BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) to Issue Monthly Dividend of $0.12 on February 27th

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) declared a monthly dividend on Friday, January 2nd. Investors of record on Friday, February 13th will be given a dividend of 0.1238 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Friday, February 13th.

BlackRock Floating Rate Income Strategies Fund Stock Performance

NYSE FRA traded up $0.03 during mid-day trading on Wednesday, reaching $11.74. 56,117 shares of the stock were exchanged, compared to its average volume of 236,973. The business’s 50 day moving average is $11.82 and its 200-day moving average is $12.46. BlackRock Floating Rate Income Strategies Fund has a 1 year low of $10.90 and a 1 year high of $13.41.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FRA. Guggenheim Capital LLC increased its stake in BlackRock Floating Rate Income Strategies Fund by 13.2% during the 2nd quarter. Guggenheim Capital LLC now owns 1,444,837 shares of the investment management company’s stock worth $18,985,000 after buying an additional 168,986 shares in the last quarter. Marathon Strategic Advisors LLC raised its position in shares of BlackRock Floating Rate Income Strategies Fund by 18.1% in the third quarter. Marathon Strategic Advisors LLC now owns 330,896 shares of the investment management company’s stock valued at $4,295,000 after buying an additional 50,660 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 42.4% in the third quarter. Raymond James Financial Inc. now owns 323,357 shares of the investment management company’s stock worth $4,197,000 after buying an additional 96,273 shares in the last quarter. Edgemoor Investment Advisors Inc. raised its holdings in BlackRock Floating Rate Income Strategies Fund by 47.1% in the 4th quarter. Edgemoor Investment Advisors Inc. now owns 296,213 shares of the investment management company’s stock valued at $3,489,000 after acquiring an additional 94,860 shares during the last quarter. Finally, GraniteShares Advisors LLC purchased a new position in BlackRock Floating Rate Income Strategies Fund during the fourth quarter worth approximately $2,707,000.

About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.