTMENTS

DECEMBER 31, 2006

BlackRock Global Floating Rate Income Trust (BGT)

 

(Percentage of Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Rating1
(unaudited)

 

Principal
Amount
(000)

 

Description

 

 

Value

 










 

 

 

 

 

 

 

LONG-TERM INVESTMENTS—158.9%

 

 

 

 

 

 

 

 

 

 

 

Corporate Bonds—21.6%

 

 

 

 

 

 

 

 

 

 

 

Aerospace & Defense—0.2%

 

 

 

 

B

 

 

$

671

 

 

DI Finance/DynCorp Intl., Ser. B, 9.50%, 2/15/13

 

$

711,260

 

 

 

 

 

 

 

 

Automotive—0.3%

 

 

 

 

 

 

 

 

 

 

 

AutoNation, Inc.,

 

 

 

 

BB+

 

 

 

60

 

 

7.00%, 4/15/14

 

 

60,450

 

BB+

 

 

 

70

2

 

7.374%, 4/15/13

 

 

70,350

 

BB-

 

 

 

150

2,3

 

Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 7.874%, 5/15/14

 

 

144,750

 

Caa3

 

 

 

725

2

 

Delco Remy Intl., Inc., 9.374%, 4/15/09

 

 

696,000

 

B2

 

 

 

60

2,3

 

Goodyear Tire & Rubber Co., 9.14%, 12/01/09

 

 

60,300

 

B

 

 

 

150

3

 

Lear Corp., 8.75%, 12/01/16

 

 

144,937

 

B3

 

 

 

120

 

 

Metaldyne Corp., 10.00%, 11/01/13

 

 

128,400

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Automotive

 

 

1,305,187

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Basic Materials—2.0%

 

 

 

 

B+

 

 

 

1,000

2

 

Abitibi-Consolidated, Inc., 8.86%, 6/15/11 (Canada)

 

 

950,000

 

B+

 

 

 

970

 

 

AK Steel Corp., 7.75%, 6/15/12

 

 

977,275

 

B+

 

 

 

260

2

 

Boise Cascade LLC, 8.249%, 10/15/12

 

 

260,650

 

BB-

 

 

 

2,040

2

 

Bowater, Inc., 8.36%, 3/15/10

 

 

2,060,400

 

BB+

 

 

 

10

 

 

Chemtura Corp., 6.875%, 6/01/16

 

 

9,625

 

B-

 

 

 

90

 

 

CPG Intl. I, Inc., 10.50%, 7/01/13

 

 

91,687

 

B2

 

 

 

20

 

 

Domtar, Inc., 7.125%, 8/15/15 (Canada)

 

 

19,600

 

B+

 

 

 

70

 

 

Donohue Forest Products, 7.625%, 5/15/07 (Canada)

 

 

69,825

 

Ba3

 

 

 

750

 

 

Hercules, Inc., 6.75%, 10/15/29

 

 

735,000

 

 

 

 

 

 

 

 

Ineos Group Holdings PLC (United Kingdom)

 

 

 

 

B+

 

 

 

225

 

 

7.875%, 2/15/16 (EUR)

 

 

282,903

 

B+

 

 

 

430

3

 

8.50%, 2/15/16

 

 

410,650

 

 

 

 

 

 

 

 

Lyondell Chemical Co.,

 

 

 

 

BB-

 

 

 

100

 

 

8.00%, 9/15/14

 

 

103,750

 

BB-

 

 

 

170

 

 

8.25%, 9/15/16

 

 

178,500

 

BB+

 

 

 

300

 

 

11.125%, 7/15/12

 

 

322,500

 

BB

 

 

 

30

3

 

Mosaic Co., 7.625%, 12/01/16

 

 

31,088

 

B-

 

 

 

565

 

 

Nalco Co., 8.875%, 11/15/13

 

 

598,194

 

 

 

 

 

 

 

 

NewPage Corp.,

 

 

 

 

B2

 

 

 

55

 

 

10.00%, 5/01/12

 

 

58,025

 

B2

 

 

 

1,500

2

 

11.621%, 5/01/12

 

 

1,620,000

 

B-

 

 

 

50

 

 

PQ Corp., 7.50%, 2/15/13

 

 

49,250

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Basic Materials

 

 

8,828,922

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Building & Development—0.2%

 

 

 

 

B2

 

 

 

1,000

2

 

Ainsworth Lumber Co. Ltd., 9.11%, 10/01/10 (Canada)

 

 

845,000

 

B-

 

 

 

20

 

 

Goodman Global Holding Co., Inc., 7.875%, 12/15/12

 

 

19,650

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Building & Development

 

 

864,650

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Commercial Services—0.0%

 

 

 

 

B-

 

 

 

70

2,3

 

NCO Group, Inc., 10.244%, 11/15/13

 

 

69,650

 

B+

 

 

 

100

3

 

Quebecor World, Inc., 9.75%, 1/15/15 (Canada)

 

 

100,948

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Commercial Services

 

 

170,598

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Consumer Products—1.0%

 

 

 

 

B3

 

 

 

45

 

 

ALH Finance LLC, 8.50%, 1/15/13

 

 

44,213

 

CCC+

 

 

 

1,100

2

 

Ames True Temper, Inc., 9.374%, 1/15/12

 

 

1,116,500

 

B-

 

 

 

75

 

 

Finlay Fine Jewelry Corp., 8.375%, 6/01/12

 

 

71,812

 

B-

 

 

 

388

 

 

Lazy Days RV Center, Inc., 11.75%, 5/15/12

 

 

370,540

 

B

 

 

 

180

2

 

Levi Strauss & Co., 10.11%, 4/01/12

 

 

184,725

 

B2

 

 

 

210

3

 

Michaels Stores, Inc., 10.00%, 11/01/14

 

 

218,400

 

B3

 

 

 

530

2,3

 

Nutro Products, Inc., 9.40%, 10/15/13

 

 

548,550

 

B+

 

 

 

80

3

 

Quebecor World Capital Corp., 8.75%, 3/15/16 (Canada)

 

 

76,600

 

BB+

 

 

 

2,000

 

 

Reynolds American, Inc., 7.625%, 6/01/16

 

 

2,119,068

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Consumer Products

 

 

4,750,408

 

 

 

 

 

 

 

 

 

 



 

See Notes to Financial Statements.

5



BlackRock Global Floating Rate Income Trust (BGT) (continued)

 

(Percentage of Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Rating1
(unaudited)

 

Principal
Amount
(000)

 

Description

 

 

Value

 










 

 

 

 

 

 

 

Containers & Packaging—0.2%

 

 

 

 

 

 

 

 

 

 

 

Berry Plastics Holding Corp.,

 

 

 

 

B2

 

 

$

110

3

 

8.875%, 9/15/14

 

$

111,650

 

B2

 

 

 

500

2,3

 

9.235%, 9/15/14

 

 

506,250

 

B1

 

 

 

150

2,3

 

Impress Holdings BV, 8.512%, 9/15/13

 

 

151,034

 

B+

 

 

 

215

 

 

Smurfit-Stone Container Enterprises, Inc., 9.75%, 2/01/11

 

 

221,719

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Containers & Packaging

 

 

990,653

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Ecological Services & Equipment—0.1%

 

 

 

 

BB-

 

 

 

625

 

 

Allied Waste NA, Inc., Ser. B, 5.75%, 2/15/11

 

 

604,687

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Energy—8.0%

 

 

 

 

BB+

 

 

 

750

3

 

AES Corp., 9.00%, 5/15/15

 

 

806,250

 

B+

 

 

 

65

 

 

ANR Pipeline Co., 9.625%, 11/01/21

 

 

86,257

 

CCC+

 

 

 

135

 

 

Chaparral Energy, Inc., 8.50%, 12/01/15

 

 

134,325

 

BB-

 

 

 

70

 

 

Compagnie Generale de Geophysique SA, 7.50%, 5/15/15 (France)

 

 

70,350

 

B1

 

 

 

375

 

 

El Paso Production Holding Co., 7.75%, 6/01/13

 

 

392,344

 

Ba3

 

 

 

505

 

 

Foundation Pennsylvania Coal Co., 7.25%, 8/01/14

 

 

513,837

 

BBB

 

 

 

14,430

 

 

Gazprom OAO, 9.625%, 3/01/13 (Germany)

 

 

17,194,788

 

BB+

 

 

 

40

 

 

Grant Prideco, Inc., Ser. B, 6.125%, 8/15/15

 

 

39,000

 

B-

 

 

 

730

 

 

KCS Energy, Inc., 7.125%, 4/01/12

 

 

709,925

 

 

 

 

 

 

 

 

Pemex Project Funding Master Trust,

 

 

 

 

BBB

 

 

 

800

4

 

9.375%, 12/02/08

 

 

856,000

 

Baa1

 

 

 

12,700

2

 

Ser. 15, 7.174%, 10/15/09

 

 

13,169,900

 

 

 

 

 

 

 

 

Reliant Energy, Inc.,

 

 

 

 

BB-

 

 

 

180

 

 

6.75%, 12/15/14

 

 

175,950

 

BB-

 

 

 

750

 

 

9.25%, 7/15/10

 

 

787,500

 

B+

 

 

 

220

3

 

SemGroup LP, 8.75%, 11/15/15

 

 

221,100

 

B1

 

 

 

300

 

 

Whiting Petroleum Corp., 7.25%, 5/01/13

 

 

300,750

 

BB+

 

 

 

490

 

 

Williams Cos., Inc., 8.75%, 3/15/32

 

 

553,700

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Energy

 

 

36,011,976

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Entertainment & Leisure—0.1%

 

 

 

 

CCC+

 

 

 

130

3

 

Greektown Holdings LLC, 10.75%, 12/01/13

 

 

135,850

 

B

 

 

 

60

3

 

Pokagon Gaming Authority, 10.375%, 6/15/14

 

 

65,700

 

BB-

 

 

 

25

 

 

Poster Financial Group, Inc., 8.75%, 12/01/11

 

 

25,938

 

 

 

 

 

 

 

 

TDS Investor,

 

 

 

 

Caa1

 

 

 

215

3

 

9.875%, 9/01/14

 

 

216,075

 

Caa1

 

 

 

15

3

 

11.875%, 9/01/16

 

 

15,375

 

BB-

 

 

 

20

 

 

Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 6.625%, 12/01/14

 

 

19,875

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Entertainment & Leisure

 

 

478,813

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Financial Institutions—3.8%

 

 

 

 

B+

 

 

 

91

 

 

AES Ironwood LLC, 8.857%, 11/30/25

 

 

102,327

 

Ba2

 

 

 

2,000

 

 

Alrosa Finance Ltd., 8.125%, 5/06/08 (Luxembourg)

 

 

2,055,660

 

BB+

 

 

 

140

 

 

American Real Estate Partners LP/American Real Estate Finance Corp., 7.125%, 2/15/13

 

 

140,700

 

B-

 

 

 

100

3

 

Britannia Bulk PLC, 11.00%, 12/01/11 (United Kingdom)

 

 

94,000

 

BB

 

 

 

630

 

 

Crum & Forster Holdings Corp., 10.375%, 6/15/13

 

 

681,975

 

 

 

 

 

 

 

 

General Motors Acceptance Corp.,

 

 

 

 

BB+

 

 

 

3,000

2

 

6.274%, 1/16/07

 

 

2,999,979

 

BB+

 

 

 

175

 

 

6.875%, 8/28/12

 

 

179,694

 

B+

 

 

 

250

3

 

Idearc, Inc., 8.00%, 11/15/16

 

 

254,688

 

Baa1

 

 

 

3,000

3

 

Kazkommertsbank Intl. BV, 8.50%, 4/16/13 (Netherlands)

 

 

3,221,250

 

BB+

 

 

 

5,455

 

 

Kazkommerts Intl. BV, 8.50%, 4/16/13 (Netherlands)

 

 

5,833,413

 

BBB

 

 

 

25

2

 

Marsh & McLennan Cos., Inc., 5.513%, 7/13/07

 

 

25,001

 

B-

 

 

 

250

3

 

Momentive Performance Materials, Inc., 10.125%, 12/01/14

 

 

251,563

 

B+

 

 

 

750

3

 

Rainbow National Services LLC, 8.75%, 9/01/12

 

 

788,437

 

B-

 

 

 

300

2

 

Universal City Florida Holding Co. I/II, 10.121%, 5/01/10

 

 

309,750

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Financial Institutions

 

 

16,938,437

 

 

 

 

 

 

 

 

 

 



 

See Notes to Financial Statements.

6



BlackRock Global Floating Rate Income Trust (BGT) (continued)

 

(Percentage of Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Rating1
(unaudited)

 

Principal
Amount
(000)

 

Description

 

 

Value

 










 

 

 

 

 

 

 

Health Care—1.0%

 

 

 

 

 

 

 

 

 

 

 

Angiotech Pharmaceuticals, Inc. (Canada)

 

 

 

 

B2

 

 

$

5

3

 

7.75%, 4/01/14

 

$

4,350

 

Ba3

 

 

 

1,750

2,3

 

9.103%, 12/01/13

 

 

1,771,875

 

CCC+

 

 

 

1,915

2,3

 

HealthSouth Corp., 11.354%, 6/15/14

 

 

2,039,475

 

B-

 

 

 

150

 

 

Tenet Healthcare Corp., 6.875%, 11/15/31

 

 

120,375

 

B-

 

 

 

600

 

 

Universal Hospital Services, Inc., 10.125%, 11/01/11

 

 

640,500

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Health Care

 

 

4,576,575

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Industrials—0.2%

 

 

 

 

BB

 

 

 

75

3

 

Bombardier, Inc., 8.00%, 11/15/14 (Canada)

 

 

76,781

 

B-

 

 

 

125

 

 

Park-Ohio Industries, Inc., 8.375%, 11/15/14

 

 

116,563

 

B3

 

 

 

210

3

 

Sunstate Equipment Co. LLC, 10.50%, 4/01/13

 

 

222,075

 

B3

 

 

 

445

 

 

Trimas Corp., 9.875%, 6/15/12

 

 

430,537

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Industrials

 

 

845,956

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Media—0.8%

 

 

 

 

B-

 

 

 

50

 

 

Affinion Group, Inc., 10.125%, 10/15/13

 

 

53,000

 

B+

 

 

 

100

2

 

Cablevision Systems Corp., Ser. B, 9.87%, 4/01/09

 

 

105,500

 

 

 

 

 

 

 

 

Charter Communications Holdings II LLC/Charter Communications Holdings II Capital Corp.,

 

 

 

 

CCC

 

 

 

680

 

 

10.25%, 9/15/10

 

 

711,450

 

CCC

 

 

 

45

 

 

Ser. B, 10.25%, 9/15/10

 

 

46,969

 

 

 

 

 

 

 

 

Echostar DBS Corp.,

 

 

 

 

BB-

 

 

 

135

 

 

6.375%, 10/01/11

 

 

134,156

 

BB-

 

 

 

1,055

 

 

7.00%, 10/01/13

 

 

1,053,681

 

BB-

 

 

 

230

 

 

7.125%, 2/01/16

 

 

230,000

 

CCC+

 

 

 

100

3

 

Iesy Repository GMBH, 10.375%, 2/15/15 (Germany)

 

 

97,125

 

B

 

 

 

80

 

 

MediaNews Group, Inc., 6.875%, 10/01/13

 

 

72,400

 

B2

 

 

 

80

 

 

Network Communications, Inc., 10.75%, 12/01/13

 

 

80,800

 

B3

 

 

 

70

 

 

Nexstar Finance, Inc., 7.00%, 1/15/14

 

 

65,800

 

CCC+

 

 

 

410

3

 

Nielsen Finance LLC/Nielsen Finance Co., 10.00%, 8/01/14

 

 

444,338

 

B1

 

 

 

350

2,3

 

Paxson Communications Corp., 8.624%, 1/15/12

 

 

354,375

 

B

 

 

 

250

 

 

RH Donnelley Corp., Ser. A-3, 8.875%, 1/15/16

 

 

262,500

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Media

 

 

3,712,094

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Real Estate—1.3%

 

 

 

 

BB+

 

 

 

6,350

 

 

Rouse Co., 5.375%, 11/26/13

 

 

5,901,722

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Technology—0.3%

 

 

 

 

B+

 

 

 

150

2,3

 

Conexant Systems, Inc., 9.126%, 11/15/10

 

 

152,625

 

 

 

 

 

 

 

 

Freescale Semiconductor, Inc.,

 

 

 

 

B

 

 

 

260

3

 

9.125%, 12/15/14

 

 

258,388

 

B

 

 

 

100

2,3

 

9.244%, 12/15/14

 

 

99,125

 

B

 

 

 

200

3

 

10.125%, 12/15/16

 

 

200,260

 

B-

 

 

 

45

3

 

Sensata Technologies BV, 8.00%, 5/01/14 (Netherlands)

 

 

43,200

 

B-

 

 

 

250

2

 

SunGard Data Systems, Inc., 9.973%, 8/15/13

 

 

259,687

 

B

 

 

 

140

 

 

Superior Essex Communications LLC/Essex Group, Inc., 9.00%, 4/15/12

 

 

145,600

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Technology

 

 

1,158,885

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Telecommunications—2.0%

 

 

 

 

BB-

 

 

 

310

 

 

Cincinnati Bell, Inc., 7.25%, 7/15/13

 

 

320,850

 

B3

 

 

 

115

2

 

Hawaiian Telcom Communications, Inc., Ser. B, 10.889%, 5/01/13

 

 

115,000

 

 

 

 

 

 

 

 

Intelsat Ltd. (Bermuda)

 

 

 

 

B

 

 

 

75

 

 

5.25%, 11/01/08

 

 

72,938

 

BB-

 

 

 

50

 

 

8.25%, 1/15/13

 

 

50,750

 

BB-

 

 

 

200

 

 

8.625%, 1/15/15

 

 

208,000

 

BB-

 

 

 

485

2

 

10.484%, 1/15/12

 

 

489,244

 

Ba2

 

 

 

1,500

 

 

Nordic Telephone Co. Holding ApS, 9.064%, 5/01/16 (EUR) (Denmark)

 

 

2,062,327

 

BB+

 

 

 

2,350

2

 

Qwest Communications Intl., Inc., 8.874%, 2/15/09

 

 

2,379,375

 

BBB-

 

 

 

2,500

2

 

Qwest Corp., 8.61%, 6/15/13

 

 

2,706,250

 

BB+

 

 

 

400

2

 

Rogers Wireless Communications, Inc., 8.485%, 12/15/10 (Canada)

 

 

408,000

 

BB

 

 

 

150

3

 

Wind Acquisition Finance SA, 10.75%, 12/01/15 (Luxembourg)

 

 

170,625

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Telecommunications

 

 

8,983,359

 

 

 

 

 

 

 

 

 

 



 

See Notes to Financial Statements.

7



BlackRock Global Floating Rate Income Trust (BGT) (continued)

 

(Percentage of Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Rating1
(unaudited)

 

Principal
Amount
(000)

 

Description

 

 

Value

 









 

 

 

 

 

 

 

Transportation—0.1%

 

 

 

 

B3

 

 

$

315

 

 

Horizon Lines LLC, 9.00%, 11/01/12

 

$

330,750

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Corporate Bonds

 

 

97,164,932

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Bank Loans—116.4%

 

 

 

 

 

 

 

 

 

 

 

Aerospace & Defense—2.0%

 

 

 

 

 

 

 

 

2,167

 

 

Caci Intl., Inc., LIBOR + 1.50%, 2/04/07

 

 

2,166,687

 

 

 

 

 

860

 

 

Camp Acquisition Co., Loan A, LIBOR + 3.00%, 8/30/11

 

 

859,996

 

 

 

 

 

985

 

 

DI Finance/DynCorp Intl., Loan B, LIBOR + 2.25%, 1/31/11

 

 

989,925

 

 

 

 

 

2,000

 

 

MRO Acquisition LLC, LIBOR + 5.25%, 9/15/11

 

 

2,012,500

 

 

 

 

 

 

 

 

Primus Intl., Inc.,

 

 

 

 

 

 

 

 

342

 

 

Loan B, 0.50%, 6/16/12

 

 

343,471

 

 

 

 

 

158

 

 

Loan B, LIBOR + 2.50%, 6/16/12

 

 

158,404

 

 

 

 

 

768

 

 

Standard Aero Holdings, Inc., LIBOR + 2.25%, 8/18/12

 

 

769,336

 

 

 

 

 

493

 

 

U.S. Investigations Services LLC, Loan B, LIBOR + 2.50%, 10/15/12

 

 

495,149

 

 

 

 

 

1,000

 

 

Wesco Aircraft Hardware Corp., LIBOR + 2.25%, 9/29/13

 

 

1,005,625

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Aerospace & Defense

 

 

8,801,093

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Automotive—3.7%

 

 

 

 

 

 

 

 

 

 

 

Goodyear Tire & Rubber Co.,

 

 

 

 

 

 

 

 

500

 

 

LIBOR + 2.75%, 4/01/10

 

 

505,625

 

 

 

 

 

1,000

 

 

LIBOR + 3.50%, 4/01/11

 

 

1,013,958

 

 

 

 

 

995

 

 

GPX Intl. Tire Corp., LIBOR + 2.50%, 3/31/12

 

 

970,125

 

 

 

 

 

743

 

 

IAP Worldwide Services, Inc., LIBOR + 3.00%, 12/30/12

 

 

727,186

 

 

 

 

 

496

 

 

Keystone Automotive, Inc., Loan C, LIBOR + 2.50%, 11/30/10

 

 

495,940

 

 

 

 

 

449

 

 

Lear Corp., LIBOR + 2.50%, 3/23/12

 

 

447,622

 

 

 

 

 

995

 

 

Mark IV Industries, Inc., LIBOR + 2.50%, 6/30/11

 

 

990,025

 

 

 

 

 

1,496

 

 

Rent-A-Center, Inc., Loan B, LIBOR + 1.75%, 6/30/12

 

 

1,496,240

 

 

 

 

 

 

 

 

Reynolds & Reynolds Co.,

 

 

 

 

 

 

 

 

2,993

 

 

LIBOR + 2.50%, 10/31/12

 

 

3,006,927

 

 

 

 

 

1,250

 

 

LIBOR + 5.50%, 10/31/13

 

 

1,264,454

 

 

 

 

 

2,986

 

 

TI Group Automotive Systems, Loan C, LIBOR + 3.25%, 6/30/11

 

 

2,874,412

 

 

 

 

 

 

 

 

TRW Automotive Acquisitions Corp.,

 

 

 

 

 

 

 

 

489

 

 

Loan B, LIBOR + 1.50%, 6/30/12

 

 

487,184

 

 

 

 

 

2,456

 

 

Loan E, LIBOR + 1.50%, 10/31/10

 

 

2,450,109

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Automotive

 

 

16,729,807

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Basic Materials—8.8%

 

 

 

 

 

 

 

 

2,346

 

 

Appleton Papers, Inc., LIBOR + 2.25%, 6/30/10

 

 

2,352,263

 

 

 

 

 

 

 

 

Basell NV,

 

 

 

 

 

 

 

 

417

 

 

Loan B2, LIBOR + 2.25%, 9/30/13

 

 

421,094

 

 

 

 

 

83

 

 

Loan B4, LIBOR + 2.25%, 8/01/13

 

 

84,219

 

 

 

 

 

417

 

 

Loan C2, LIBOR + 3.00%, 9/30/14

 

 

420,964

 

 

 

 

 

83

 

 

Loan C4, LIBOR + 3.00%, 8/01/14

 

 

84,193

 

 

 

 

 

 

 

 

Brenntag Group,

 

 

 

 

 

 

 

 

393

 

 

LIBOR + 2.50%, 1/18/14

 

 

394,445

 

 

 

 

 

1,000

 

 

LIBOR + 6.50%, 12/31/12

 

 

1,012,500

 

 

 

 

 

1,607

 

 

Loan B2, LIBOR + 2.50%, 12/31/13

 

 

1,620,835

 

 

 

 

 

500

 

 

Loan B6, LIBOR + 2.25%, 9/15/14 (EUR)

 

 

667,097

 

 

 

 

 

487

 

 

Buckeye Technologies, Inc., LIBOR + 2.00%, 4/15/10

 

 

486,492

 

 

 

 

 

2,000

 

 

Cognis Deutschland, Loan B, LIBOR + 4.75%, 11/15/13

 

 

2,040,000

 

 

 

 

 

876

 

 

Compass Minerals Group, Inc., LIBOR + 1.50%, 12/31/12

 

 

877,453

 

 

 

 

 

5,560

 

 

Huntsman Intl. LLC, Loan B, LIBOR + 1.75%, 8/16/12

 

 

5,560,841

 

 

 

 

 

 

 

 

Ineos Group Holdings PLC,

 

 

 

 

 

 

 

 

2,025

 

 

Loan A4, LIBOR + 2.25%, 12/16/12

 

 

2,031,075

 

 

 

 

 

1,715

 

 

Loan B2, LIBOR + 2.25%, 12/16/13

 

 

1,730,721

 

 

 

 

 

1,750

 

 

Loan C2, LIBOR + 2.75%, 12/16/14

 

 

1,766,042

 

 

 

 

 

2,718

 

 

Innophos, Inc., LIBOR + 2.25%, 8/13/10

 

 

2,724,977

 

 

 

 

 

 

 

 

Invista BV,

 

 

 

 

 

 

 

 

2,351

 

 

Loan B1, LIBOR + 1.50%, 4/30/11

 

 

2,345,402

 

 

 

 

 

1,246

 

 

Loan B2, LIBOR + 1.50%, 4/30/11

 

 

1,246,352

 

 

 

 

 

2,250

 

 

John Maneely Co., Loan B, LIBOR, 12/15/13

 

 

2,283,750

 

 

 

 

 

218

 

 

Kraton Polymers LLC, LIBOR + 2.00%, 12/15/10

 

 

217,930

 

See Notes to Financial Statements.

8



BlackRock Global Floating Rate Income Trust (BGT) (continued)

 

(Percentage of Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal
Amount
(000)

 

Description

 

 

Value

 













 

 

 

 

 

 

 

Basic Materials—(cont’d)

 

 

 

 

 

 

 

$

2,385

 

 

Nalco Co., Loan B, LIBOR + 1.75%, 11/04/10

 

$

2,392,857

 

 

 

 

 

491

 

 

PQ Corp., LIBOR + 2.00%, 2/28/12

 

 

492,683

 

 

 

 

 

494

 

 

Pregis Corp., Loan B2, LIBOR + 2.50%, 10/15/12 (EUR)

 

 

653,404

 

 

 

 

 

498

 

 

Professional Paint, Inc., LIBOR + 2.25%, 5/30/12

 

 

497,500

 

 

 

 

 

2,819

 

 

Rockwood Specialties Group, Inc., Loan E, LIBOR + 2.00%, 8/15/12

 

 

2,830,435

 

 

 

 

 

 

 

 

UPC Technology Corp. (EUR)

 

 

 

 

 

 

 

 

883

 

 

Loan J, LIBOR, 12/31/13

 

 

1,168,711

 

 

 

 

 

1,000

 

 

Loan K, LIBOR, 3/31/13

 

 

1,322,892

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Basic Materials

 

 

39,727,127

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Building & Development—2.9%

 

 

 

 

 

 

 

 

500

 

 

Armstrong World Industries, Inc., LIBOR, 10/12/13

 

 

500,750

 

 

 

 

 

1,250

 

 

Beacon Roofing Supply, Inc., Loan B, LIBOR + 2.00%, 10/31/13

 

 

1,250,000

 

 

 

 

 

495

 

 

Contech Construction Products, Inc., LIBOR + 2.00%, 2/15/12

 

 

494,968

 

 

 

 

 

1,500

 

 

Custom Building Products, Inc., LIBOR + 5.00%, 4/30/12

 

 

1,487,500

 

 

 

 

 

500

 

 

Euramax Intl., Inc., LIBOR + 7.00%, 7/15/13 (EUR)

 

 

483,125

 

 

 

 

 

200

 

 

Harmon Koval, 4.00%, 11/18/07

 

 

199,500

 

 

 

 

 

2,000

 

 

LandSource Communities Development LLC, Loan B, LIBOR + 2.50%, 3/31/10

 

 

1,977,500

 

 

 

 

 

499

 

 

Nacco Industries, Inc., LIBOR + 2.00%, 3/31/13

 

 

496,880

 

 

 

 

 

977

 

 

Nortek, Inc., Loan B, LIBOR + 2.00%, 8/24/11

 

 

974,359

 

 

 

 

 

1,737

 

 

Ply Gem Industries, Inc., LIBOR + 2.25%, 8/15/11

 

 

1,732,533

 

 

 

 

 

875

 

 

Rhodes Ranch, LIBOR + 3.25%, 11/15/10

 

 

857,500

 

 

 

 

 

2,481

 

 

United Subcontractors, Inc., LIBOR + 2.75%, 12/31/12

 

 

2,400,609

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Building & Development

 

 

12,855,224

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Conglomerates—4.9%

 

 

 

 

 

 

 

 

 

 

 

Atlantis Plastics, Inc.,

 

 

 

 

 

 

 

 

5

 

 

LIBOR + 3.50%, 3/22/12

 

 

4,937

 

 

 

 

 

745

 

 

LIBOR + 9.00%, 3/22/12

 

 

743,137

 

 

 

 

 

739

 

 

Blount Intl., Loan B, LIBOR + 1.75%, 8/15/10

 

 

739,070

 

 

 

 

 

4,950

 

 

Colfax Corp., LIBOR + 2.25%, 12/29/11 (EUR)

 

 

6,558,937

 

 

 

 

 

1,113

 

 

Fidelity National Information Solutions, Inc., Loan B, LIBOR + 1.75%, 3/30/13

 

 

1,112,764

 

 

 

 

 

419

 

 

GenTek, Inc., LIBOR + 4.25%, 3/15/12

 

 

421,134

 

 

 

 

 

3,421

 

 

Honeywell Security, Loan B, LIBOR + 3.25%, 6/28/10

 

 

3,429,898

 

 

 

 

 

 

 

 

Invensys PLC,

 

 

 

 

 

 

 

 

1,000

 

 

Loan A, LIBOR + 2.00%, 12/15/10

 

 

1,005,625

 

 

 

 

 

1,783

 

 

Loan B, LIBOR + 2.13%, 12/15/10 (GBP)

 

 

3,493,896

 

 

 

 

 

 

 

 

Jarden Corp.,

 

 

 

 

 

 

 

 

857

 

 

LIBOR + 1.75%, 1/15/12

 

 

857,885

 

 

 

 

 

250

 

 

LIBOR + 1.75%, 1/24/12

 

 

249,271

 

 

 

 

 

754

 

 

Mueller Group, Inc., Loan B, LIBOR + 2.00%, 9/30/12

 

 

757,570

 

 

 

 

 

2,433

 

 

Polypore, Inc., LIBOR + 3.00%, 11/15/11

 

 

2,444,879

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Conglomerates

 

 

21,819,003

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Consumer Products—11.8%

 

 

 

 

 

 

 

 

993

 

 

24 Hour Fitness Worldwide, Inc., Loan B, LIBOR + 2.50%, 6/30/12

 

 

998,289

 

 

 

 

 

 

 

 

Aearo Technologies, Inc.,

 

 

 

 

 

 

 

 

993

 

 

LIBOR + 2.50%, 3/31/13

 

 

999,944

 

 

 

 

 

998

 

 

LIBOR + 6.50%, 9/30/13

 

 

1,008,722

 

 

 

 

 

1,726

 

 

Alliance One Intl., Inc., Loan B, LIBOR + 3.50%, 5/13/10

 

 

1,743,944

 

 

 

 

 

750

 

 

American Safety Razor Co., LIBOR + 6.25%, 2/15/14

 

 

759,375

 

 

 

 

 

451

 

 

Arby’s Restaurant Group, Inc., Loan B, LIBOR + 2.25%, 7/31/12

 

 

452,123

 

 

 

 

 

 

 

 

Berkline Bench Craft,

 

 

 

 

 

 

 

 

93

5

 

Loan B, PRIME + 2.75%, 10/31/11

 

 

60,469

 

 

 

 

 

2,000

5

 

PRIME + 7.00%, 4/30/12

 

 

200,000

 

 

 

 

 

750

 

 

Bumble Bee Foods LLC, Loan B, LIBOR + 1.75%, 4/30/11

 

 

749,062

 

 

 

 

 

1,474

 

 

Burlington Coat Factory Warehouse Corp., Loan B, LIBOR + 2.25%, 4/15/13

 

 

1,453,281

 

 

 

 

 

538

 

 

Carrols Corp., LIBOR + 2.50%, 12/31/10

 

 

539,393

 

 

 

 

 

494

 

 

Centerplate, Inc., LIBOR + 3.25%, 10/15/10

 

 

494,660

 

 

 

 

 

493

 

 

Chiquita Brands Intl., Inc., Loan C, LIBOR + 2.25%, 6/28/12

 

 

497,733

 

 

 

 

 

995

 

 

Coinmach Corp., Loan B1, LIBOR + 2.50%, 12/19/12

 

 

1,004,057

 

 

 

 

 

1,613

 

 

Commonwealth Brands, Inc., LIBOR + 2.25%, 12/15/12

 

 

1,621,938

 

See Notes to Financial Statements.

9



BlackRock Global Floating Rate Income Trust (BGT) (continued)

 

(Percentage of Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal
Amount
(000)

 

Description

 

Value

 









 

 

 

 

 

 

 

Consumer Products—(cont’d)

 

 

 

 

 

 

 

$

2,228

 

 

Cracker Barrel, Loan B, LIBOR + 1.50%, 5/15/13

 

$

2,223,688

 

 

 

 

 

597

 

 

Culligan Intl. Co., Loan B, LIBOR + 1.75%, 10/15/11

 

 

597,434

 

 

 

 

 

500

 

 

Deutsch Connectors, LIBOR + 4.50%, 2/11/16

 

 

509,583

 

 

 

 

 

 

 

 

Eastman Kodak Co.,

 

 

 

 

 

 

 

 

164

 

 

Loan B1, LIBOR + 2.25%, 10/15/12

 

 

164,491

 

 

 

 

 

222

 

 

Loan B2, LIBOR + 2.25%, 10/15/12

 

 

222,781

 

 

 

 

 

500

 

 

Fender Musical Instruments Corp., LIBOR + 6.00%, 9/30/12

 

 

502,188

 

 

 

 

 

 

 

 

FoodVest Ltd. (GBP)

 

 

 

 

 

 

 

 

438

 

 

Loan B, LIBOR + 2.50%, 4/30/14

 

 

864,121

 

 

 

 

 

438

 

 

Loan C, LIBOR + 3.00%, 4/30/15

 

 

868,404

 

 

 

 

 

 

 

 

Fresh Start Bakeries, Inc.,

 

 

 

 

 

 

 

 

500

 

 

LIBOR, 9/30/13

 

 

501,250

 

 

 

 

 

500

 

 

LIBOR, 3/31/14

 

 

501,875

 

 

 

 

 

499

 

 

FTD, Inc., LIBOR, 8/15/13

 

 

499,997

 

 

 

 

 

350

 

 

Gold Toe, LIBOR + 2.75%, 4/30/14

 

 

355,250

 

 

 

 

 

1,013

 

 

Hertz Corp., LIBOR + 2.00%, 12/21/12

 

 

1,019,678

 

 

 

 

 

262

 

 

Landry’s Restaurants, Inc., Loan B, LIBOR + 1.75%, 12/31/10

 

 

261,614

 

 

 

 

 

689

 

 

Language Line, Inc., Loan B1, LIBOR + 3.25%, 6/14/11

 

 

693,384

 

 

 

 

 

501

 

 

Latimer/Weetabix, LIBOR + 8.00%, 7/26/16 (GBP)

 

 

1,016,990

 

 

 

 

 

750

5

 

Le-Natures, Inc., Loan B, LIBOR + 4.00%, 9/30/11

 

 

411,875

 

 

 

 

 

1,200

 

 

Maidenform, Inc., LIBOR + 1.75%, 5/14/10

 

 

1,200,000

 

 

 

 

 

891

 

 

Mapco Express, Inc., LIBOR + 2.75%, 5/15/11

 

 

895,891

 

 

 

 

 

1,039

 

 

Movie Gallery, Inc., Loan B, LIBOR + 5.25%, 4/30/11

 

 

1,023,682

 

 

 

 

 

1,661

 

 

Neiman-Marcus Group, Inc., LIBOR + 2.25%, 4/15/13

 

 

1,672,165

 

 

 

 

 

1,398

 

 

New Page, Loan B, LIBOR + 3.00%, 4/30/12

 

 

1,404,643

 

 

 

 

 

3,500

5

 

Olympus Cable Holdings LLC, Loan B, PRIME + 2.00%, 9/30/10

 

 

3,407,033

 

 

 

 

 

1,500

6

 

Orchard Supply Hardware Stores Corp., Loan B2, LIBOR + 2.45%, 12/09/07

 

 

1,500,000

 

 

 

 

 

539

 

 

Oreck Corp., Loan B, LIBOR + 2.75%, 1/31/12

 

 

532,722

 

 

 

 

 

 

 

 

Oriental Trading Co.,

 

 

 

 

 

 

 

 

998

 

 

LIBOR + 2.75%, 6/30/13

 

 

999,994

 

 

 

 

 

500

 

 

LIBOR + 4.75%, 1/30/14

 

 

500,000

 

 

 

 

 

 

 

 

OSI Group LLC,

 

 

 

 

 

 

 

 

758

 

 

LIBOR + 1.75%, 9/15/11

 

 

756,178

 

 

 

 

 

948

 

 

LIBOR + 2.00%, 9/15/11

 

 

945,249

 

 

 

 

 

1,706

 

 

Loan B, LIBOR + 2.00%, 9/15/11

 

 

1,701,449

 

 

 

 

 

750

 

 

PETCO Animal Supplies, Inc., LIBOR, 10/31/12

 

 

753,562

 

 

 

 

 

1,065

 

 

Pierre Foods, Inc., Loan B, LIBOR + 2.00%, 7/15/10

 

 

1,067,663

 

 

 

 

 

750

 

 

Pivotal Promontory LLC, LIBOR + 6.50%, 9/15/11

 

 

716,250

 

 

 

 

 

1,950

 

 

Prestige Brands Holdings, Inc., Loan B, LIBOR + 2.25%, 4/07/11

 

 

1,955,688

 

 

 

 

 

1,485

 

 

Roundy’s Supermarkets, Inc., LIBOR + 3.00%, 11/15/11

 

 

1,496,509

 

 

 

 

 

673

 

 

Spectrum Brands, Inc., Loan B, LIBOR + 3.00%, 1/31/12

 

 

675,204

 

 

 

 

 

1,397

 

 

Sturm Foods, Inc., LIBOR + 2.00%, 5/31/11

 

 

1,393,009

 

 

 

 

 

1,489

 

 

SUPERVALU, Inc., Loan B, LIBOR + 1.75%, 6/15/12

 

 

1,491,132

 

 

 

 

 

812

5

 

Synventive Acquisition, Inc., LIBOR + 14.0%, 2/17/14

 

 

304,539

 

 

 

 

 

495

 

 

TravelCenters of America, Inc., Loan B, LIBOR + 1.75%, 6/30/11

 

 

494,381

 

 

 

 

 

864

 

 

Tupperware Corp., LIBOR + 1.50%, 11/07/12

 

 

856,619

 

 

 

 

 

493

 

 

Warnaco, Inc., Loan B, LIBOR + 1.50%, 1/31/12

 

 

491,359

 

 

 

 

 

 

 

 

Waterpik Technologies, Inc.,

 

 

 

 

 

 

 

 

451

 

 

LIBOR + 2.25%, 4/15/13

 

 

448,619

 

 

 

 

 

750

 

 

LIBOR + 6.50%, 10/15/13

 

 

742,500

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Consumer Products

 

 

53,223,633

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Containers & Packaging—4.8%

 

 

 

 

 

 

 

 

 

 

 

Bluegrass Container Co. LLC,

 

 

 

 

 

 

 

 

345

 

 

LIBOR + 2.25%, 6/30/13

 

 

347,865

 

 

 

 

 

1,500

 

 

LIBOR + 5.00%, 12/30/13

 

 

1,513,114

 

 

 

 

 

1,152

 

 

Loan B, LIBOR + 2.25%, 6/30/13

 

 

1,161,448

 

 

 

 

 

200

 

 

Covalence Specialty Materials Corp., LIBOR + 3.25%, 8/15/13

 

 

201,833

 

 

 

 

 

 

 

 

Georgia-Pacific Corp.,

 

 

 

 

 

 

 

 

1,148

 

 

LIBOR + 2.00%, 2/28/13

 

 

1,153,018

 

 

 

 

 

1,500

 

 

LIBOR + 2.00%, 2/28/14

 

 

1,502,250

 

See Notes to Financial Statements.

10



BlackRock Global Floating Rate Income Trust (BGT) (continued)

 

 

(Percentage of Net Assets)


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal
Amount
(000)

 

Description

 

 

Value

 













 

 

 

 

 

 

 

Containers & Packaging—(cont’d)

 

 

 

 

 

 

 

 

 

 

 

Graham Packaging Co. LP,

 

 

 

 

 

 

 

$

1,400

 

 

Loan B, LIBOR + 2.25%, 4/01/12

 

$

1,411,399

 

 

 

 

 

5,673

 

 

Loan C, LIBOR + 4.25%, 10/01/11

 

 

5,702,916

 

 

 

 

 

3,258

 

 

Graphic Packaging Intl., Inc., Loan C, LIBOR + 2.50%, 8/08/10

 

 

3,292,175

 

 

 

 

 

 

 

 

Smurfit-Stone Container Enterprises, Inc.,

 

 

 

 

 

 

 

 

503

 

 

Loan B, LIBOR + 2.25%, 11/01/11

 

 

505,522

 

 

 

 

 

750

 

 

Loan B1, LIBOR + 2.50%, 2/15/15 (EUR)

 

 

1,001,472

 

 

 

 

 

750

 

 

Loan C1, LIBOR + 3.00%, 2/15/14 (EUR)

 

 

997,463

 

 

 

 

 

2,925

 

 

Solo Cup, Inc., LIBOR + 3.50%, 2/27/11

 

 

2,941,264

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Containers & Packaging

 

 

21,731,739

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Ecological Services & Equipment—0.5%

 

 

 

 

 

 

 

 

 

 

 

Envirosolutions, Inc.,

 

 

 

 

 

 

 

 

927

 

 

LIBOR + 3.50%, 2/28/09

 

 

934,191

 

 

 

 

 

1,073

 

 

LIBOR + 3.50%, 7/15/12

 

 

1,080,809

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Ecological Services & Equipment

 

 

2,015,000

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Energy—7.4%

 

 

 

 

 

 

 

 

1,500

 

 

AES Corp., LIBOR + 1.75%, 4/30/08

 

 

1,500,937

 

 

 

 

 

562

 

 

Astoria Generating Co. Acquisitions LLC, Loan B, LIBOR + 2.00%, 2/23/13

 

 

564,852

 

 

 

 

 

500

 

 

Boart Longyear Co., LIBOR + 7.00%, 10/31/13

 

 

489,375

 

 

 

 

 

950

 

 

Cellnet Technology, Inc., Loan B, LIBOR + 3.00%, 4/30/12

 

 

949,588

 

 

 

 

 

 

 

 

Coffeyville Resources LLC,

 

 

 

 

 

 

 

 

2,600

 

 

Loan C, LIBOR + 2.50%, 6/22/11

 

 

2,613,814

 

 

 

 

 

889

 

 

Loan C, TBD, 7/15/12

 

 

893,528

 

 

 

 

 

 

 

 

Coleto Creek Power,

 

 

 

 

 

 

 

 

127

 

 

LIBOR + 2.75%, 7/31/13

 

 

126,752

 

 

 

 

 

1,863

 

 

Loan B, LIBOR, 7/31/13

 

 

1,853,932

 

 

 

 

 

1,000

 

 

Exco Resources, Inc., LIBOR + 5.50%, 10/31/11

 

 

1,007,500

 

 

 

 

 

 

 

 

Flint (EUR)

 

 

 

 

 

 

 

 

833

 

 

Loan B7, LIBOR + 2.50%, 12/20/15

 

 

1,104,717

 

 

 

 

 

833

 

 

Loan C7, LIBOR + 3.00%, 12/20/14

 

 

1,104,717

 

 

 

 

 

 

 

 

Generac Power Systems, Inc.,

 

 

 

 

 

 

 

 

1,000

 

 

LIBOR, 11/15/13

 

 

1,003,125

 

 

 

 

 

750

 

 

LIBOR, 5/15/14

 

 

752,344

 

 

 

 

 

1,485

 

 

Key Energy Services, Inc., Loan C, LIBOR + 2.50%, 8/15/12

 

 

1,489,641

 

 

 

 

 

962

 

 

LSP General Finance Co. LLC, LIBOR + 1.75%, 4/15/13

 

 

961,641

 

 

 

 

 

496

 

 

Meg Energy Corp., Loan B, LIBOR + 2.00%, 4/08/12

 

 

496,948

 

 

 

 

 

990

 

 

Mirant NA LLC, Loan B, LIBOR + 1.75%, 1/05/13

 

 

987,878

 

 

 

 

 

 

 

 

Northeast Energy,

 

 

 

 

 

 

 

 

159

 

 

LIBOR + 2.50%, 10/31/13

 

 

159,884

 

 

 

 

 

750

 

 

LIBOR + 4.50%, 10/31/14

 

 

759,688

 

 

 

 

 

1,341

 

 

Loan B, LIBOR + 2.50%, 10/31/13

 

 

1,352,866

 

 

 

 

 

4,514

 

 

NRG Energy, Inc., LIBOR + 2.00%, 1/31/13

 

 

4,536,012

 

 

 

 

 

358

 

 

Petro Geological Services, Loan B, LIBOR + 2.50%, 12/31/12

 

 

360,063

 

 

 

 

 

 

 

 

Plum Point Energy Associates,

 

 

 

 

 

 

 

 

194

 

 

LIBOR + 3.75%, 3/14/14

 

 

195,986

 

 

 

 

 

670

 

 

Loan B, LIBOR + 3.25%, 3/14/14

 

 

675,738

 

 

 

 

 

104

 

 

Regency Gas, LIBOR, 8/15/13

 

 

104,199

 

 

 

 

 

2,000

 

 

Reliant Energy, Inc., LIBOR, 12/01/10

 

 

2,014,000

 

 

 

 

 

2,107

 

 

SemCrude LP, LIBOR + 2.25%, 2/28/11

 

 

2,118,030

 

 

 

 

 

1,490

 

 

Trinidad Energy Services Income Trust, LIBOR + 2.50%, 4/15/11

 

 

1,493,725

 

 

 

 

 

 

 

 

Wolf Hollow I LP,

 

 

 

 

 

 

 

 

100

 

 

0.50%, 6/15/12

 

 

98,000

 

 

 

 

 

500

 

 

LIBOR, 12/15/12

 

 

500,000

 

 

 

 

 

300

 

 

LIBOR + 2.25%, 6/15/12

 

 

294,000

 

 

 

 

 

100

 

 

LIBOR + 2.25%, 6/22/12

 

 

98,000

 

 

 

 

 

474

 

 

Loan B, LIBOR + 2.25%, 6/15/12

 

 

464,676

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Energy

 

 

33,126,156

 

 

 

 

 

 

 

 

 

 



 

See Notes to Financial Statements.

11



BlackRock Global Floating Rate Income Trust (BGT) (continued)

 

 

(Percentage of Net Assets)


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal
Amount
(000)

 

 

Description

 

 

Value

 













 

 

 

 

 

 

 

Entertainment & Leisure—6.0%

 

 

 

 

 

 

 

$

988

 

 

Blockbuster Entertainment Corp., Loan B, LIBOR + 3.50%, 8/20/11

 

$

990,463

 

 

 

 

 

1,122

 

 

Cinemark, Inc., Loan B, LIBOR, 10/05/13

 

 

1,127,330

 

 

 

 

 

750

 

 

Edge Las Vegas, LIBOR + 3.50%, 6/15/07

 

 

731,250

 

 

 

 

 

938

 

 

Fairmont Hotels & Resorts, Inc., Loan B, LIBOR + 3.25%, 7/15/11

 

 

942,598

 

 

 

 

 

2,000

 

 

Greektown Holdings LLC, Loan B, LIBOR + 2.50%, 12/15/12

 

 

2,015,000

 

 

 

 

 

2,500

 

 

Hallmark Entertainment LLC, Loan B, LIBOR + 2.50%, 12/31/11

 

 

2,487,500

 

 

 

 

 

1,485

 

 

Hit Entertainment Ltd., LIBOR + 2.25%, 8/31/12

 

 

1,492,425

 

 

 

 

 

 

 

 

Hollywood Theaters, Inc.,

 

 

 

 

 

 

 

 

1,706

 

 

LIBOR + 3.25%, 8/01/09

 

 

1,721,180

 

 

 

 

 

2,500

 

 

LIBOR + 7.00%, 1/21/10

 

 

2,525,000

 

 

 

 

 

1,477

 

 

Kerasotes Theatres, Inc., Loan B, LIBOR + 2.50%, 10/31/11

 

 

1,478,693

 

 

 

 

 

2,978

 

 

Metro-Goldwyn-Mayer Studios, Inc., Loan B, LIBOR + 3.25%, 4/15/12

 

 

2,947,192

 

 

 

 

 

750

 

 

Riverside Casino & Golf Resort LLC, Loan B, LIBOR + 3.50%, 11/15/12

 

 

750,000

 

 

 

 

 

750

 

 

Time Warner, Inc., Loan B, LIBOR + 2.25%, 10/31/13

 

 

755,063

 

 

 

 

 

524

 

 

Travelport, Inc., LIBOR, 8/31/13

 

 

524,786

 

 

 

 

 

925

 

 

Universal City Development Partners LP, Loan B, LIBOR + 2.00%, 6/30/12

 

 

927,768

 

 

 

 

 

1,500

 

 

Venetian Casino Resorts LLC, Loan B, LIBOR + 1.75%, 6/15/11

 

 

1,504,831

 

 

 

 

 

 

 

 

Wembley, Inc.,

 

 

 

 

 

 

 

 

990

 

 

LIBOR + 2.50%, 8/31/11

 

 

1,001,137

 

 

 

 

 

1,500

 

 

LIBOR + 4.25%, 8/31/12

 

 

1,518,750

 

 

 

 

 

1,099

 

 

Wyndham Intl., Inc., Loan E, LIBOR + 4.50%, 9/11/07

 

 

1,104,847

 

 

 

 

 

467

 

 

Yellowstone Mountain Club, LIBOR + 2.38%, 10/15/10

 

 

462,264

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Entertainment & Leisure

 

 

27,008,077

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Financial Institutions—16.9%

 

 

 

 

 

 

 

 

993

 

 

Advantage Sales & Marketing, Inc., LIBOR + 2.00%, 4/15/13

 

 

987,967

 

 

 

 

 

969

 

 

Arias Acquisitions, Inc., LIBOR + 3.75%, 7/30/11

 

 

934,905

 

 

 

 

 

249

 

 

Arrowhead General Insurance Agency, Inc., LIBOR, 8/15/12

 

 

251,245

 

 

 

 

 

 

 

 

Asurion Corp.,

 

 

 

 

 

 

 

 

1,155

 

 

LIBOR + 3.00%, 8/30/12

 

 

1,159,107

 

 

 

 

 

500

 

 

LIBOR + 6.25%, 2/28/13

 

 

506,875

 

 

 

 

 

2,000

 

 

Audatex, LIBOR + 5.50%, 10/15/13 (EUR)

 

 

2,694,552

 

 

 

 

 

955

 

 

Avio, LIBOR, 9/25/16

 

 

979,297

 

 

 

 

 

 

 

 

Bankruptcy Management,

 

 

 

 

 

 

 

 

1,000

 

 

LIBOR + 2.75%, 6/30/11

 

 

1,003,750

 

 

 

 

 

499

 

 

LIBOR + 6.25%, 7/30/12

 

 

504,984

 

 

 

 

 

4,813

 

 

Billing Services Group, LIBOR + 2.50%, 5/11/12 (EUR)

 

 

6,352,741

 

 

 

 

 

1,000

 

 

BNY Convergex Group LLC, LIBOR + 3.00%, 8/31/13

 

 

998,125

 

 

 

 

 

499

 

 

Brock Holdings, LIBOR + 2.50%, 8/30/13

 

 

501,867

 

 

 

 

 

1,000

 

 

BST Textile, LIBOR, 6/03/09

 

 

1,329,950

 

 

 

 

 

500

 

 

CCC Information Services Group, Inc., Loan B, LIBOR + 2.50%, 2/15/13

 

 

501,042

 

 

 

 

 

10,000

5

 

Century Corp., PRIME + 2.00%, 12/31/09

 

 

9,728,570

 

 

 

 

 

1,250

 

 

Charter Mac, Loan B, LIBOR + 2.50%, 8/15/12

 

 

1,251,562

 

 

 

 

 

750

 

 

Conseco, Inc., LIBOR, 9/30/13

 

 

752,344

 

 

 

 

 

 

 

 

GS Holdings Corp.,

 

 

 

 

 

 

 

 

91

 

 

LIBOR + 1.75%, 5/15/11

 

 

90,824

 

 

 

 

 

654

 

 

LIBOR + 1.75%, 5/15/13

 

 

653,376

 

 

 

 

 

5,000

 

 

Idearc, Inc., Loan B, LIBOR + 2.00%, 11/15/14

 

 

5,025,000

 

 

 

 

 

2,943

 

 

Jostens, Inc., Loan C, LIBOR + 2.00%, 10/15/11

 

 

2,954,280

 

 

 

 

 

 

 

 

Liberato Midco Ltd.,

 

 

 

 

 

 

 

 

366

 

 

LIBOR, 10/27/16 (GBP)

 

 

734,555

 

 

 

 

 

500

 

 

Loan B1, LIBOR, 10/27/14 (EUR)

 

 

668,585

 

 

 

 

 

500

 

 

Loan C1, LIBOR, 10/27/15

 

 

671,265

 

 

 

 

 

877

 

 

Lucite Intl. Finance PLC, LIBOR + 9.00%, 7/15/14 (EUR)

 

 

1,139,112

 

 

 

 

 

2,000

 

 

Moeller Group, LIBOR, 9/17/12 (EUR)

 

 

2,678,382

 

 

 

 

 

717

 

 

N.E.W. Holdings I LLC, LIBOR, 8/31/13

 

 

718,820

 

 

 

 

 

 

 

 

Nasdaq Stock Market, Inc.,

 

 

 

 

 

 

 

 

974

 

 

Loan B, LIBOR + 1.75%, 4/18/12

 

 

972,492

 

 

 

 

 

564

 

 

Loan C, LIBOR + 1.75%, 4/18/12

 

 

563,785

 

 

 

 

 

6,000

 

 

Navistar Financial Corp., LIBOR + 5.00%, 2/28/09

 

 

6,075,000

 

 

 

 

 

1,955

 

 

Owens Illinois Group, Inc., Loan B, LIBOR + 1.50%, 6/30/13 (EUR)

 

 

2,560,538

 

See Notes to Financial Statements.

12



BlackRock Global Floating Rate Income Trust (BGT) (continued)

 

 

(Percentage of Net Assets)


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal
Amount

(000)

 

Description

 

 

Value

 













 

 

 

 

 

 

 

Financial Institutions—(cont’d)

 

 

 

 

 

 

 

$

1,485

 

 

PinnOak Resources LLC, LIBOR + 3.25%, 11/22/12

 

$

1,447,875

 

 

 

 

 

1,141

 

 

Professional Service, Inc., Loan B, LIBOR + 2.75%, 10/31/12

 

 

1,142,051

 

 

 

 

 

500

 

 

Renfro Corp., LIBOR + 3.25%, 9/30/13

 

 

500,000

 

 

 

 

 

1,729

 

 

Ripplewood Phosphorus U.S. LLC, LIBOR + 3.25%, 7/16/11

 

 

1,724,962

 

 

 

 

 

1,119

 

 

Sedgewick Claims Management Services, Inc., Loan B, LIBOR + 2.00%, 2/28/13

 

 

1,119,318

 

 

 

 

 

1,500

 

 

Targa Resources, Inc., LIBOR + 2.25%, 10/31/07

 

 

1,499,766

 

 

 

 

 

 

 

 

TPG Springs,

 

 

 

 

 

 

 

 

1,733

 

 

LIBOR, 3/22/15 (EUR)

 

 

2,271,117

 

 

 

 

 

997

 

 

Loan B, LIBOR + 2.75%, 3/22/13 (GBP)

 

 

1,943,437

 

 

 

 

 

997

 

 

Loan C, LIBOR + 3.25%, 3/22/14 (GBP)

 

 

1,952,381

 

 

 

 

 

 

 

 

TransFirst Holdings, Inc.,

 

 

 

 

 

 

 

 

1,000

 

 

LIBOR + 6.25%, 8/15/12

 

 

1,002,500

 

 

 

 

 

995

 

 

Loan B, LIBOR + 2.50%, 8/15/12

 

 

999,975

 

 

 

 

 

 

 

 

United Biscuits,

 

 

 

 

 

 

 

 

1,651

 

 

Loan B1, LIBOR, 12/31/14 (GBP)

 

 

3,231,341

 

 

 

 

 

535

 

 

Loan B2, LIBOR, 12/31/14 (EUR)

 

 

704,933

 

 

 

 

 

458

 

 

USI Holdings Corp., Loan B, LIBOR + 2.25%, 7/30/08

 

 

458,368

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Financial Institutions

 

 

75,942,921

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Health Care—7.2%

 

 

 

 

 

 

 

 

3,318

 

 

Arizant, Inc., LIBOR + 3.25%, 8/15/10

 

 

3,330,411

 

 

 

 

 

1

 

 

CCS Medical, Loan B, LIBOR + 3.25%,

 

 

630

 

 

 

 

 

2,345

 

 

Community Health Systems, Inc., LIBOR + 1.75%, 8/15/11

 

 

2,346,052

 

 

 

 

 

3,100

 

 

Concentra Operating Corp., Loan B, LIBOR + 2.00%, 9/30/11

 

 

3,106,601

 

 

 

 

 

826

 

 

Davita, Inc., Loan B, LIBOR + 2.00%, 6/30/12

 

 

829,815

 

 

 

 

 

523

 

 

Duloxetine Royalty, LIBOR + 4.50%, 10/15/13

 

 

523,161

 

 

 

 

 

 

 

 

Emdeon Business Services, LLC,

 

 

 

 

 

 

 

 

500

 

 

LIBOR, 5/30/14

 

 

504,062

 

 

 

 

 

1,250

 

 

Loan B, LIBOR, 11/30/13

 

 

1,252,604

 

 

 

 

 

5,970

 

 

HealthSouth Corp., Loan B, LIBOR + 3.25%, 3/15/13

 

 

6,005,653

 

 

 

 

 

2,925

 

 

IASIS Healthcare Corp., Loan B, LIBOR + 2.25%, 6/30/11

 

 

2,938,162

 

 

 

 

 

1,472

 

 

Jean Coutu Group, Inc., Loan B, LIBOR + 2.50%, 7/30/11

 

 

1,473,446

 

 

 

 

 

448

 

 

Multiplan, Inc., LIBOR + 2.50%, 4/15/13

 

 

446,933

 

 

 

 

 

497

 

 

National Renal Institutes, Inc., Loan B, LIBOR + 2.25%, 4/15/13

 

 

495,945

 

 

 

 

 

 

 

 

Quintiles Transnational Corp.,

 

 

 

 

 

 

 

 

995

 

 

LIBOR + 2.00%, 3/31/13

 

 

993,507

 

 

 

 

 

248

 

 

LIBOR + 4.00%, 3/31/14

 

 

250,594

 

 

 

 

 

985

 

 

Select Medical Corp., Loan B, LIBOR + 1.75%, 2/28/12

 

 

965,669

 

 

 

 

 

3,014

 

 

US Oncology, Inc., LIBOR + 2.25%, 6/30/11

 

 

3,022,970

 

 

 

 

 

983

 

 

Vanguard Health Holding Co. II LLC, LIBOR + 2.25%, 9/30/11

 

 

983,176

 

 

 

 

 

 

 

 

Warner Chilcott Corp.,

 

 

 

 

 

 

 

 

88

 

 

LIBOR + 2.50%, 1/18/11

 

 

88,247

 

 

 

 

 

416

 

 

LIBOR + 2.50%, 1/18/12

 

 

416,623

 

 

 

 

 

1,891

 

 

Loan B, LIBOR + 2.50%, 1/18/11

 

 

1,899,069

 

 

 

 

 

519

 

 

Loan C, LIBOR + 2.50%, 1/18/11

 

 

521,389

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Health Care

 

 

32,394,719

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Industrials—3.2%

 

 

 

 

 

 

 

 

1,496

 

 

Acosta, Inc., LIBOR + 2.75%, 8/15/13

 

 

1,509,342

 

 

 

 

 

499

 

 

Applied Systems, Inc., Loan B, LIBOR, 9/30/13

 

 

500,620

 

 

 

 

 

 

 

 

Bolthouse Farms, Inc.,

 

 

 

 

 

 

 

 

993

 

 

LIBOR + 2.25%, 12/01/12

 

 

991,880

 

 

 

 

 

500

 

 

LIBOR + 5.50%, 12/16/13

 

 

502,500

 

 

 

 

 

333

 

 

Chart Industries, Inc., Loan B, LIBOR + 2.00%, 10/15/12

 

 

333,958

 

 

 

 

 

1,850

 

 

Drummond Co., Inc., LIBOR + 1.50%, 2/15/12

 

 

1,803,750

 

 

 

 

 

 

 

 

Novelis, Inc.,

 

 

 

 

 

 

 

 

199

 

 

Loan B, LIBOR + 2.25%, 1/13/10

 

 

199,243

 

 

 

 

 

346

 

 

Loan B, LIBOR + 2.25%, 12/30/11

 

 

346,053

 

 

 

 

 

2,500

 

 

Oshkosh Truck Corp., Loan B, LIBOR, 12/06/13

 

 

2,502,345

 

 

 

 

 

625

 

 

QTC Acquisition, Inc., LIBOR + 6.50%, 5/04/13

 

 

626,563

 

See Notes to Financial Statements.

13



BlackRock Global Floating Rate Income Trust (BGT) (continued)

 

 

(Percentage of Net Assets)


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal
Amount
(000)

 

Description

 

Value

 










 

 

 

 

 

 

 

Industrials—(cont’d)

 

 

 

 

 

 

 

 

 

 

 

Standard Steel LLC,

 

 

 

 

 

 

 

$

83

 

 

1.00%, 7/15/12

 

$

83,854

 

 

 

 

 

415

 

 

Loan B, LIBOR + 2.50%, 7/15/12

 

 

417,175

 

 

 

 

 

1,000

 

 

Stolle Machinery Co. LLC, LIBOR, 9/29/13

 

 

1,006,250

 

 

 

 

 

1,281

 

 

Thermo Fluids, Inc., Loan B, LIBOR + 3.00%, 6/27/13

 

 

1,284,084

 

 

 

 

 

2,000

 

 

Tinnerman Palnut Engineered Products, Inc., LIBOR + 7.75%, 11/01/11

 

 

1,920,000

 

 

 

 

 

 

 

 

Trimas Corp.,

 

 

 

 

 

 

 

 

93

 

 

LIBOR + 2.75%, 7/31/11

 

 

93,024

 

 

 

 

 

406

 

 

Loan B, LIBOR, 7/31/13

 

 

407,520

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Industrials

 

 

14,528,161

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Media—19.1%

 

 

 

 

 

 

 

 

1,825

 

 

Alliance Atlantis Communications, Inc., Loan C, LIBOR + 1.50%, 11/30/11

 

 

1,822,326

 

 

 

 

 

 

 

 

American Lawyers Media, Inc.,

 

 

 

 

 

 

 

 

1,711

 

 

LIBOR + 2.50%, 3/15/10

 

 

1,707,455

 

 

 

 

 

2,000

 

 

LIBOR + 5.75%, 3/07/11

 

 

1,998,334

 

 

 

 

 

1,000

 

 

American Media Operations, Inc., Loan B, LIBOR + 3.00%, 1/31/13

 

 

1,003,750

 

 

 

 

 

250

 

 

Bresnan Communications Group LLC, LIBOR + 4.50%, 4/15/14

 

 

255,000

 

 

 

 

 

8,398

 

 

Cablecom SCA, Loan A, LIBOR, 12/31/10 (CHF)

 

 

6,883,591

 

 

 

 

 

3,980

 

 

Cablevision Systems Corp., LIBOR + 1.75%, 3/31/13

 

 

3,980,330

 

 

 

 

 

 

 

 

Casema Kabelcom (EUR)

 

 

 

 

 

 

 

 

750

 

 

LIBOR, 9/30/14

 

 

994,833

 

 

 

 

 

750

 

 

LIBOR + 2.50%, 9/30/15

 

 

999,784

 

 

 

 

 

875

 

 

Loan B1, LIBOR + 2.50%, 9/30/14

 

 

1,166,474

 

 

 

 

 

875

 

 

Loan C, LIBOR, 9/30/15

 

 

1,172,009

 

 

 

 

 

2,000

 

 

Century TCI California LP, PRIME, 12/31/07

 

 

1,971,250

 

 

 

 

 

6,000

 

 

Cequel Communications LLC, LIBOR + 2.25%, 11/05/13

 

 

6,002,814

 

 

 

 

 

3,500

 

 

Charter Communications Holdings LLC/Charter Communication Holdings Capital Corp.,

 

 

 

 

 

 

 

 

 

 

 

LIBOR + 2.63%, 4/28/13

 

 

3,520,891

 

 

 

 

 

3,235

 

 

Dex Media East LLC/Dex Media East Finance Co., Loan B, LIBOR + 1.50%, 12/31/08

 

 

3,225,555

 

 

 

 

 

 

 

 

Dex Media West LLC/Dex Media Finance Co.,

 

 

 

 

 

 

 

 

808

 

 

Loan B1, LIBOR + 1.50%, 9/09/10

 

 

805,693

 

 

 

 

 

1,456

 

 

Loan B2, LIBOR + 1.50%, 9/01/09

 

 

1,450,265

 

 

 

 

 

500

 

 

Emmis Communications Corp., LIBOR, 10/31/13

 

 

502,734

 

 

 

 

 

1,224

 

 

GateHouse Media, Inc., LIBOR + 2.25%, 12/15/13

 

 

1,224,704

 

 

 

 

 

4,000

 

 

German Media Partners LP, LIBOR, 6/06/13 (EUR)

 

 

5,284,599

 

 

 

 

 

4,000

 

 

KDG Media Technologies AG, Loan A, LIBOR, 3/31/12 (EUR)

 

 

5,287,176

 

 

 

 

 

1,489

 

 

Liberty Cablevision of Puerto Rico Ltd., LIBOR + 2.25%, 2/15/13

 

 

1,493,402

 

 

 

 

 

1,500

 

 

Mediacom Broadband LLC, Loan D1, LIBOR + 1.75%, 1/31/15

 

 

1,492,969

 

 

 

 

 

1,827

 

 

Mediacom Communications Corp., Loan A, LIBOR + 1.00%, 3/31/10

 

 

1,784,400

 

 

 

 

 

1,975

 

 

Mediacom Illinois LLC, Loan C, LIBOR + 1.75%, 1/15/15

 

 

1,970,416

 

 

 

 

 

1,922

 

 

Mission Broadcasting, Inc., Loan B, LIBOR + 1.75%, 8/14/12

 

 

1,914,386

 

 

 

 

 

400

 

 

Multicultural Radio Broadcasting, Inc., LIBOR + 2.75%, 12/15/12

 

 

400,750

 

 

 

 

 

 

 

 

NEP Supershooters LP,

 

 

 

 

 

 

 

 

500

 

 

LIBOR + 4.00%, 8/01/11

 

 

505,000

 

 

 

 

 

671

 

 

LIBOR + 8.00%, 2/01/11

 

 

677,258

 

 

 

 

 

1,245

 

 

New Wave Communications, LIBOR + 3.25%, 6/20/13

 

 

1,245,250

 

 

 

 

 

1,821

 

 

Nexstar Finance, Inc., Loan B, LIBOR + 1.75%, 8/14/12

 

 

1,814,045

 

 

 

 

 

3,500

 

 

Nielsen Finance LLC/Nielsen Finance Co., Loan B, LIBOR + 2.75%, 8/15/13

 

 

3,522,848

 

 

 

 

 

1,000

 

 

Persona Communications, Inc., LIBOR, 4/30/14

 

 

1,003,750

 

 

 

 

 

496

 

 

Prism Business Media, Inc., Loan B, LIBOR + 2.25%, 10/15/12

 

 

496,026

 

 

 

 

 

 

 

 

Prysmian Cables & Systems,

 

 

 

 

 

 

 

 

2,034

 

 

Loan B3a, LIBOR, 8/22/14

 

 

2,036,142

 

 

 

 

 

508

 

 

Loan C5a, LIBOR, 8/22/15

 

 

510,306

 

 

 

 

 

750

 

 

Puerto Rico Cable Acquisition Co., LIBOR + 6.25%, 1/26/12

 

 

753,750

 

 

 

 

 

744

 

 

Quebecor Media, Inc., Loan B, LIBOR + 2.00%, 1/17/13

 

 

748,097

 

 

 

 

 

2,079

 

 

RH Donnelley, Inc., Loan D2, LIBOR + 1.50%, 12/31/11

 

 

2,071,796

 

 

 

 

 

 

 

 

TDC (EUR)

 

 

 

 

 

 

 

 

1,250

 

 

Loan B, LIBOR, 11/12/14

 

 

1,664,913

 

 

 

 

 

1,250

 

 

Loan C2, LIBOR, 11/12/15

 

 

1,671,898

 

 

 

 

 

500

 

 

Wide Open West Finance LLC, Loan B, LIBOR + 2.25%, 4/30/13

 

 

500,447

 

See Notes to Financial Statements.

14



BlackRock Global Floating Rate Income Trust (BGT) (continued)

 

 

(Percentage of Net Assets)


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal
Amount
(000)

 

Description

 

Value

 










 

 

 

 

 

 

 

Media—(cont’d)

 

 

 

 

 

 

 

$

1,908

 

 

WMG Acquisition Corp., LIBOR + 2.00%, 4/08/11

 

$

1,913,132

 

 

 

 

 

2,500

 

 

Yell Group PLC, Loan B, LIBOR + 2.00%, 2/15/13 (EUR)

 

 

3,334,503

 

 

 

 

 

989

 

 

Young Broadcasting, Inc., LIBOR + 2.50%, 11/01/12

 

 

985,970

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Media

 

 

85,771,021

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Real Estate—1.6%

 

 

 

 

 

 

 

 

997

 

 

Acoustical Materials, LIBOR + 2.75%, 4/30/12

 

 

994,623

 

 

 

 

 

2,250

 

 

Foster Wheeler Ltd., LIBOR - 0.10%, 9/15/11

 

 

2,258,437

 

 

 

 

 

2,596

 

 

Headwaters, Inc., LIBOR + 2.00%, 4/30/11

 

 

2,577,898

 

 

 

 

 

250

 

 

Kyle Acquisition Group, LLC, Loan B, LIBOR + 3.50%, 7/20/09

 

 

249,063

 

 

 

 

 

491

 

 

Masonite Intl. Corp., LIBOR + 2.00%, 4/05/13

 

 

481,003

 

 

 

 

 

400

 

 

Stewart Enterprises, Inc., Loan B, LIBOR + 1.75%, 11/30/11

 

 

400,237

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Real Estate

 

 

6,961,261

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Technology—4.6%

 

 

 

 

 

 

 

 

478

 

 

Activant Solutions, Inc., Loan B, LIBOR + 2.00%, 4/30/13

 

 

473,785

 

 

 

 

 

743

 

 

Affiliated Computer Services, Inc., Loan B, LIBOR + 2.00%, 3/31/13

 

 

744,305

 

 

 

 

 

1,985

 

 

Directed Electronics, Inc., LIBOR + 2.50%, 3/15/10

 

 

1,981,704

 

 

 

 

 

500

 

 

Electrical Components Intl. Holdings Co., LIBOR + 6.50%, 5/19/14

 

 

502,500

 

 

 

 

 

 

 

 

Intergraph Corp.,

 

 

 

 

 

 

 

 

500

 

 

LIBOR, 5/15/14

 

 

502,187

 

 

 

 

 

750

 

 

LIBOR, 11/15/14

 

 

763,125

 

 

 

 

 

997

 

 

Marvell Technology Group Ltd., Loan B, LIBOR + 2.00%, 11/06/09

 

 

996,875

 

 

 

 

 

998

 

 

MetroPCS Wireless, Inc., Loan B, LIBOR + 2.50%, 11/15/13

 

 

1,000,825

 

 

 

 

 

1,343

 

 

Nuance Communications, Inc., LIBOR + 2.00%, 12/29/13

 

 

1,337,466

 

 

 

 

 

 

 

 

RedPrairie Corp.,

 

 

 

 

 

 

 

 

1,250

 

 

LIBOR + 6.50%, 1/31/13

 

 

1,256,250

 

 

 

 

 

995

 

 

Loan B, LIBOR, 7/31/12

 

 

995,000

 

 

 

 

 

 

 

 

Sensata Technologies BV,

 

 

 

 

 

 

 

 

1,496

 

 

LIBOR + 2.00%, 4/30/13 (EUR)

 

 

1,980,063

 

 

 

 

 

1,990

 

 

Loan B, LIBOR + 1.75%, 4/30/13

 

 

1,976,008

 

 

 

 

 

291

 

 

SS&C Technologies, Inc., LIBOR + 2.50%, 11/04/12

 

 

292,626

 

 

 

 

 

2,469

 

 

SunGard Data Systems, Inc., Loan B, LIBOR + 2.50%, 1/05/13

 

 

2,490,640

 

 

 

 

 

2,027

 

 

UGS Corp., LIBOR + 1.75%, 5/30/11

 

 

2,024,556

 

 

 

 

 

1,179

 

 

Westcom Corp., Loan B, LIBOR + 2.75%, 12/31/10

 

 

1,179,443

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Technology

 

 

20,497,358

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Telecommunications—10.0%

 

 

 

 

 

 

 

 

 

 

 

American Cellular Corp.,

 

 

 

 

 

 

 

 

563

 

 

1.00%, 8/15/07

 

 

562,852

 

 

 

 

 

188

 

 

LIBOR + 2.25%, 8/15/07

 

 

188,320

 

 

 

 

 

1,990

 

 

Atlantic Broadband Finance LLC, Loan B1, LIBOR + 2.75%, 1/30/11

 

 

2,018,192

 

 

 

 

 

500

 

 

Cavalier Telephone Corp., Loan B, LIBOR + 4.75%, 11/30/12

 

 

501,250

 

 

 

 

 

2,169

 

 

Centennial Cellular Operating Co., LIBOR + 2.25%, 2/09/11

 

 

2,183,122

 

 

 

 

 

500

 

 

Country Road Communications LLC, LIBOR + 7.75%, 7/15/13

 

 

505,000

 

 

 

 

 

 

 

 

Eircom Group PLC (EUR)

 

 

 

 

 

 

 

 

3,000

 

 

Loan B, LIBOR + 2.38%, 9/15/14

 

 

3,986,268

 

 

 

 

 

3,000

 

 

Loan C, LIBOR, 9/15/15

 

 

3,954,705

 

 

 

 

 

1,000

 

 

Loan D, LIBOR, 3/15/16

 

 

1,353,768

 

 

 

 

 

750

 

 

FairPoint Communications, Inc., LIBOR + 1.75%, 2/15/12

 

 

749,063

 

 

 

 

 

 

 

 

Insight Midwest Holdings LLC,

 

 

 

 

 

 

 

 

3,000

 

 

Loan B, LIBOR, 4/03/14

 

 

3,018,189

 

 

 

 

 

1,000

 

 

Loan B, LIBOR, 4/06/14

 

 

1,006,063

 

 

 

 

 

2,000

 

 

Iowa Telecommunications Services, Inc., Loan B, LIBOR + 1.75%, 11/30/11

 

 

2,001,786

 

 

 

 

 

750

 

 

IPC Acquisition Corp., LIBOR, 8/15/12

 

 

753,750

 

 

 

 

 

990

 

 

Madison River Capital LLC, Loan B1, LIBOR + 2.25%, 7/31/12

 

 

991,714

 

 

 

 

 

1,730

 

 

NTELOS, Inc., LIBOR + 2.25%, 2/24/10

 

 

1,734,731

 

 

 

 

 

 

 

 

NTL Investment Holding Ltd. (GBP)

 

 

 

 

 

 

 

 

2,420

 

 

Loan B2, LIBOR + 2.13%, 9/03/12

 

 

4,727,171

 

 

 

 

 

1,500

 

 

Loan C, LIBOR, 3/03/13

 

 

2,992,070

 

 

 

 

 

746

 

 

Nuvox Communications, LIBOR + 5.00%, 5/15/12

 

 

744,384

 

 

 

 

 

446

 

 

Triton PCS, Inc., LIBOR + 3.25%, 11/15/09

 

 

448,073

 

See Notes to Financial Statements.

15



BlackRock Global Floating Rate Income Trust (BGT) (continued)

 

(Percentage of Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Rating1
(unaudited)

 

Principal
Amount
(000)

 

Description

 

Value

 









 

 

 

 

 

 

 

Telecommunications—(cont’d)

 

 

 

 

 

 

 

$

3,000

 

 

West Corp., LIBOR, 10/31/13

 

$

3,000,468

 

 

 

 

 

 

 

 

Wind Acquisition Finance SA (EUR)

 

 

 

 

 

 

 

 

1,664

 

 

Loan A1, LIBOR + 2.25%, 6/17/12

 

 

2,196,635

 

 

 

 

 

2,000

 

 

Loan B1, LIBOR + 2.75%, 7/31/12

 

 

2,656,601

 

 

 

 

 

2,000

 

 

Loan C1, LIBOR + 3.25%, 7/31/13

 

 

2,669,801

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Telecommunications

 

 

44,943,976

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Transportation—1.0%

 

 

 

 

 

 

 

 

875

 

 

Delta Air Lines, Inc., Loan A, LIBOR + 2.75%, 4/15/08

 

 

881,076

 

 

 

 

 

398

 

 

Kenan Advantage Group, LIBOR + 3.00%, 12/16/11

 

 

400,479

 

 

 

 

 

327

 

 

Sirva Worldwide, Inc., LIBOR + 6.00%, 12/31/09

 

 

295,291

 

 

 

 

 

995

 

 

UAL Corp., LIBOR + 3.75%, 1/31/12

 

 

1,001,574

 

 

 

 

 

1,863

 

 

Vanguard Car Rental Holdings, Inc., Loan B, LIBOR + 3.00%, 6/30/13

 

 

1,872,589

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Transportation

 

 

4,451,009

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Bank Loans

 

 

522,527,285

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Foreign Government Bonds—20.9%

 

 

 

 

B+

 

 

 

3,840

2

 

Argentina Republic, 5.59%, 8/03/12

 

 

2,787,840

 

BB-

 

 

 

2,904

 

 

Bolivarian Republic of Venezuela, 6.25%, 12/18/07

 

 

2,904,355

 

 

 

 

 

 

 

 

Federative Republic of Brazil,

 

 

 

 

BB

 

 

 

475

 

 

10.25%, 6/17/13

 

 

586,625

 

BB

 

 

 

9,435

2,4

 

11.114%, 6/29/09

 

 

10,718,160

 

B+

 

 

 

1,600

 

 

Islamic Republic of Pakistan, 6.75%, 2/19/09

 

 

1,631,981

 

 

 

 

 

4,356

 

 

Kingdom of Morocco, 6.344%, 1/02/09

 

 

4,385,171

 

A-

 

 

 

800

 

 

Malaysia, 8.75%, 6/01/09

 

 

861,616

 

A

 

 

 

2,400

4

 

Republic of Chile, 6.875%, 4/28/09

 

 

2,490,000

 

BB

 

 

 

1,200

2

 

Republic of Colombia, 8.911%, 3/17/13

 

 

1,332,000

 

BB

 

 

 

3,200

 

 

Republic of Costa Rica, 9.335%, 5/15/09

 

 

3,454,400

 

BB+

 

 

 

2,000

 

 

Republic of Panama, 8.25%, 4/22/08

 

 

2,070,000

 

 

 

 

 

 

 

 

Republic of Peru,

 

 

 

 

BB+

 

 

 

5,376

 

 

4.50%, 3/07/17

 

 

5,335,680

 

BB+

 

 

 

2,400

 

 

9.125%, 1/15/08

 

 

2,491,200

 

BBB+

 

 

 

2,400

4

 

Republic of South Africa, 7.375%, 4/25/12

 

 

2,580,000

 

BB-

 

 

 

2,400

 

 

Republic of the Philippines, 8.875%, 4/15/08

 

 

2,509,193

 

NR

 

 

 

950

 

 

Republic of Uruguay, 6.875%, 1/19/16 (EUR)

 

 

1,360,642

 

 

 

 

 

 

 

 

Republic of Venezuela,

 

 

 

 

BB-

 

 

 

1,107

 

 

6.25%, 3/31/07

 

 

1,106,789

 

BB-

 

 

 

4,000

2

 

6.374%, 4/20/11

 

 

3,968,000

 

BB-

 

 

 

4,800

 

 

9.125%, 6/18/07

 

 

4,836,000

 

BB-

 

 

 

2,000

 

 

11.00%, 3/05/08 (EUR)

 

 

2,832,827

 

BBB+

 

 

 

4,000

 

 

Russian Federation, 10.00%, 6/26/07

 

 

4,084,800

 

BB-

 

 

 

2,735

 

 

Turkey, 7.00%, 9/26/16

 

 

2,779,444

 

 

 

 

 

 

 

 

Ukraine,

 

 

 

 

BB-

 

 

 

2,800

3

 

6.875%, 3/04/11

 

 

2,870,000

 

BB-

 

 

 

16,100

2,3,4

 

8.903%, 8/05/09

 

 

17,045,875

 

 

 

 

 

 

 

 

United Mexican States,

 

 

 

 

Baa1

 

 

 

4,800

2,4

 

6.073%, 1/13/09

 

 

4,843,200

 

NR

 

 

 

10,000

 

 

8.00%, 12/24/08 (MXN)

 

 

939,276

 

NR

 

 

 

9,820

 

 

9.00%, 12/22/11 (MXN)

 

 

972,001

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Foreign Government Bonds

 

 

93,777,075

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

Shares

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stocks—0.0%

 

 

 

 

 

 

 

 

947

6,7

 

Critical Care Systems Intl., Inc.

 

 

7,576

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Long-Term Investments (cost $704,936,819)

 

 

713,476,868

 

 

 

 

 

 

 

 

 

 



 

See Notes to Financial Statements.

16



BlackRock Global Floating Rate Income Trust (BGT) (continued)

 

(Percentage of Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal
Amount
(000)

 

Description

 

 

Value

 










 

 

 

 

 

 

 

SHORT-TERM INVESTMENTS—0.2%

 

 

 

 

 

 

 

 

 

 

 

U.S. Government and Agency Discount Notes—0.2%

 

 

 

 

 

 

 

 

 

 

 

Federal National Mortgage Assoc. Disc. Notes,

 

 

 

 

 

 

 

$

400

8

 

5.185%, 1/08/07

 

$

399,599

 

 

 

 

 

600

8

 

5.193%, 1/19/07

 

 

598,451

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Short-Term Investments (cost $998,050)

 

 

998,050

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Investments—159.1% (cost $705,934,8699)

 

$

714,474,918

 

 

 

 

 

 

 

 

Liabilities in excess of other assets—(4.9)%

 

 

(21,820,349

)

 

 

 

 

 

 

 

Preferred shares at redemption value, including dividends payable—(54.2)%

 

 

(243,590,006

)

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Net Assets Applicable to Common Shareholders—100%

 

$

449,064,563

 

 

 

 

 

 

 

 

 

 



 


 

 

1

Using the highest of S&P’s, Moody’s or Fitch’s ratings.

 

2

Variable rate security. Rate shown is interest rate as of December 31, 2006.

 

3

Security is not registered under the Securities Act of 1933. These securities may be resold in transactions in accordance with Rule 144A under that Act, to qualified institutional buyers. As of December 31, 2006, the Trust held 7.7% of its net assets, with a current market value of $34,495,587, in securities restricted as to resale.

 

4

Entire or partial principal amount pledged as collateral for reverse repurchase agreements. See Note 4 in the Notes to Financial Statements for details of open reverse repurchase agreements.

 

5

Issuer is in default and/or bankruptcy.

 

6

Security is fair valued. As of December 31, 2006, the Trust held 0.3% of its net assets, with a current market value of $1,507,576 in these securities.

 

7

Non-income producing security.

 

8

Rate shown is the yield to maturity as of the date of purchase.

 

9

Cost for federal income tax purposes is $706,005,264. The net unrealized appreciation on a tax basis is $8,469,654, consisting of $13,826,318 gross unrealized appreciation and $5,356,664 gross unrealized depreciation.

 

 

 

For Trust compliance purposes, the Trust’s sector and industry classifications refer to any one or more of the Standard Industry Codes as defined by the SEC. This definition may not apply for purposes of this report, which may combine sector and industry sub-classifications for reporting ease.


 

 

 

 

 

 

 

KEY TO ABBREVIATIONS

 

CHF

Swiss Franc

 

MXN

Mexican Peso

EUR

Euro

 

PRIME

Prime Rate

GBP

British Pound

 

TBD

To Be Determined

LIBOR

London Interbank Offered Rate

 

 

 

See Notes to Financial Statements.

17



 

PORTFOLIO OF INVESTMENTS
DECEMBER 31, 2006

BlackRock High Income Shares (HIS)

 

(Percentage of Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Rating1
(unaudited)

 

Principal
Amount
(000)

 

Description

 

Value

 









 

 

 

 

 

 

 

LONG-TERM INVESTMENTS—135.9%

 

 

 

 

 

 

 

 

 

 

 

Corporate Bonds—134.0%

 

 

 

 

 

 

 

 

 

 

 

Aerospace & Defense—2.5%

 

 

 

 

BB

 

 

$

200

 

 

AAR Corp., 6.875%, 12/15/07

 

$

200,000

 

B2

 

 

 

550

 

 

Argo-Tech Corp., 9.25%, 6/01/11

 

 

594,000

 

B

 

 

 

1,990

 

 

DI Finance/DynCorp Intl., Ser. B, 9.50%, 2/15/13

 

 

2,109,400

 

 

 

 

 

 

 

 

DRS Technologies, Inc.,

 

 

 

 

B

 

 

 

170

 

 

6.875%, 11/01/13

 

 

171,275

 

B

 

 

 

170

 

 

7.625%, 2/01/18

 

 

175,100

 

BB+

 

 

 

90

 

 

L-3 Communications Corp., 5.875%, 1/15/15

 

 

86,850

 

BB

 

 

 

270

 

 

Sequa Corp., 9.00%, 8/01/09

 

 

288,900

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Aerospace & Defense

 

 

3,625,525

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Automotive—4.9%

 

 

 

 

B

 

 

 

170

 2

 

Ashtead Capital, Inc., 9.00%, 8/15/16

 

 

181,900

 

 

 

 

 

 

 

 

AutoNation, Inc.,

 

 

 

 

BB+

 

 

 

360

 

 

7.00%, 4/15/14

 

 

362,700

 

BB+

 

 

 

360

 3

 

7.374%, 4/15/13

 

 

361,800

 

BB-

 

 

 

70

 2,3

 

Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 7.874%, 5/15/14

 

 

67,550

 

 

 

 

 

 

 

 

Goodyear Tire & Rubber Co.,

 

 

 

 

B-

 

 

 

50

 

 

7.857%, 8/15/11

 

 

50,250

 

B2

 

 

 

545

 2

 

8.625%, 12/01/11

 

 

561,350

 

B

 

 

 

775

 2

 

Lear Corp., 8.75%, 12/01/16

 

 

748,844

 

BB-

 

 

 

22

 

 

Meritor Automotive, Inc., 6.80%, 2/15/09

 

 

21,560

 

B3

 

 

 

935

 

 

Metaldyne Corp., 10.00%, 11/01/13

 

 

1,000,450

 

B+

 

 

 

1,910

 

 

Rent-A-Center, Inc., 7.50%, 5/01/10

 

 

1,914,775

 

CCC+

 

 

 

525

 

 

Stanadyne Corp., 10.00%, 8/15/14

 

 

539,437

 

BB-

 

 

 

550

 

 

TRW Automotive, Inc., 9.375%, 2/15/13

 

 

589,875

 

B

 

 

 

760

 2

 

United Auto Group, Inc., 7.75%, 12/15/16

 

 

760,950

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Automotive

 

 

7,161,441

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Basic Materials—14.2%

 

 

 

 

B+

 

 

 

930

 

 

Abitibi-Consolidated, Inc., 6.00%, 6/20/13 (Canada)

 

 

744,000

 

B+

 

 

 

595

 

 

AK Steel Corp., 7.75%, 6/15/12

 

 

599,462

 

B-

 

 

 

1,200

 

 

Alpha Natural Resources LLC/Alpha Natural Resources Capital Corp., 10.00%, 6/01/12

 

 

1,302,000

 

BB-

 

 

 

160

 

 

Bowater Canada Finance Corp., 7.95%, 11/15/11 (Canada)

 

 

156,800

 

BB-

 

 

 

350

 3

 

Bowater, Inc., 8.36%, 3/15/10

 

 

353,500

 

B+

 

 

 

275

 

 

Catalyst Paper Corp., 7.375%, 3/01/14 (Canada)

 

 

260,562

 

BB+

 

 

 

60

 

 

Chemtura Corp., 6.875%, 6/01/16

 

 

57,750

 

B-

 

 

 

540

 

 

CPG Intl. I, Inc., 10.50%, 7/01/13

 

 

550,125

 

BB-

 

 

 

1,010

 

 

Del Monte Corp., 8.625%, 12/15/12

 

 

1,065,550

 

 

 

 

 

 

 

 

Domtar, Inc. (Canada)

 

 

 

 

B2

 

 

 

160

 

 

7.125%, 8/15/15

 

 

156,800

 

B2

 

 

 

100

 

 

7.875%, 10/15/11

 

 

103,750

 

B+

 

 

 

390

 

 

Donohue Forest Products, 7.625%, 5/15/07 (Canada)

 

 

389,025

 

 

 

 

 

 

 

 

Equistar Chemicals LP/Equistar Funding Corp.,

 

 

 

 

BB-

 

 

 

125

 

 

8.75%, 2/15/09

 

 

130,938

 

BB-

 

 

 

2,780

 

 

10.125%, 9/01/08

 

 

2,953,750

 

BB-

 

 

 

1,250

 

 

10.625%, 5/01/11

 

 

1,331,250

 

B3

 

 

 

500

 2

 

Huntsman Intl. LLC, 7.375%, 1/01/15

 

 

496,250

 

Ba3

 

 

 

1,450

 

 

Huntsman LLC, 11.625%, 10/15/10

 

 

1,584,125

 

B+

 

 

 

475

 2

 

Ineos Group Holdings PLC, 8.50%, 2/15/16 (United Kingdom)

 

 

453,625

 

B3

 

 

 

2,205

 

 

Innophos, Inc., 8.875%, 8/15/14

 

 

2,238,075

 

B

 

 

 

300

 

 

Jacuzzi Brands, Inc., 9.625%, 7/01/10

 

 

318,750

 

 

 

 

 

 

 

 

Lyondell Chemical Co.,

 

 

 

 

BB-

 

 

 

390

 

 

8.00%, 9/15/14

 

 

404,625

 

BB-

 

 

 

710

 

 

8.25%, 9/15/16

 

 

745,500

 

BB

 

 

 

180

 2

 

Mosaic Co., 7.625%, 12/01/16

 

 

186,525

 

B-

 

 

 

345

 

 

Nalco Co., 8.875%, 11/15/13

 

 

365,269

 

See Notes to Financial Statements.

18



BlackRock High Income Shares (HIS) (continued)

 

(Percentage of Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Rating1
(unaudited)

 

Principal
Amount
(000)

 

Description

 

Value

 









 

 

 

 

 

 

 

Basic Materials—(cont’d)

 

 

 

 

 

 

 

 

 

 

 

NewPage Corp.,

 

 

 

 

B2

 

 

$

1,040

 

 

10.00%, 5/01/12

 

$

1,097,200

 

B3

 

 

 

250

 

 

12.00%, 5/01/13

 

 

264,375

 

 

 

 

 

 

 

 

Nova Chemicals Corp. (Canada)

 

 

 

 

BB

 

 

 

260

 

 

6.50%, 1/15/12

 

 

246,350

 

BB

 

 

 

880

 3

 

8.502%, 11/15/13

 

 

880,000

 

CCC+

 

 

 

1,034

 2

 

Pregis Corp., 12.375%, 10/15/13

 

 

1,119,305

 

B+

 

 

 

162

 

 

Rhodia SA, 10.25%, 6/01/10 (France)

 

 

184,680

 

B-

 

 

 

25

 2

 

Verso Paper Holdings LLC/Verson Paper, Inc., 11.375%, 8/01/16

 

 

26,250

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Basic Materials

 

 

20,766,166

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Building & Development—2.4%

 

 

 

 

B-

 

 

 

450

 

 

Goodman Global Holding Co., Inc., 7.875%, 12/15/12

 

 

442,125

 

Ba2

 

 

 

1,000

 

 

K Hovnanian Enterprises, Inc., 7.75%, 5/15/13

 

 

997,500

 

B3

 

 

 

470

 

 

Nortek, Inc., 8.50%, 9/01/14

 

 

460,600

 

B3

 

 

 

1,560

 

 

North American Energy Partners, Inc., 8.75%, 12/01/11 (Canada)

 

 

1,567,800

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Building & Development

 

 

3,468,025

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Business Equipment & Services—0.2%

 

 

 

 

Ba2

 

 

 

275

 2

 

FTI Consulting, Inc., 7.75%, 10/01/16

 

 

285,313

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Commercial Services—0.5%

 

 

 

 

B-

 

 

 

275

 2,3

 

NCO Group, Inc., 10.244%, 11/15/13

 

 

273,625

 

B+

 

 

 

400

 2

 

Quebecor World, Inc., 9.75%, 1/15/15 (Canada)

 

 

403,792

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Commercial Services

 

 

677,417

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Consumer Products—9.2%

 

 

 

 

CCC+

 

 

 

1,070

 3

 

Ames True Temper, Inc., 9.374%, 1/15/12

 

 

1,086,050

 

B3

 

 

 

510

 2

 

Burlington Coat Factory Warehouse Corp., 11.125%, 4/15/14

 

 

497,250

 

B2

 

 

 

280

 2

 

Education Management LLC/Education Management Corp., 8.75%, 6/01/14

 

 

289,800

 

B-

 

 

 

680

 

 

Finlay Fine Jewelry Corp., 8.375%, 6/01/12

 

 

651,100

 

B

 

 

 

928

 

 

Gold Kist, Inc., 10.25%, 3/15/14

 

 

1,069,436

 

B-

 

 

 

2,354

 

 

Lazy Days RV Center, Inc., 11.75%, 5/15/12

 

 

2,248,070

 

B

 

 

 

110

 3

 

Levi Strauss & Co., 10.11%, 4/01/12

 

 

112,888

 

CC

 

 

 

1,230

 

 

Merisant Co., 9.50%, 7/15/13

 

 

731,850

 

 

 

 

 

 

 

 

Michaels Stores, Inc.,

 

 

 

 

B2

 

 

 

1,160

 2

 

10.00%, 11/01/14

 

 

1,206,400

 

Caa1

 

 

 

1,470

 2

 

11.375%, 11/01/16

 

 

1,532,475

 

B2

 

 

 

240

 

 

Neiman-Marcus Group, Inc., 9.00%, 10/15/15

 

 

261,900

 

B3

 

 

 

185

 2,3

 

Nutro Products, Inc., 9.40%, 10/15/13

 

 

191,475

 

BB-

 

 

 

400

 

 

Quiksilver, Inc., 6.875%, 4/15/15

 

 

393,000

 

BB+

 

 

 

350

 

 

Reynolds American, Inc., 7.625%, 6/01/16

 

 

370,837

 

B+

 

 

 

250

 

 

Rite Aid Corp., 8.125%, 5/01/10

 

 

255,312

 

CCC

 

 

 

620

 

 

Spectrum Brands, Inc., 7.375%, 2/01/15

 

 

536,300

 

CCC+

 

 

 

235

 

 

Swift & Co., 12.50%, 1/01/10

 

 

240,288

 

 

 

 

 

 

 

 

United Rentals NA, Inc.,

 

 

 

 

B

 

 

 

1,400

 

 

7.00%, 2/15/14

 

 

1,373,750

 

B

 

 

 

500

 

 

7.75%, 11/15/13

 

 

501,875

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Consumer Products

 

 

13,550,056

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Containers & Packaging—6.8%

 

 

 

 

 

 

 

 

 

 

 

Berry Plastics Holding Corp.,

 

 

 

 

B2

 

 

 

695

 2

 

8.875%, 9/15/14

 

 

705,425

 

B2

 

 

 

375

 2,3

 

9.235%, 9/15/14

 

 

379,687

 

B+

 

 

 

430

 

 

Crown Americas LLC/Crown Americas Capital Corp., 7.75%, 11/15/15

 

 

446,125

 

B

 

 

 

1,575

 

 

Crown Cork & Seal, Inc., 8.00%, 4/15/23

 

 

1,535,625

 

B

 

 

 

285

 

 

Crown European Holdings SA, 7.375%, 12/15/26

 

 

266,475

 

CCC+

 

 

 

125

 

 

Graham Packaging Co., Inc., 8.50%, 10/15/12

 

 

126,250

 

B-

 

 

 

140

 

 

Graphic Packaging Intl. Corp., 9.50%, 8/15/13

 

 

147,700

 

B1

 

 

 

775

 2,3

 

Impress Holdings BV, 8.512%, 9/15/13

 

 

780,345

 

B+

 

 

 

1,000

 

 

Jefferson Smurfit Corp., 7.50%, 6/01/13

 

 

940,000

 

B

 

 

 

2,600

 

 

Owens Brockway, 8.25%, 5/15/13

 

 

2,687,750

 

B+

 

 

 

1,847

 

 

Smurfit-Stone Container Enterprises, Inc., 9.75%, 2/01/11

 

 

1,904,719

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Total Containers & Packaging

 

 

9,920,101

 

 

 

 

 

 

 

 

 

 



 

See Notes to Financial Statements.

19



BlackRock High Income Shares (HIS) (continued)

 

(Percentage of Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Rating1
(unaudited)

 

Principal
Amount
(000)

 

Description

 

Value

 









 

 

 

 

 

 

 

Ecological Services & Equipment—1.0%

 

 

 

 

BB-

 

 

$

200

 

 

Allied Waste NA, Inc., Ser. B, 8.50%, 12/01/08

 

$

210,250

 

B