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BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)

Sector: Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices Region: United States


: | New York Stock Exchange: FRA


Similar to: Dunedin Smaller Companies Investment Trust Plc, BlackRock MuniYield Arizona Fund, Inc., BlackRock Muni New York Intermediate Duration Fund, Inc.

BlackRock Floating Rate Income Strategies Fund, Inc.’s (FRA) (the 'Fund') investment objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in floating rate debt securities, including floating or variable rate debt securities that pay interest at rates that adjust whenever a specified interest rate changes and/or which reset on predetermined dates (such as the last day of a month or calendar quarter). The Fund invests a substantial portion of its investments in floating rate debt securities consisting of secured or unsecured senior floating rate loans that are rated below investment grade. The Fund may invest directly in such securities or synthetically through the use of derivatives.

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