Morningstar, Inc. Commentaries
Mar 25, 2014
Click here to access 2 BlackRock Funds File for At-the-Market Offerings
Last week, BlackRock filed to implement an at-the-market (ATM) shelf offering program for two of their funds: BlackRock Limited Duration Income (BLW) and BlackRock Floating Rate Strategies (FRA). Considering that both funds are currently trading at substantial discounts, this is a strange move.