FRA

BlackRock Floating Rate Income Strategies Fund is a diversified closed-end management investment company. The fund's primary investment objective is to provide high current income by investing in floating rate debt securities and instruments. The portfolio typically consists of senior secured floating rate loans, bonds, and other debt instruments whose interest payments adjust periodically based on changes in short-term interest rates. This structure helps provide some protection against rising interest rate environments while generating income for shareholders through regular distributions.