February 2015 Newsletter to Clients

Enjoy this month’s edition which features an announcement from TD Ameritrade on their new iPhone application and an article discussing a recent investment in BGT by a Blackrock Kelso Investment Committee member.

AdvisorClient® Mobile App: We are pleased to announce that you can now take the convenience of AdvisorClient.com with you, wherever you go, with the launch of AdvisorClient Mobile. AdvisorClient Mobile enables you to view your real-time account balances, positions and transaction history from your Apple iPhones.*

Other convenient features include:

• Consolidated account balances
• Remote check deposit
• Detailed quotes
• Third-party research
• Quick access to Advisor contact information

We encourage all existing clients with AdvisorClient.com access to visit the AppStore to begin using AdvisorClient Mobile today! Also, any existing clients that would like to add this functionality are encouraged to contact the Lexington office.

*AdvisorClient Mobile is designed for Apple iPhones but will also function on Apple iPads.

BlackRock Floating Rate Income Trust (NYSE:BGT): Leland Hart, Managing Director, is a member of Americas Fixed Income within Alpha Strategies. He is the Head of the Bank Loans Team. He is also a member of the BlackRock Kelso Investment Committee.

On Wednesday, January 14th, Leland Hart acquired 7,000 shares of BlackRock Floating Rate Income Trust stock. The stock was purchased at an average cost of $12.80 per share, for a total transaction of $89,600.00. Hart purchased another 7,000 shares of the company’s stock on the open market in a transaction dated Friday, January 16th. The shares were purchased at an average cost of $12.87 per share, for a total transaction of $90,090.00. Following the completion of the transaction, the portfolio manager now directly owns 14,000 shares in the company, valued at approximately $180,180. The acquisition was disclosed in a legal filing with the SEC.

BlackRock Floating Rate Income Trust is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income. The Fund’s secondary investment objective is to seek the preservation of capital.

Mr. Hart's service with the firm dates back to 2000, including his years with R3 Capital Partners, which was acquired by BlackRock in 2009. He was a Partner and Head of Europe Leveraged Loans at R3 Capital Partners. Previously, he spent eight years with Lehman Brothers, most recently as a Managing Director in Leveraged Capital Markets focused on the origination, structuring, and distribution of leveraged loans, mezzanine debt, high yield bonds, and equity-linked securities. Earlier, he was in the firm's Leveraged Finance Group. Before joining Lehman Brothers, he was with Bank of America's High Yield Group and the Private Placement Group of Continental Bank, a predecessor firm.

Mr. Hart also serves as a board member of the Loan Syndications and Trading Association.

Mr. Hart earned a BA degree, cum laude, from Middlebury College in 1991 and a MBA degree from the University of Chicago in 1997.

Thank you for your continuing confidence.

Past performance is no guarantee of future results. The opinions expressed are those of Moneywatch Advisors, Inc. and are no guarantee of the future performance of any particular fund. This information is for educational purposes only and is not intended as investment advice. Please consult your financial advisor for more detailed information or for advice regarding your individual situation.