BlackRock Floating Rate Income Strat. Fn

BlackRock Floating Rate Income Strategies Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments. The Fund invests, under normal market conditions, at least 80% of its assets in floating rate debt securities, including floating or variable rate debt securities that pay interest at rates that adjust whenever a specified interest rate changes and/or which reset on predetermined dates. It invests a portion of its investments in floating rate debt securities consisting of secured or unsecured senior floating rate loans that are rated below investment grade. It may invest directly in floating rate debt securities or synthetically through the use of derivatives. The Fund's manager is BlackRock Advisors, LLC.