BRLN Profile
Blackrock
Floating Rate Income Strategies Fund Inc. (BRLN) is a diversified,
closed-end management investment company. It invests in a diversified
portfolio of primarily floating rate senior secured U.S. corporate
loans and other debt instruments. The fund's objective is to provide
shareholders with high current income and preservation of capital. It
seeks to achieve its investment objective by investing primarily in a
portfolio of U.S. dollar-denominated floating rate senior secured
corporate loans.
As of September 30, 2021, the fund had total
assets of approximately $202 million and a net asset value per share
of $20.31. The fund's portfolio had a weighted average yield of 3.71%
and an effective duration of 0.16 years. The fund's expenses ratio is
1.05%.
Investing in BRLN carries risks, including credit risk,
interest rate risk, and liquidity risk. The value of the fund's shares
will fluctuate with changes in market conditions, interest rates, and
the credit quality of the issuers in the fund's portfolio. In
addition, the fund's investments in non-investment grade and unrated
securities and in foreign securities subject the fund to additional
risks. The fund's use of leverage also exposes it to additional risks.
Investors should carefully consider the fund's investment objective,
risks, charges, and expenses before
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