Wolverine Asset Management LLC Buys New Shares in BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

Wolverine Asset Management LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 79,798 shares of the investment management company’s stock, valued at approximately $940,000.

A number of other large investors also recently modified their holdings of the company. Raymond James Financial Inc. lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 42.4% during the 3rd quarter. Raymond James Financial Inc. now owns 323,357 shares of the investment management company’s stock valued at $4,197,000 after buying an additional 96,273 shares in the last quarter. GraniteShares Advisors LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth $2,707,000. Edgemoor Investment Advisors Inc. boosted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 7.2% during the 3rd quarter. Edgemoor Investment Advisors Inc. now owns 201,353 shares of the investment management company’s stock valued at $2,614,000 after purchasing an additional 13,536 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 3.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 181,082 shares of the investment management company’s stock valued at $2,331,000 after purchasing an additional 6,358 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 79.9% during the first quarter. Royal Bank of Canada now owns 165,544 shares of the investment management company’s stock valued at $2,139,000 after purchasing an additional 73,518 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.4%

Shares of FRA stock opened at $11.14 on Thursday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12-month low of $10.50 and a 12-month high of $13.41. The stock’s 50-day moving average price is $11.00 and its 200-day moving average price is $11.61.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.1238 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 13.3%.

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.