FRA News and Press, Blackrock Floating Rate Income Strategies Fund Inc From 05/12/23

2023-05-12 05:00:23 ET What’s up with floating-rate funds? Why haven’t they all, well, floated higher in price as interest rates have risen over the past couple of years? Is there any hope that they’ll finally float ? Today we’ll discuss f...

2023-05-09 16:52:27 ET Summary Investors are in desperate need of additional sources of income since the rapidly rising cost of living has strained many budgets. BlackRock Floating Rate Income Strategies Fund Inc invests in a portfolio of floating-rate debt securities that offer a...

2023-05-09 12:42:18 ET BlackRock Floating Rate Income Strategies Fund ( NYSE: FRA ) declared $0.1116/share monthly dividend , in line with previous. Forward yield 11.45% Payable May 31; for shareholders of record May 15; ex-div May 12. See FRA Dividend Scorec...

Please replace the release dated April 11, 2023, with the following corrected version due to changes in the table, "Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023" . The updated release reads: BLACKROCK CLOSED-END FUND SHARE REPURCHASE P...

2023-04-04 06:53:36 ET BlackRock Floating Rate Income Strategies Fund Inc ( NYSE: FRA ) declares $0.1116/share monthly dividend , in line with previous. Forward yield 11.3% Payable April 28; for shareholders of record April 14; ex-div April 13. See FRA Divide...

2023-03-20 17:47:39 ET Summary NAD is a leveraged municipal bond fund emphasizing higher credit quality. PAI is a non-leveraged fund focused on investment-grade corporate bonds. Both funds are trading at significant discounts to their net asset values, presenting a potential o...

2023-03-16 08:03:51 ET Summary 19 out of 22 CEF sectors were positive on price and 12 out of 22 sectors were positive on NAV last week. Delaware/Abrdn mergers are closing this week. BlackRock senior loan CEFs (FRA/BGT) boost distributions, but equity and muni funds cut. ...

2023-03-05 09:15:00 ET Summary XFLT yields 12.64% and pays monthly. We cover several other monthly floating rate CEFs. Performance, yields, and current discounts are compared for all of these funds. Looking for ways to benefit from floating rates? There are a number of f...

BlackRock Floating Rate Income Strategies Fund ( NYSE: FRA ) declares $0.1116/share monthly dividend , 38.8% increase from prior dividend of $0.0804. Forward yield 11.16% Payable March 31; for shareholders of record March 15; ex-div March 14. See FRA Dividend Sco...

Summary While interest rate hikes might be nearing an end, there are still some left to go that floating rate funds can benefit from. FRA continues to trade at an attractive discount, making it a potential option for investors to consider. They can bump up their distribution for sha...