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LIBOR Plus

BlackRock Financial Management's over-collateralization cushion is growing on its Magnetite I market-value CDO.

BlackRock Financial Management 's over-collateralization cushion is growing on its Magnetite I market-value CDO. The fund consists of 41% high-yield loans, 43% high-yield bonds and 15% mezzanine and special situation assets. Fitch Ratings has upgraded six classes of notes, attributing the performance to improved credit markets and sound investment decisions.

 

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