Blackrock Floating Rate Income Strategies Fund Inc (FRA)


Stock Price Forecast

July 28, 2021


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About the Company

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.

$365M

Total Revenue

None

Employees

$3B

Market Capitalization

-17.84

Price/Earning ratio

Fundamental Data and Insider Transactions (Quarterly data) Full Screen

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Latest $FRA News

DSU: This Dynamic Credit Fund Is Positioned For 'Higher For Longer'

14d ago, source: Seeking Alpha

There are several securities in the BlackRock Debt Strategies Fund that possess a floating-rate coupon of around ...

BlackRock launches two actively-managed income ETFs in Europe

2d ago, source: portfolio-adviser.com

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16h ago, source:

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