FRA Research | Milton Maxwell

FRA

BlackRock Floating Rate Income Strategies Fund, Inc.

11.69

+0.02+0.17%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

414.23M

P/E (TTM)

13.44

Basic EPS (TTM)

0.87

Dividend Yield

0.13%

Recent Filings

8-K

Standstill pact with Saba

1/21/25Jan 21, 2025

BlackRock Floating Rate Income Strategies Fund signed a standstill agreement with Saba Capital on January 20, 2025. Saba pledges to vote shares per Board recommendations and skip activism through 2027 annual meeting or August 31, 2027. Mutual no-disparagement binds both. Stability reigns.

8-K

Fund classifies board

10/28/16Oct 28, 2016

BlackRock Floating Rate Income Strategies Fund elected to be subject to Maryland General Corporation Law Section 3-803 on October 28, 2016, and simultaneously amended and restated its bylaws to classify the Board into three classes. Class I: Egan, Castellano, Lynch. Class II: Hubbard, Kester, Perlowski, Robards. Class III: Cavanagh, Fabozzi, Harris, Novick. Board terms now staggered.

8-K

Annual meeting set July 28

2/4/11Feb 4, 2011

BlackRock Floating Rate Income Strategies Fund scheduled its 2011 Annual Meeting of Shareholders for July 28, 2011, as announced February 4. Rule 14a-8 proposals due by February 28; director nominations or other proposals by February 14. Routine governance step. Deadlines lock in now.

8-K

Bylaws amended and restated

9/21/10Sep 21, 2010

BlackRock Floating Rate Income Strategies Fund's board fully amended and restated its bylaws on September 17, 2010, effective immediately. The changes, filed under Regulation FD, update governance rules without disclosed financial impact. Bylaws attached as Exhibit 3.1. No strategic rationale provided.

8-K

Bylaws restated for uniformity

10/7/08Oct 7, 2008

BlackRock Floating Rate Income Strategies Fund restated its bylaws effective May 29, 2008, standardizing them across BlackRock's closed-end funds. Changes enable Direct Registration System eligibility and add advance notice rules for shareholder proposals, effective post-2008 annual meeting. Routine alignment. Bylaws attached as Exhibit 3.1.

About

BlackRock Floating Rate Income Strategies Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in floating rate debt securities and instruments consisting of secured or unsecured senior floating rate loans that are rated below investment grade. BlackRock Floating Rate Income Strategies Fund, Inc. was formed on October 31, 2003 and is domiciled in the United States.

CEO

Mr. Charles Choon Sik Park

IPO

10/29/2003

Website

https://www.blackrock.com/investing/products/240189/blackrock-floating-rate-income-strategies-fund-inc-usd-fund

Sector

Financial Services

Industry

Asset Management