BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.

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

This closed-end fixed income fund is sponsored by BlackRock, Inc. and managed by BlackRock Advisors, LLC. The fund was established in October 2003 and operates as a United States-domiciled investment vehicle focused on the U.S. fixed income markets. Its primary investment objective is to generate current income by allocating capital to floating rate debt securities.

The fund's portfolio concentrates on below-investment-grade floating rate instruments, including secured and unsecured senior floating rate loans issued by corporations across diversified sectors. This exposure to sub-investment-grade credit and variable rate securities positions the fund to benefit from floating rate environments while accepting corresponding credit risk. As a closed-end structure, the fund issues a fixed number of shares and trades on the New York Stock Exchange under the ticker FRA.

BlackRock Advisors manages the fund's portfolio and related operations from the firm's New York headquarters. The fund's asset base stands at approximately $0.4 billion, reflecting its scale within BlackRock's broader suite of fixed income offerings.