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.

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Flaherty & Crumrine Total Return Fund Inc

John Hancock Preferred Income Fund

PIMCO Income Strategy Fund

PIMCO Income Strategy Fund II

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

FRA is invested in mostly floating rate loans; these should benefit and act as a hedge with higher rates coming. The fund currently sports a 5.8% distribution yield that is quite attractive for income investors

FRA: 5.8% Distribution Yield, Floating Rate Investments

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Vanguard Total Bond Market ETF

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Eagle Point Credit

Eagle Point Credit Company Inc 7.75 % Pfd Registered Shs 2016-30.10.26 Series B

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

Eagle Point Cr 6.75 % Notes 2017-30.09.27

First Trust Senior Floating Rate Income Fund II

Highland Income Fund

Nuveen Floating Rate Income Fund

Nuveen Credit Strategies Income Fund

Nuveen Floating Rate Income Opportunity Fund ETF

Nuveen Short Duration Credit Opportunities Fund

Nuveen Senior Income Fund

Oxford Lane Capital

Oxford Lane Capital Corp 6.75 % Cum Red Pfd Shs Series -2024-

Oxford Lane Capital Corp 7 1/2 % Term Cum Pfd Shs Series -2023-

SPDR S&P 500 ETF Trust

 SPDR Blackstone Senior Loan ETF

Invesco Dynamic Credit Opportunities Fund

Invesco Senior Income Trust

As we enter the fourth quarter of 2021, we are inching closer to the eventual rate hikes from the Fed. We've been continuing to monitor the senior loan fund space to find some opportunities worth exploring.

Closed-End Funds: Senior Loan Funds Q4 2021 Update

FRA showed up as one of the top choices for a senior loan fund in our latest screening. The fund's discount has narrowed significantly since that time but remains a viable option to consider for taking advantage of higher rates.

BlackRock Floating Rate Income Strategies Fund: Don't Fear Higher Interest Rates, Embrace Them

Debt investments with floating rates, typically funds that focus on senior loan investments, should do well when rates rise. We know that the next logical step for interest rates is for the Fed to increase rates, this should happen over the next couple of years.

FRA: Floating Rate Fund Worth Taking A Look At

Alpine Global Dynamic Dividend Fund

Alpine Total Dynamic Dividend Fund

Ares Dynamic Credit Allocation Fund

Barings Global Short Duration High Yield Fund

BlackRock Floating Rate Income Trust

Blackstone Long-Short Credit Income Fund

Blackstone/GSO Senior Floating Rate Term Fund

Brandywine Global Income Opportunities Fund Inc

BlackRock Maryland Municipal Bond Trust

MFS High Yield Municipal Trust

BNY Mellon High Yield Strategies Fund 

Western Asset High Yield Defined Opportunity Fund Inc

KKR Income Opportunities Fund

Pioneer Municipal High Income Advantage Trust

BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield Investment Fund

BlackRock MuniYield Arizona Fund Inc

Neuberger Berman New York Municipal Fund

Nuveen Texas Quality Municipal Income Fund

Nuveen Michigan Quality Municipal Income Fund

PIMCO Dynamic Income Fund

Only funds with coverage >100% are considered.

The Chemist's Quality Closed-End Fund Report: September 2019

Floating rate is the quintessential barometer by retail investors on rate sentiment. Right now, they are pulling money out of floaters due to the dovish Fed tilt.

Assessing If The Time Is Right To Get Into Floating Rate

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