Profile: Blackrock Floating Rate Income Strategies Fund, Inc. (FRA)

BlackRock Floating Rate Income Strategies Fund, Inc. is a diversified closed-end management investment company. The Fund seeks current income and preservation of capital. It utilizes leverage through borrowings.

BlackRock Floating Rate Income Strategies Fund, Inc. invests in a diversified, leveraged portfolio consisting primarily of floating-rate debt securities and instruments. BlackRock Advisors, LLC. is the manager of the Fund. The Fund invests in floating rate loans, which are generally non-investment grade, made by banks, other financial institutions, and privately and publicly offered corporations. The portfolio of the BlackRock Floating Rate Income Strategies Fund, Inc. comprises floating rate loan interests (76%), corporate bonds (22%) and common stocks (2%) as of February 29, 2008.