NYSE: FRA

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• BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA)
• Yield: 11.27%
• Shares for $15,000: 1,142
• Total monthly dividend income: ~$140.87

In terms of AUM, BlackRock is the largest asset manager on the planet Earth, with a recently reported $10.5 trillion AUM. As such, it would not come as a surprise to anyone looking at the finance industry that BlackRock has some form of representation in every segment and aspect of finance and trading. The New York headquartered BlackRock Floating Rate Income Strategies Fund, Inc. is BlackRock’s presence in the private and public credit, high-yield arena. With $593 million AUM to date, the BlackRock Floating Rate Income Strategies Fund’s portfolio holds roughly 62% of B rated securities, 22.5% rated BB, and 8% below B. The three largest issuer holdings are from Alliance Holdings Intermediate Llc (1.46%), Inmarsat PLC / Connect  US FINCO (1.40%), and Realpage, Inc. (1.30%).