Blackrock Floating Rate Income Strategies Fund Inc

BlackRock Floating Rate Income Strategies Fund, Inc. operates as a closed-end investment fund. It intends to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting of floating rate debt securities and instruments. The company was founded on August 14, 2003 and is headquartered in Wilmington, DE.

iShares 1-3 Year Treasury Bond ETF

iShares 20+ Year Treasury Bond ETF

Vanguard Mortgage-Backed Securities ETF

Consider shifting to areas of the market that are less sensitive to inflation expectations.

Bonds Are in Turmoil Again. How to Protect Your Portfolio.

Advent Convertible and Income Fund

First Trust Senior Floating Rate Income Fund II

Nuveen Floating Rate Income Fund

PIMCO Access Income Fund

PennantPark Investment

Prospect Capital

RiverNorth Opportunities Fund, Inc.

Western Asset Diversified Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

These 10 Dividend Stocks Are Generating $520 In Dividend Income Every Month

The BlackRock Floating Rate Income Strategies Fund currently trades at a 4% premium. It has historically traded at a discount, making it less attractive now. FRA's income may decrease as the Fed is likely to lower short-term rates, impacting floating rate loans negatively. The possibility of a distribution cut could deter investors seeking high payouts, further reducing FRA's appeal.

FRA: This Floating Rate Fund Is Overvalued, It Is Time To Sell Or Trim

Alliance Resource Partners

Brookfield Renewable Partners

Bristol-Myers

British American Tobacco

Blackstone Secured Lending Fund

Dow Inc

Everest Group Ltd

Euroseas

Expedia

Frontline

Primis Financial Corp.

Harrow Health Inc

Medical Properties Trust

Noble Corp PLC

Newtek Business Services

NewLake Capital Partners, Inc.

NVIDIA

Nexstar Media Group

Patria Investments

Petroleo Brasileiro

Provident Financial Services

PayPal

Papa John's

Sachem Capital

I have a diversified portfolio of stocks, funds, and bonds. My stocks are primarily dividend paying value stocks. One can find dividend stocks with superior estimated total returns by comparing their return drivers – earnings growth, dividend yield and valuation - to historic trends. This article compares the earnings growth, dividend yield, current valuation, and estimated future return of 53 stocks.

Don't Buy AI Stocks, Buy The Best Dividend Total Return Stocks

The BlackRock Floating Rate Income Strategies Fund offers a competitive yield of 11.06%, in line with its peers. The Fund has delivered a fairly impressive return over the past few months, but there are signs that it is now overvalued. The fund appears to be reducing the risk profile of its portfolio, which is a smart move given the potential for rising default rates.

FRA: Latest GDP Report Casts Doubt On Rate Cut Narrative

Apollo Senior Floating Rate Fund

American Tower

Ellington Residential Mortgage REIT

Enterprise Products Partners

Energy Transfer LP Unit

First Trust MLP & Energy Income Fund

First Trust Energy Infrastructure Fund

GAMCO Global Gold. Natural Resources & Income Trust

MPLX

Newmont Mining

PIMCO Dynamic Income Opportunities Fund

Prologis

Cohen & Steers Real Estate Opportunities and Income Fund

Sabine Royalty Trust

Welltower

Intrexon

$178.25   Dynamic Income Opportunities Fund (NYSE:PDO) 14.21% $177.63 Apollo Senior Floating Rate Fund Inc.

Want $1,200 per Month in Passive Income? Invest in These Stocks

The BlackRock Floating Rate Income Strategies Fund Inc offers a high yield of 11.46% due to its investment in speculative-grade floating-rate securities.

FRA: Still A Good Way To Earn An Attractive 11% Yield Today (Rating Upgrade)

BlackRock Health Sciences Trust II

Saba Capital Income & Opportunities Fund

abrdn Healthcare Investors 

Nuveen AMT-Free Municipal Value Fund

OFS Credit Company Inc

Invesco S&P 500 Equal Weight ETF

Special Opportunities Fund Inc

SPDR S&P 500 ETF Trust

SPDR S&P Biotech ETF

Health Care Select Sector SPDR Fund

Equity and fixed-income markets had another strong month in December, driven by continuing retreating risk-free Treasury rates. We even saw an improvement in the breadth of the overall market, with broader participation lifting some of the beaten-down sectors for the year. That said, closed-end fund discounts remain historically wide, and that continues to drive opportunity in the CEF wrapper.

5 Closed-End Fund Buys In The Month Of December 2023 (Plus 1 Sell)

The BlackRock Floating Rate Income Strategies Fund Inc specializes in providing investors with a high level of current income, with an attractive 11.97% yield. The FRA closed-end fund invests in floating-rate securities, which are stable in terms of price regardless of interest rate movements. While the FRA fund has not seen significant gains in the current market environment, investors have made a 4.50% total return in four months.

FRA: A Good Way To Hedge Your 2024 Interest Rate Risk

BlackRock Taxable Municipal Bond Trust

BlackRock Enhanced Equity Dividend Trust

BlackRock Floating Rate Income Trust

Morgan Stanley China A Share Fund Inc

Blackrock Debt Strategies Fund Inc

Eaton Vance Municipal Income 2028 Term Trust

First Trust Mortgage Income Fund

Templeton Global Income Fund

Western Asset High Income Fund

Western Asset High Yield Defined Opportunity Fund Inc

Western Asset Investment Grade Defined Opportunity Trust

Nuveen Mortgage Opportunity Term Fund

Deutsche Municipal Income Trust

Morgan Stanley Emerging Markets Debt Fund

Nuveen Municipal Credit Opportunities Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Putnam High Income Securities Fund

PIMCO Income Strategy Fund II

Franklin Templeton Emerging Markets Income Fund

Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, meaning higher rates for longer. Discounts for CEFs continue to tread water, with real estate and interest rate-sensitive bond sectors performing well, while emerging market equity and convertibles performed poorly.

CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities

BlackRock Floating Rate Income Strategies Fund is benefiting from higher rates by the Fed and continues to generate growing NII. The fund's discount has narrowed, making it even less appealing for entry at the current price, but in my opinion, it remains a viable option for maintaining a position. FRA offers a high distribution yield and, with the anticipation of fewer rate cuts going forward, is likely to remain attractive for longer.

FRA: Continuing To Benefit From Higher Rates

Apollo Tactical Income Fund, Inc.

Pioneer Floating Rate Trust

Invesco Senior Income Trust

Interest rates are likely to remain elevated due to the strong U.S. economy, despite inflation concerns. The U.S. debt has reached a record high, and fears of a government shutdown are exacerbating market concerns. Investing in CEFs that hold floating rate senior loans can provide a high yield income stream that benefits from rising interest rates.

Rising Interest Rates Got You Down? Try Floating Above The Fear

BlackRock Credit Allocation Income Trust

MFS High Yield Municipal Trust

DoubleLine Income Solutions Fund

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance

Flaherty & Crumrine Total Return Fund Inc

Deutsche Strategic Municipal Income Trust

Nuveen Dynamic Municipal Opportunities Fund

Nuveen Municipal Income Fund Inc

Nuveen Select Tax-Free Income Portfolio

Nuveen Municipal Credit Income Fund

Pimco High Income Fund

Putnam Master Intermediate Income Trust

Pimco New York Municipal Income Fund

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Western Asset Premier Bond Fund

Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of historical observations. The risk-reward in the taxable bond CEF space is on the downside, while the upside potential in municipal CEFs is significant, but dependent on a shift in Fed policy and inflation.

CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best

The high rate of inflation in the U.S. is a major problem, with the consumer price index showing a significant increase following the economic lockdowns in 2020. Wages have not kept up with the cost of living, forcing people to resort to desperate measures to support themselves. Investing in closed-end funds that specialize in generating income, such as the BlackRock Floating Rate Income Strategies Fund, can be a way to earn income and combat inflation.

FRA: A Good 11%-Yielding CEF To Buy For Income Today

We review CEF market valuation and performance through the first week of July and highlight recent market action. CEFs were roughly flat on the week as NAVs fell while discounts remained resilient. CEF discounts tend to be procyclical, which remains an odd but welcome feature of the CEF market.

CEF Weekly Review: Discount Pro-Cyclicality Is Not Fully Rational

Floating rate funds, such as BlackRock Floating Rate Income Strategies Fund, have benefited from the Fed's interest rate hikes and could still be a worthwhile investment option. The fund's discount has narrowed recently but still represents a fairly attractive entry level for investors. Investors should consider their outlook on interest rates and potential risks, such as a recession, when deciding whether to invest in FRA or other floating rate funds.

FRA: Another Distribution Increase

Investors are in desperate need of additional sources of income since the rapidly rising cost of living has strained many budgets. BlackRock Floating Rate Income Strategies Fund Inc invests in a portfolio of floating-rate debt securities that offer a great deal of interest rate protection compared to ordinary bonds.

FRA: Earn A High Yield And Reduce Your Interest Rate Risk

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

19 out of 22 CEF sectors were positive on price and 12 out of 22 sectors were positive on NAV last week. Delaware/Abrdn mergers are closing this week.

Weekly Closed-End Fund Roundup - March 5, 2023

While interest rate hikes might be nearing an end, there are still some left to go that floating rate funds can benefit from. FRA continues to trade at an attractive discount, making it a potential option for investors to consider.

FRA: Discounted Floating Rate Fund

Eagle Point Credit

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eagle Point Income Company Inc

BlackRock MuniYield Quality Fund Inc

We review CEF market valuation and performance through the third week of February and highlight recent market action. Nearly all CEF sectors were down as worries about further rises in the policy rate returned on the back of upside inflation surprises.

CEF Weekly Review: EPS More Instructive Than Coverage These Days

Blackrock Inc

BlackRock Utilities Infrastructure & Power Opportunities Trust

Calamos Convertible Opportunities And Income Fund

Calamos Convertible And High Income Fund

Ellsworth Growth and Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Clough Global Opportunities Fund

abrdn Life Sciences Investors 

Waste Management

We have now closed on the first month of the new year, but my strategy of buying every month hasn't changed. The new year has started off with a bang, with the broader indexes jumping higher.

Kicking Off The New Year With 7 Closed-End Fund Buys In The Month Of January 2023

BlackRock announced its latest distributions earlier this month, with several boosts and cuts. Of those that boosted, two of those were FRA and BGT.

FRA And BGT: Distribution Boosts And Wide Discounts

The latest semi-annual report shows FRA had covered its distribution in the last six months. That was from the prior reporting period, when they had trimmed the payout.

FRA: Fully Covered 6.59% Distribution, Protection From Rising Rates

FRA is trading around some of the lowest discount levels it has ever experienced. There are risks, but some of these risks seem to be largely factored in due to the valuation.

FRA: Deeply Discounted

Flaherty & Crumrine Dynamic Preferred & Income Fund

John Hancock Preferred Income Fund

PIMCO Income Strategy Fund

Pimco New York Municipal Income Fund II

Pimco New York Municipal Income Fund III

Recent market volatility has opened up discount valuation divergences between very similar CEFs.

Pick Up Yield In These CEF Relative Value Switches

News for Blackrock Floating Rate Income Strategies Fund Inc ETF (FRA)