FRA: Still A Good Way To Earn An Attractive 11% Yield Today (Rating Upgrade) [Seeking Alpha]
Blackrock Floating Rate Income Strategies Fund Inc (FRA)
US:NYSE Investor Relations:
blackrock.com/investing/products/240189/blackrock-floating-rate-income-strategies-fund-inc-usd-fund
Company Research
Source: Seeking Alpha
The FRA closed-end fund's performance has been strong, outperforming both the floating-rate index and the Bloomberg U.S. Aggregate Bond Index over time. The fund has increased its exposure to BBB-rated securities in the last few months, which may please risk-averse investors. Inflation trends are not positive, which makes the rate cut narrative very difficult to believe. As long as rates remain high, FRA should perform well. The fund is trading at a discount and it is one of the only leveraged loan funds to make an ROC distribution in 2023. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The BlackRock Floating Rate Income Strategies Fund Inc NYSE: FRA ) is a closed-end fund, or CEF, that income-focused investors can use in pursuit of their goals. The fund has a very attractive 11.46% yield at the current share price, which is not exactly surprising. After all, as I have p
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FRA
Sec Filings
- 3/14/24 - Form N-CEN
- 3/6/24 - Form N-CSR
- 2/26/24 - Form NPORT-P
- FRA's page on the SEC website