BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)

US — Financial Services Sector
Peers: BGT  JRO  EFT  EFR  JFR 

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Key Metrics & Ratings

  • symbol FRA
  • Rev/Share 2.142
  • Book/Share 12.8912
  • PB 1.0108
  • Debt/Equity 0.0
  • CurrentRatio 0.0
  • ROIC 0.1382

 

  • MktCap 460682165.0
  • FreeCF/Share 1.806
  • PFCF 7.2253
  • PE 6.6998
  • Debt/Assets 0.0
  • DivYield 0.1141
  • ROE 0.1489

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 3
  • DCF Score 3
  • P/B Score 2
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
No ratings available.

News

FRA: Net Asset Value Destruction Continues As The Fund Maintains Distributions
FRA
Published: June 02, 2025 by: Seeking Alpha
Sentiment: Negative

FRA offers a high yield (11.69%) but is overdistributing, causing net asset value destruction and threatening sustainability. The fund is trading at a premium to NAV, while most peers trade at discounts, making it relatively expensive given its risks. FRA's income will likely decline further as the Fed cuts rates, increasing the likelihood of a distribution cut and share price drop.

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image for news FRA: Net Asset Value Destruction Continues As The Fund Maintains Distributions

About BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)

  • IPO Date 2003-10-29
  • Website https://www.blackrock.com/investing/products/240189/blackrock-floating-rate-income-strategies-fund-inc-usd-fund
  • Industry Asset Management - Income
  • CEO Mr. Charles Choon Sik Park
  • Employees None
BlackRock Floating Rate Income Strategies Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in floating rate debt securities and instruments consisting of secured or unsecured senior floating rate loans that are rated below investment grade. BlackRock Floating Rate Income Strategies Fund, Inc. was formed on October 31, 2003 and is domiciled in the United States.