N-Q 1 d29087dnq.htm BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC. BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21413

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

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Floating Rate Income Strategies Fund, Inc., 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 08/31/2016

Date of reporting period: 11/30/2015


Item 1 – Schedule of Investments


Consolidated Schedule of  Investments
November 30, 2015 (Unaudited)
  

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

(Percentages shown are based on Net Assets)

 

Common Stocks (a)         

Shares

    Value  

Chemicals — 0.0%

     

GEO Specialty Chemicals, Inc.

      143,928      $ 64,768   

GEO Specialty Chemicals, Inc. (b)

      23,849        10,732   
     

 

 

 
                      75,500   

Diversified Consumer Services — 0.2%

     

Houghton Mifflin Harcourt Co.

            53,827        1,063,621   

Diversified Financial Services — 0.0%

     

Kcad Holdings I Ltd.

            309,827,230        24,786   

Semiconductors & Semiconductor Equipment — 0.0%

  

 

SunPower Corp.

            1,860        44,566   
Total Common Stocks — 0.2%                     1,208,473   
     
                         
Asset-Backed Securities (b)  

Par  

(000)

        

ALM Loan Funding (c):

     

Series 2012-5A, Class BR, 3.31%, 10/18/27

    USD        740        724,090   

Series 2013-7R2A, Class B, 2.92%, 4/24/24

      555        545,445   

Series 2013-7RA, Class C, 3.77%, 4/24/24

      1,075        1,050,369   

Series 2013-7RA, Class D, 5.32%, 4/24/24

      900        872,168   

ALM XIV Ltd., Series 2014-14A, Class C, 3.77%, 7/28/26 (c)

      713        653,728   

ALM XVI Ltd./ALM XVI LLC, Series 2015-16A, Class B, 3.16%, 7/15/27 (c)

      1,420        1,396,286   

AMMC CLO 15 Ltd., Series 2014-15A, Class D, 4.48%, 12/09/26 (c)

      1,250        1,212,500   

Ares CLO Ltd., Series 2014-32A, Class C, 4.56%, 11/15/25 (c)

      1,000        955,100   

Ares XXXVII CLO Ltd., Series 2015-4A, Class C, 4.58%, 10/15/26 (c)

      350        337,750   

Atlas Senior Loan Fund Ltd., Series 2014-6A, Class D, 4.02%, 10/15/26 (c)

      860        796,529   

Atrium CDO Corp., Series 9A, Class D, 3.91%, 2/28/24 (c)

      1,350        1,274,980   

Atrium X, Series 10A, Class D, 3.82%, 7/16/25 (c)

      250        231,462   

Atrium XII, Series 12A, Class D, 3.90%, 10/22/26 (c)

      250        239,675   
Asset-Backed Securities (b)   

Par  

(000)

    Value  

Benefit Street Partners CLO II Ltd., Series 2013-IIA, Class C, 3.82%, 7/15/24 (c)

     USD        650      $ 594,447   

Benefit Street Partners CLO VII Ltd., Series 2015-VIIA, Class B, 3.24%, 7/18/27 (c)

       680        660,688   

Benefit Street Partners CLO VIII, Ltd., Series 2015-8A (c)(d):

      

Class B, 3.32%, 1/20/28

       500        483,650   

Class C, 4.22%, 1/20/28

       500        463,800   

BlueMountain CLO Ltd., Series 2013-1A, Class C, 3.76%, 5/15/25 (c)

       500        470,542   

Carlyle Global Market Strategies CLO Ltd. (c):

      

Series 2012-4A, Class D, 4.79%, 1/20/25

       700        699,883   

Series 2013-1A, Class C, 4.36%, 2/14/25

       250        241,794   

Cent CLO 22 Ltd., Series 2014-22A, Class C, 4.09%, 11/07/26 (c)

       625        592,875   

CIFC Funding 2014-II, Ltd., Series 2014-2A, Class A3L, 3.23%, 5/24/26 (c)

       280        268,993   

CIFC Funding Ltd. (c):

      

Series 2013-4A, Class D, 3.91%, 11/27/24

       250        237,625   

Series 2014-3A, Class C1, 3.12%, 7/22/26

       250        241,176   

LCM XVIII LP, Series 18A, Class INC, 0.00%, 4/20/27 (e)

       2,500        1,779,791   

Madison Park Funding XI Ltd., Series 2013-11A, Class D, 3.82%, 10/23/25 (c)

       620        584,541   

Octagon Investment Partners XVII Ltd., Series 2013-1A, Class D, 3.52%, 10/25/25 (c)

       1,000        893,449   

Octagon Investment Partners XXI Ltd., Series 2014-1A, Class C, 4.01%, 11/14/26 (c)

       500        465,877   

OZLM Funding Ltd. (c):

      

Series 2012-1A, Class BR, 3.32%, 7/22/27

       455        447,439   

Series 2012-2A, Class C, 4.67%, 10/30/23

       500        495,051   

OZLM VII Ltd., Series 2014-7A, Class C, 3.92%, 7/17/26 (c)

       250        230,028   

OZLM VIII Ltd., Series 2014-8A, Class B, 3.32%, 10/17/26 (c)

       475        460,541   

Regatta Funding LP, Series 2013-2A, Class C, 4.32%, 1/15/25 (c)

       500        489,398   
 

 

                
   BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015    1


Consolidated Schedule of Investments (continued)

  

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

 

 

Asset-Backed Securities (b)          

Par  

(000)

    Value  

Seneca Park CLO Ltd., Series 2014-1A, Class C, 3.22%, 7/17/26 (c)

     USD        250      $ 243,708   

Sound Point CLO III, Ltd., Series 2013-2A, Class D, 4.22%, 7/15/25 (c)

       250        236,790   

Sound Point CLO IV Ltd., Series 2013-3A, Class A, 1.66%, 1/21/26 (c)

       640        633,053   

Sound Point CLO Ltd., Series 2014-3A, Class D, 3.92%, 1/23/27 (c)

       1,250        1,140,636   

Treman Park CLO LLC, Series 2015-1A, Class D, 4.13%, 4/20/27 (c)

       1,400        1,316,000   

Venture XXI CLO Ltd., Series 2015-21A, Class A, 1.77%, 7/15/27 (c)

       663        653,121   

Voya CLO Ltd., Series 2014-4A, Class C, 4.32%, 10/14/26 (c)

       1,000        941,810   

Wind River CLO, Ltd., Series 2012-1A Class D, 5.32%, 1/15/24 (c)

             250        250,300   
Total Asset-Backed Securities — 4.9%                26,507,088   
      
                          
Corporate Bonds                      

Airlines — 0.7%

      

American Airlines Pass-Through Trust, Series 2013-2, Class C, 6.00%, 1/15/17 (b)

       1,125        1,154,546   

Delta Air Lines Pass-Through Trust, Series 2009-1, Class B, 9.75%, 6/17/18

       166        176,954   

US Airways Pass-Through Trust, Series 2012-2, Class C, 5.45%, 6/03/18

       2,605        2,605,000   
      

 

 

 
                       3,936,500   

Auto Components — 0.1%

      

Icahn Enterprises LP/Icahn Enterprises Finance Corp., 3.50%, 3/15/17

             717        717,000   

Banks — 0.0%

      

CIT Group, Inc., 5.00%, 8/01/23

             135        137,194   

Capital Markets — 0.2%

      

Blackstone CQP Holdco LP, 9.30%, 3/19/19

       944        953,426   
Corporate Bonds          

Par  

(000)

    Value  

Capital Markets (continued)

      

E*Trade Financial Corp., 0.00%, 8/31/19 (b)(e)(f)

     USD        129      $ 380,512   
      

 

 

 
                       1,333,938   

Chemicals — 0.3%

      

GEO Specialty Chemicals, Inc., 7.50%, 10/30/18

             1,559        1,824,133   

Commercial Services & Supplies — 0.1%

      

Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 3.16%, 12/01/17 (c)

       295        295,738   

AWAS Aviation Capital Ltd., 7.00%, 10/17/16 (b)

       315        315,099   
      

 

 

 
                       610,837   

Communications Equipment — 0.1%

      

Avaya, Inc., 7.00%, 4/01/19 (b)

             390        307,125   

Containers & Packaging — 0.3%

      

Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 3.34%, 12/15/19 (b)(c)

             1,425        1,400,063   

Health Care Equipment & Supplies — 0.1%

      

DJO Finance LLC/DJO Finance Corp., 8.13%, 6/15/21 (b)

             315        283,500   

Health Care Providers & Services — 0.3%

      

Tenet Healthcare Corp., 3.84%, 6/15/20 (b)(c)

             1,375        1,356,094   

Hotels, Restaurants & Leisure — 0.0%

      

Tropicana Entertainment LLC/Tropicana Finance Corp., 9.63%, 12/15/16 (a)(g)

             120          

Media — 0.8%

      

Altice Financing SA, 6.63%, 2/15/23 (b)

       550        545,528   

Altice US Finance I Corp., 5.38%, 7/15/23 (b)

       1,225        1,225,000   

CCO Safari II LLC, 4.91%, 7/23/25 (b)

       1,870        1,898,471   

Numericable Group SA, 6.00%, 5/15/22 (b)

       842        831,475   
      

 

 

 
                       4,500,474   

Oil, Gas & Consumable Fuels — 0.4%

      

California Resources Corp., 5.50%, 9/15/21

       1,425        855,000   

CONSOL Energy, Inc., 5.88%, 4/15/22

       620        406,100   
 

 

                
2    BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015   


Consolidated Schedule of Investments (continued)

  

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

 

Corporate Bonds          

Par  

(000)

    Value  

Oil, Gas & Consumable Fuels (continued)

      

MEG Energy Corp., 7.00%, 3/31/24 (b)

     USD        850      $ 720,375   
      

 

 

 
                       1,981,475   

Pharmaceuticals — 0.2%

  

 

Valeant Pharmaceuticals International, Inc., 5.38%, 3/15/20 (b)

             900        805,500   

Wireless Telecommunication Services — 0.2%

  

 

Sprint Communications, Inc., 7.00%, 3/01/20 (b)

             1,205        1,229,853   
Total Corporate Bonds — 3.8%                      20,423,686   
      
                          
Floating Rate Loan Interests (c)                      

Aerospace & Defense — 1.4%

      

BE Aerospace, Inc., 2014 Term Loan B, 4.00%, 12/16/21

       2,763        2,760,652   

DigitalGlobe, Inc., Term Loan B, 3.75%, 1/31/20

       263        255,499   

TASC, Inc., 2nd Lien Term Loan, 12.00%, 5/30/21

       1,175        1,199,969   

Transdigm, Inc.:

      

2015 Term Loan E, 3.50%, 5/14/22

       876        846,739   

Term Loan C, 1.00%, 2/28/20

       1,660        1,617,122   

Term Loan D, 3.75%, 6/04/21

       815        793,098   
      

 

 

 
                       7,473,079   

Air Freight & Logistics — 0.6%

  

 

CEVA Group PLC, Synthetic LC, 6.50%, 3/19/21

       693        597,048   

CEVA Intercompany BV, Dutch Term Loan, 6.50%, 3/19/21

       720        620,170   

CEVA Logistics Canada ULC, Canadian Term Loan, 6.50%, 3/19/21

       113        97,087   

CEVA Logistics US Holdings, Inc., Term Loan, 6.50%, 3/19/21

       993        855,407   

XPO Logistics, Inc., Term Loan, 5.50%, 11/01/21

       1,335        1,329,166   
      

 

 

 
                       3,498,878   

Airlines — 0.7%

  

 

Delta Air Lines, Inc., 2018 Term Loan B1, 3.25%, 10/18/18

       1,411        1,407,611   

Northwest Airlines, Inc.:

      

2.39%, 3/10/17

       391        387,420   

1.77%, 9/10/18

       718        696,460   
Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Airlines (continued)

      

US Airways Group, Inc., Term Loan B1, 3.50%, 5/23/19

     USD        1,127      $ 1,116,790   
      

 

 

 
                       3,608,281   

Auto Components — 3.0%

  

 

Affinia Group Intermediate Holdings, Inc., Term Loan B2, 4.75%, 4/27/20

       1,051        1,045,865   

Autoparts Holdings Ltd.:

      

1st Lien Term Loan, 7.00%, 7/29/17

       2,646        1,984,741   

2nd Lien Term Loan, 11.00%, 1/29/18

       907        429,074   

Dayco Products LLC, Term Loan B, 5.25%, 12/12/19

       1,118        1,104,487   

FPC Holdings, Inc., 1st Lien Term Loan, 5.25%, 11/19/19

       1,532        1,248,325   

Gates Global, Inc., Term Loan B, 4.25%, 7/05/21

       8,617        8,039,055   

GPX International Tire Corp., Term Loan (a)(g):

      

0.00%, 3/31/12

       1,097          

PIK, 0.00%, 3/30/12 (h)

       18          

INA Beteiligungsgesellschaft mbH, Term Loan B, 4.25%, 5/15/20

       682        682,730   

The Goodyear Tire & Rubber Co., 2nd Lien Term Loan, 3.75%, 4/30/19

       1,454        1,452,960   
      

 

 

 
                       15,987,237   

Automobiles — 0.4%

  

 

Chrysler Group LLC, Term Loan B:

      

2018, 3.25%, 12/31/18

       813        806,530   

3.50%, 5/24/17

       1,397        1,393,381   
      

 

 

 
                       2,199,911   

Banks — 0.3%

  

 

Redtop Acquisitions Ltd.:

      

1st Lien Term Loan, 4.50%, 12/03/20

       1,145        1,136,028   

2nd Lien Term Loan, 8.25%, 6/03/21

       305        295,438   
      

 

 

 
                       1,431,466   

Biotechnology — 0.1%

  

 

AMAG Pharmaceuticals, Inc., 2015 1st Lien Term Loan, 4.75%, 8/13/21

             845        794,300   

Building Materials — 0.6%

  

 

USAGM HoldCo LLC:

      

2015 2nd Lien Term Loan, 9.50%, 7/28/23

       645        620,812   
 

 

                
   BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015    3


Consolidated Schedule of Investments (continued)

  

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

 

Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Building Materials (continued)

  

 

USAGM HoldCo LLC (continued):

      

2015 Term Loan, 4.75%, 7/28/22

     USD        2,454      $ 2,346,519   
      

 

 

 
                       2,967,331   

Building Products — 3.1%

  

 

Continental Building Products LLC, 1st Lien Term Loan, 4.00%, 8/28/20

       1,274        1,263,586   

CPG International, Inc., Term Loan, 4.75%, 9/30/20

       5,179        5,010,849   

GYP Holdings III Corp., 1st Lien Term Loan, 4.75%, 4/01/21

       1,189        1,149,807   

Hanson Building Products Ltd., 1st Lien Term Loan, 6.50%, 3/13/22

       319        309,355   

Jeld-Wen, Inc., Term Loan B, 5.25%, 10/15/21

       3,042        3,029,662   

Ply Gem Industries, Inc., Term Loan, 4.00%, 2/01/21

       1,005        988,374   

Quikrete Holdings, Inc., 1st Lien Term Loan, 4.00%, 9/28/20

       1,679        1,668,030   

Wilsonart LLC:

      

Incremental Term Loan B2, 4.00%, 10/31/19

       496        484,691   

Term Loan B, 4.00%, 10/31/19

       2,816        2,751,274   
      

 

 

 
                       16,655,628   

Capital Markets — 1.0%

  

 

Affinion Group, Inc., Term Loan B, 6.75%, 4/30/18

       1,349        1,253,799   

American Capital Holdings, Inc., 2017 Term Loan, 3.50%, 8/22/17

       861        859,100   

RPI Finance Trust, Term Loan B4, 3.50%, 11/09/20

       3,377        3,344,903   
      

 

 

 
                       5,457,802   

Chemicals — 3.5%

  

 

Allnex (Luxembourg) & Cy SCA, Term Loan B1, 4.50%, 10/03/19

       1,090        1,079,571   

Allnex USA, Inc., Term Loan B2, 4.50%, 10/03/19

       566        560,137   

Axalta Coating Systems US Holdings, Inc., Term Loan, 3.75%, 2/01/20

       2,145        2,121,310   

CeramTec Acquisition Corp., Term Loan B2, 4.25%, 8/30/20

       115        114,083   

Charter NEX US Holdings, Inc., Term Loan B, 5.25%, 2/07/22

       975        969,996   
Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Chemicals (continued)

  

 

Chemtura Corp., Term Loan B, 3.50%, 8/27/16

     USD        243      $ 242,117   

Evergreen Acqco 1 LP, Term Loan, 5.00%, 7/09/19

       306        248,912   

INEOS US Finance LLC, 6 Year Term Loan, 3.75%, 5/04/18

       705        690,810   

Klockner-Pentaplast of America, Inc., Term Loan, 5.00%, 4/28/20

       730        728,696   

MacDermid, Inc.:

      

1st Lien Term Loan, 4.50%, 6/07/20

       1,699        1,646,344   

Term Loan B2, 4.75%, 6/07/20

       144        139,869   

Term Loan B3, 1.00%, 6/07/20

       1,030        1,001,356   

OXEA Finance LLC:

      

2nd Lien Term Loan, 9.50%, 7/15/20

       1,365        1,230,779   

Term Loan B2, 4.25%, 1/15/20

       2,499        2,386,545   

Royal Holdings, Inc.:

      

2015 1st Lien Term Loan, 4.50%, 6/19/22

       1,132        1,121,690   

2015 2nd Lien Term Loan, 8.50%, 6/19/23

       465        460,736   

Solenis International LP:

      

1st Lien Term Loan, 4.25%, 7/31/21

       1,530        1,496,099   

2nd Lien Term Loan, 7.75%, 7/31/22

       1,725        1,565,437   

Tata Chemicals North America, Inc., Term Loan B, 3.75%, 8/07/20

       523        507,591   

The Chemours Co., Term Loan B, 3.75%, 5/12/22

       844        780,231   
      

 

 

 
                       19,092,309   

Commercial Services & Supplies — 6.8%

  

 

ADMI Corp., 2015 Term Loan B, 5.50%, 4/30/22

       1,171        1,172,794   

ADS Waste Holdings, Inc., Term Loan, 3.75%, 10/09/19

       3,075        3,001,742   

ARAMARK Corp.:

      

Extended Synthetic Line of Credit 2, 0.04%, 7/26/16

       20        20,071   

Extended Synthetic Line of Credit 3, 3.65%, 7/26/16

       14        14,010   

Term Loan E, 3.25%, 9/07/19

       2,518        2,504,784   

Term Loan F, 3.25%, 2/24/21

       856        847,212   

Asurion LLC, Term Loan B4, 5.00%, 8/04/22

       1,297        1,197,549   
 

 

                
4    BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015   


Consolidated Schedule of Investments (continued)

  

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

 

Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Commercial Services & Supplies (continued)

  

 

Brand Energy & Infrastructure Services, Inc., Term Loan B, 4.75%, 11/26/20

     USD        3,761      $ 3,467,328   

Catalent Pharma Solutions, Inc., Term Loan B, 4.25%, 5/20/21

       3,322        3,282,939   

Connolly Corp.:

      

1st Lien Term Loan, 4.50%, 5/14/21

       2,992        2,946,207   

2nd Lien Term Loan, 8.00%, 5/14/22

       1,500        1,486,245   

Creative Artists Agency LLC, Term Loan B, 5.50%, 12/17/21

       953        950,018   

Dealer Tire LLC, Term Loan B, 5.50%, 12/22/21

       863        862,510   

KAR Auction Services, Inc., Term Loan B2, 3.50%, 3/11/21

       1,337        1,328,402   

Koosharem LLC, Exit Term Loan, 7.50%, 5/15/20

       2,370        2,316,763   

Livingston International, Inc., 1st Lien Term Loan, 5.00%, 4/18/19

       1,329        1,239,665   

PSSI Holdings LLC, Term Loan B, 5.00%, 12/02/21

       1,638        1,629,437   

Spin Holdco, Inc., Term Loan B, 4.25%, 11/14/19

       4,563        4,430,425   

US Ecology, Inc., Term Loan, 3.75%, 6/17/21

       700        697,325   

Waste Industries USA, Inc., Term Loan B, 4.25%, 2/27/20

       918        917,250   

West Corp., Term Loan B10, 3.25%, 6/30/18

       2,606        2,563,826   
      

 

 

 
                       36,876,502   

Communications Equipment — 1.8%

  

 

Applied Systems, Inc.:

      

1st Lien Term Loan, 4.25%, 1/25/21

       1,418        1,391,936   

2nd Lien Term Loan, 7.50%, 1/24/22

       380        364,325   

Avaya, Inc., Term Loan B7, 6.25%, 5/29/20

       1,002        758,268   

CommScope, Inc., Term Loan B5, 3.75%, 12/29/22

       915        903,279   

Riverbed Technology, Inc., Term Loan B, 6.00%, 4/24/22

       542        540,543   

Telesat Canada, Term Loan A, 3.89%, 3/24/17

     CAD        1,938        1,445,381   

Zayo Group LLC, Term Loan B, 3.75%, 5/06/21

     USD        4,515        4,459,573   
      

 

 

 
                       9,863,305   
Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Construction & Engineering — 0.1%

  

 

AECOM Technology Corp., 2014 Term Loan B, 3.75%, 10/15/21

     USD        616      $ 615,316   

Construction Materials — 0.5%

  

 

Filtration Group Corp., 1st Lien Term Loan, 4.25%, 11/21/20

       1,424        1,389,193   

Headwaters, Inc., Term Loan B, 4.50%, 3/24/22

       733        731,483   

McJunkin Red Man Corp., Term Loan, 4.75%, 11/08/19

       442        426,156   
      

 

 

 
                       2,546,832   

Containers & Packaging — 1.2%

  

 

Ardagh Holdings USA, Inc., Incremental Term Loan, 4.00%, 12/17/19

       1,331        1,318,859   

Berry Plastics Holding Corp.:

      

Term Loan E, 3.75%, 1/06/21

       1,246        1,230,763   

Term Loan F, 4.00%, 10/01/22

       3,278        3,253,797   

BWAY Holding Co., Inc., Term Loan B, 5.50%, 8/14/20

       822        797,693   
      

 

 

 
                       6,601,112   

Distributors — 0.6%

  

 

ABC Supply Co., Inc., Term Loan, 3.50%, 4/16/20

       1,637        1,623,766   

American Tire Distributors Holdings, Inc., 2015 Term Loan, 5.25%, 9/01/21

       1,542        1,541,602   
      

 

 

 
                       3,165,368   

Diversified Consumer Services — 2.7%

  

 

Allied Security Holdings LLC:

      

1st Lien Term Loan, 4.25%, 2/12/21

       2,848        2,784,398   

2nd Lien Term Loan, 8.00%, 8/13/21

       1,417        1,335,977   

Bright Horizons Family Solutions, Inc.:

      

Incremental Term Loan B1, 4.50%, 1/30/20

       238        238,350   

Term Loan B, 4.00%, 1/30/20

       2,747        2,740,884   

CT Technologies Intermediate Holdings, Inc., 1st Lien Term Loan, 5.25%, 12/01/21

       1,199        1,179,130   

ROC Finance LLC, Term Loan, 5.00%, 6/20/19

       1,058        993,245   

ServiceMaster Co., 2014 Term Loan B, 4.25%, 7/01/21

       5,310        5,272,703   
      

 

 

 
                       14,544,687   
 

 

                
   BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015    5


Consolidated Schedule of Investments (continued)

  

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

 

Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Diversified Financial Services — 2.8%

  

 

AlixPartners LLP, 2015 Term Loan B, 4.50%, 7/28/22

     USD        1,920      $ 1,904,410   

AssuredPartners, Inc., 2015 1st Lien Term Loan, 5.75%, 10/21/22

       1,720        1,709,250   

Diamond US Holding LLC, Term Loan B, 4.75%, 12/17/21

       968        960,430   

Jefferies Finance LLC, Term Loan, 4.50%, 5/14/20

       2,768        2,740,382   

Onex Wizard US Acquisition, Inc., Term Loan, 4.25%, 3/13/22

       2,080        2,060,605   

Reynolds Group Holdings, Inc., Dollar Term Loan, 4.50%, 12/01/18

       3,162        3,146,653   

SAM Finance Luxembourg Sarl, Term Loan, 4.25%, 12/17/20

       1,825        1,818,473   

TransFirst, Inc., 2014 2nd Lien Term Loan, 9.00%, 11/12/22

       851        837,159   
      

 

 

 
                       15,177,362   

Diversified Telecommunication Services — 4.3%

  

 

Altice Financing SA, Term Loan:

      

Delayed Draw, 5.50%, 7/02/19

       2,782        2,782,496   

5.25%, 2/04/22

       263        260,976   

Cequel Communications LLC, Term Loan B, 1.00%, 2/14/19

       260        256,100   

Hawaiian Telcom Communications, Inc., Term Loan B, 5.00%, 6/06/19

       2,683        2,660,246   

Integra Telecom, Inc.:

      

2015 1st Lien Term Loan, 5.25%, 8/14/20

       2,273        2,206,732   

2nd Lien Term Loan, 9.75%, 2/21/20

       750        732,583   

Level 3 Financing, Inc.:

      

2013 Term Loan B, 4.00%, 1/15/20

       10,260        10,242,045   

2019 Term Loan, 4.00%, 8/01/19

       1,647        1,643,324   

Virgin Media Investment Holdings Ltd., Term Loan F, 3.50%, 6/30/23

       2,299        2,262,602   
      

 

 

 
                       23,047,104   

Electrical Equipment — 1.1%

  

 

Southwire Co., Term Loan, 3.00%, 2/10/21

       1,162        1,136,148   

Texas Competitive Electric Holdings Co. LLC:

      

DIP Term Loan, 3.75%, 11/07/16

       4,496        4,479,215   
Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Electrical Equipment (continued)

  

 

Texas Competitive Electric Holdings Co. LLC (continued):

      

Extended Term Loan, 4.68%, 10/10/17 (g)

     USD        1,710      $ 579,690   
      

 

 

 
                       6,195,053   

Electronic Equipment, Instruments & Components — 0.5%

  

 

CDW LLC, Term Loan, 3.25%, 4/29/20

       1,723        1,659,137   

CPI Acquisition, Inc., Term Loan B, 5.50%, 8/17/22

       812        807,248   
      

 

 

 
                       2,466,385   

Energy Equipment & Services — 1.3%

  

 

Dynegy Holdings, Inc., Term Loan B2, 4.00%, 4/23/20

       1,799        1,762,070   

Exgen Texas Power LLC, Term Loan B, 5.75%, 9/16/21

       1,158        847,256   

MEG Energy Corp., Refinancing Term Loan, 3.75%, 3/31/20

       4,930        4,625,182   
      

 

 

 
                       7,234,508   

Food & Staples Retailing — 1.9%

  

 

Hostess Brands LLC:

      

1st Lien Term Loan, 4.50%, 8/03/22

       2,190        2,178,130   

2nd Lien Term Loan, 8.50%, 8/03/23

       66        65,993   

New Albertson’s, Inc., Term Loan, 4.75%, 6/27/21

       1,460        1,447,210   

Rite Aid Corp., 2nd Lien Term Loan, 5.75%, 8/21/20

       1,040        1,043,037   

Supervalu, Inc., Refinancing Term Loan B, 4.50%, 3/21/19

       2,206        2,196,074   

US Foods, Inc., Refinancing Term Loan, 4.50%, 3/31/19

       3,262        3,231,717   
      

 

 

 
                       10,162,161   

Food Products — 2.6%

  

 

CTI Foods Holding Co. LLC, 1st Lien Term Loan, 4.50%, 6/29/20

       1,112        1,045,562   

Diamond Foods, Inc., Term Loan, 4.25%, 8/20/18

       2,898        2,887,481   

Dole Food Co., Inc., Term Loan B, 4.50%, 11/01/18

       2,647        2,631,713   

Pabst Brewing Co., Inc., Term Loan, 5.75%, 10/21/21

       1,767        1,760,525   

Performance Food Group Co., 2nd Lien Term Loan, 6.25%, 11/14/19

       1,002        999,128   

Pinnacle Foods Finance LLC, Term Loan G, 3.00%, 4/29/20

       2,638        2,609,446   
 

 

                
6    BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015   


Consolidated Schedule of Investments (continued)

  

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

 

Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Food Products (continued)

      

Post Holdings Inc., Series A Incremental Term Loan, 3.75%, 6/02/21

     USD        1      $ 595   

Reddy Ice Corp.:

      

1st Lien Term Loan, 6.75%, 5/01/19

       1,612        1,327,071   

2nd Lien Term Loan, 10.75%, 11/01/19

       1,195        717,000   
      

 

 

 
                       13,978,521   

Health Care Equipment & Supplies — 4.4%

      

Alere, Inc., 2015 Term Loan B, 4.25%, 6/18/22

       2,140        2,111,573   

Auris Luxembourg III Sarl, Term Loan B4, 4.25%, 1/15/22

       1,054        1,046,570   

Capsugel Holdings US, Inc., Term Loan B, 3.50%, 8/01/18

       1,906        1,893,995   

DJO Finance LLC, 2015 Term Loan, 4.25%, 6/08/20

       3,327        3,246,709   

Iasis Healthcare LLC, Term Loan B2, 4.50%, 5/03/18

       3,075        3,026,661   

Immucor, Inc., Refinancing Term Loan B2, 5.00%, 8/17/18

       3,491        3,360,070   

Leonardo Acquisition Corp., Term Loan, 4.25%, 1/31/21

       2,161        2,126,765   

Millennium Health LLC, Term Loan B, 5.25%, 4/16/21 (g)

       1,491        596,256   

National Vision, Inc., 1st Lien Term Loan, 4.00%, 3/12/21

       3,156        3,069,303   

Ortho-Clinical Diagnostics, Inc., Term Loan B, 4.75%, 6/30/21

       2,753        2,580,473   

Sage Products Holdings III LLC, Refinancing Term Loan B2, 4.25%, 12/13/19

       769        763,140   
      

 

 

 
                       23,821,515   

Health Care Providers & Services — 7.6%

      

Acadia Healthcare Co., Inc., Term Loan B, 4.25%, 2/11/22

       465        466,260   

Air Medical Group Holdings, Inc., Term Loan B, 4.50%, 4/28/22

       472        460,993   

Amsurg Corp., 1st Lien Term Loan B, 3.50%, 7/16/21

       3,059        3,030,823   

CHG Healthcare Services Inc., Term Loan, 4.25%, 11/19/19

       2,514        2,478,760   

Community Health Systems, Inc.:

      

Term Loan F, 3.48%, 12/31/18

       1,594        1,563,666   

Term Loan G, 3.75%, 12/31/19

       2,748        2,686,759   

Term Loan H, 4.00%, 1/27/21

       1,076        1,057,482   
Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Health Care Providers & Services (continued)

  

 

Curo Health Services LLC, 2015 1st Lien Term Loan, 6.50%, 2/07/22

     USD        1,592      $ 1,585,043   

DaVita HealthCare Partners, Inc., Term Loan B, 3.50%, 6/24/21

       9,594        9,538,783   

Envision Healthcare Corp., Term Loan:

      

4.25%, 5/25/18

       1,887        1,881,977   

B2, 4.50%, 10/28/22

       710        705,783   

Genesis HealthCare Corp., Term Loan B, 10.00%, 12/04/17

       1,059        1,069,751   

HC Group Holdings III, Inc., Term Loan B, 6.00%, 4/07/22

       739        737,475   

HCA, Inc., Term Loan B5, 2.98%, 3/31/17

       1,391        1,389,536   

MPH Acquisition Holdings LLC, Term Loan, 3.75%, 3/31/21

       1,867        1,814,033   

National Mentor Holdings, Inc., Term Loan B, 4.25%, 1/31/21

       492        478,246   

Sterigenics-Nordion Holdings LLC, 2015 Term Loan B, 4.25%, 5/15/22

       3,110        3,055,575   

Surgery Center Holdings, Inc., 1st Lien Term Loan, 5.25%, 11/03/20

       1,858        1,841,578   

Surgical Care Affiliates, Inc., Term Loan B, 4.25%, 3/17/22

       2,292        2,275,039   

U.S. Renal Care, Inc.:

      

2013 Term Loan, 4.25%, 7/03/19

       1,647        1,639,669   

2015 Term Loan B, 1.00%, 11/06/22

       1,535        1,523,487   
      

 

 

 
                       41,280,718   

Health Care Technology — 0.9%

      

IMS Health, Inc., Term Loan, 3.50%, 3/17/21

       3,319        3,280,918   

MedAssets, Inc., Term Loan B, 4.00%, 12/13/19

       1,833        1,819,247   
      

 

 

 
                       5,100,165   

Hotels, Restaurants & Leisure — 9.4%

      

Amaya Holdings BV:

      

1st Lien Term Loan, 5.00%, 8/01/21

       1,291        1,235,477   

2nd Lien Term Loan, 8.00%, 8/01/22

       1,526        1,507,357   

Boyd Gaming Corp., Term Loan B, 4.00%, 8/14/20

       2,013        1,999,963   

Bronco Midstream Funding LLC, Term Loan B, 5.00%, 8/15/20

       2,799        2,533,495   
 

 

                
   BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015    7


Consolidated Schedule of Investments (continued)

  

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

 

 

Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Hotels, Restaurants & Leisure (continued)

  

 

Burger King Newco Unlimited Liability Co., 2015 Term Loan B, 3.75%, 12/12/21

     USD        4,747      $ 4,715,983   

Caesars Entertainment Resort Properties LLC, Term Loan B, 7.00%, 10/11/20

       5,964        5,566,612   

CCM Merger, Inc., Term Loan B, 4.50%, 8/08/21

       1,505        1,494,896   

Diamond Resorts Corp., Term Loan, 5.50%, 5/09/21

       1,792        1,767,119   

Eldorado Resorts LLC, Term Loan B, 4.25%, 7/13/22

       898        892,139   

ESH Hospitality, Inc., Term Loan, 5.00%, 6/24/19

       940        943,525   

Hilton Worldwide Finance LLC, Term Loan B2, 3.50%, 10/26/20

       2,590        2,574,490   

Intrawest ULC, Term Loan, 4.75%, 12/09/20

       1,592        1,586,684   

La Quinta Intermediate Holdings LLC, Term Loan B, 3.75%, 4/14/21

       5,651        5,541,221   

Las Vegas Sands LLC, Term Loan B, 3.25%, 12/19/20

       2,456        2,410,809   

MGM Resorts International, Term Loan B, 3.50%, 12/20/19

       3,421        3,398,462   

Pinnacle Entertainment, Inc., Term Loan B2, 3.75%, 8/13/20

       714        711,916   

RHP Hotel Properties LP, Term Loan B, 3.50%, 1/15/21

       1,269        1,261,007   

Sabre, Inc.:

      

Incremental Term Loan, 4.00%, 2/19/19

       500        496,366   

Term Loan B, 4.00%, 2/19/19

       2,294        2,275,480   

Scientific Games International, Inc., 2014 Term Loan B1, 6.00%, 10/18/20

       3,314        3,066,726   

Station Casinos LLC, Term Loan B, 4.25%, 3/02/20

       4,785        4,745,587   
      

 

 

 
                       50,725,314   

Household Durables — 0.3%

      

Jarden Corp., 2015 Term Loan B2, 2.98%, 7/30/22

             1,580        1,577,456   

Household Products — 0.9%

      

Bass Pro Group LLC, 2015 Term Loan, 4.00%, 6/05/20

       2,311        2,162,501   

Spectrum Brands, Inc., Term Loan, 3.50%, 6/23/22

       2,788        2,782,672   
      

 

 

 
                       4,945,173   
Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Independent Power and Renewable Electricity Producers — 2.6%

  

Aria Energy Operating LLC, Term Loan, 5.00%, 5/27/22

     USD        1,466      $ 1,404,006   

Calpine Corp.:

      

Term Loan B5, 3.50%, 5/27/22

       1,421        1,382,575   

Term Loan B6, 1.00%, 1/13/23

       2,150        2,128,500   

Energy Future Intermediate Holding Co. LLC, DIP Term Loan, 4.25%, 6/19/16

       2,845        2,833,367   

Granite Acquisition, Inc.:

      

Term Loan B, 5.00%, 12/19/21

       3,092        2,875,548   

Term Loan C, 5.00%, 12/19/21

       137        127,480   

NRG Energy, Inc., Refinancing Term Loan B, 2.75%, 7/02/18

       2,025        1,973,687   

Terra-Gen Finance Co. LLC, Term Loan B, 5.25%, 12/09/21

       1,530        1,460,923   
      

 

 

 
                       14,186,086   

Industrial Conglomerates — 0.1%

      

Sequa Corp., Term Loan B, 5.25%, 6/19/17

             980        708,602   

Insurance — 1.0%

      

AmWINS Group LLC, 2014 2nd Lien Term Loan, 9.50%, 9/04/20

       610        608,182   

Asurion LLC, Term Loan B1, 5.00%, 5/24/19

       372        349,775   

Cooper Gay Swett & Crawford of Delaware Holding Corp., 1st Lien Term Loan, 5.00%, 4/16/20

       1,605        1,533,634   

Sedgwick Claims Management Services, Inc.:

      

1st Lien Term Loan, 3.75%, 3/01/21

       2,000        1,932,905   

2nd Lien Term Loan, 6.75%, 2/28/22

       1,155        1,060,671   
      

 

 

 
                       5,485,167   

Internet Software & Services — 1.3%

      

Go Daddy Operating Co. LLC, Term Loan B, 4.25%, 5/13/21

       2,518        2,505,887   

Interactive Data Corp., 2014 Term Loan, 4.75%, 5/02/21

       4,301        4,290,735   
      

 

 

 
                       6,796,622   

IT Services — 4.0%

      

Blue Coat Holdings Inc., 2015 Term Loan, 4.50%, 5/20/22

       3,635        3,528,240   
 

 

                
8    BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015   


Consolidated Schedule of Investments (continued)

  

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

 

 

Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

IT Services (continued)

      

First Data Corp.:

      

2018 Extended Term Loan, 3.71%, 3/24/18

     USD        12,519      $ 12,378,640   

2018 Term Loan, 3.71%, 9/24/18

       1,150        1,138,017   

Extended 2021 Term Loan, 4.21%, 3/24/21

       560        557,350   

TransFirst, Inc., Incremental Term Loan B, 4.75%, 11/12/21

       2,192        2,172,893   

Vantiv LLC, 2014 Term Loan B, 3.75%, 6/13/21

       1,710        1,706,656   
      

 

 

 
                       21,481,796   

Leisure Products — 0.3%

      

Bauer Performance Sports Ltd., Term Loan B, 4.50%, 4/15/21

             1,616        1,567,103   

Machinery — 2.1%

      

Allison Transmission, Inc., Term Loan B3, 3.50%, 8/23/19

       1,204        1,196,999   

Faenza Acquisition GmbH:

      

Term Loan B1, 4.25%, 8/30/20

       1,106        1,095,058   

Term Loan B3, 4.25%, 8/30/20

       337        333,232   

Infiltrator Systems, Inc., 2015 Term Loan, 5.25%, 5/27/22

       1,514        1,512,421   

Mueller Water Products, Inc., Term Loan B, 4.00%, 11/25/21

       794        793,508   

Rexnord LLC, 1st Lien Term Loan B, 4.00%, 8/21/20

       2,385        2,328,301   

Silver II US Holdings LLC, Term Loan, 4.00%, 12/13/19

       3,479        3,046,473   

Wabash National Corp., 2015 Term Loan B, 4.25%, 3/16/22

       1,119        1,117,282   
      

 

 

 
                       11,423,274   

Manufacture Goods — 0.1%

      

KP Germany Erste GmbH, 1st Lien Term Loan, 5.00%, 4/28/20

             312        311,409   

Media — 11.5%

      

Cengage Learning Acquisitions, Inc.:

      

1st Lien Term Loan, 7.00%, 3/31/20

       4,235        4,164,654   

Term Loan, 0.00%, 7/03/16 (a)(e)(g)

       2,489          

Charter Communications Operating LLC:

      

Term Loan H, 3.25%, 8/24/21

       1,060        1,050,725   

Term Loan I, 3.50%, 1/24/23

       6,485        6,467,620   
Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Media (continued)

      

Clear Channel Communications, Inc., Term Loan D, 6.98%, 1/30/19

     USD        5,630      $ 4,061,326   

Hemisphere Media Holdings LLC, Term Loan B, 5.00%, 7/30/20

       1,652        1,600,502   

Houghton Mifflin Harcourt Publishing Co., 2015 Term Loan B, 4.00%, 5/31/21

       2,781        2,662,702   

Intelsat Jackson Holdings SA, Term Loan B2, 3.75%, 6/30/19

       1,988        1,855,992   

Liberty Cablevision of Puerto Rico LLC, 1st Lien Term Loan, 4.50%, 1/07/22

       1,215        1,176,424   

Live Nation Entertainment, Inc., 2020 Term Loan B1, 3.50%, 8/16/20

       490        487,550   

MCC Iowa LLC:

      

Term Loan I, 2.66%, 6/30/17

       1,067        1,045,170   

Term Loan J, 3.75%, 6/30/21

       518        511,636   

Media General, Inc., Term Loan B, 4.00%, 7/31/20

       1,110        1,101,505   

Mediacom Communications Corp., Term Loan F, 2.66%, 3/31/18

       1,103        1,083,894   

Neptune Finco Corp., 2015 Term Loan B, 5.00%, 10/09/22

       4,040        4,025,577   

Numericable U.S. LLC:

      

Term Loan B1, 4.50%, 5/21/20

       2,219        2,170,464   

Term Loan B2, 4.50%, 5/21/20

       1,920        1,877,747   

Term Loan B6, 4.75%, 1/31/23

       2,345        2,293,715   

SBA Senior Finance II LLC:

      

Incremental Term Loan B, 3.25%, 6/10/22

       1,471        1,452,921   

Term Loan B1, 3.25%, 3/24/21

       3,012        2,944,529   

Sinclair Television Group, Inc., Term Loan B, 3.00%, 4/09/20

       199        194,937   

Tribune Media Co., Term Loan, 3.75%, 12/27/20

       3,666        3,643,243   

TWCC Holding Corp., Term Loan B1, 5.75%, 2/11/20

       1,567        1,565,495   

Univision Communications, Inc., Term Loan C4, 4.00%, 3/01/20

       4,472        4,399,156   

Virgin Media Investment Holdings Ltd., Term Loan E, 4.25%, 6/30/23

     GBP        2,840        4,223,427   

WideOpenWest Finance LLC, 2015 Term Loan B, 4.50%, 4/01/19

     USD        1,059        1,029,728   

Ziggo Financing Partnership:

      

Term Loan B1, 3.50%, 1/15/22

       1,879        1,832,139   
 

 

                
   BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015    9


Consolidated Schedule of Investments (continued)

  

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

 

Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Media (continued)

  

 

Ziggo Financing Partnership (continued):

      

Term Loan B2A, 3.50%, 1/15/22

     USD        1,219      $ 1,188,329   

Term Loan B3, 3.50%, 1/15/22

       2,004        1,954,378   
      

 

 

 
                       62,065,485   

Metals & Mining — 0.5%

  

 

Novelis, Inc., 2015 Term Loan B, 4.00%, 6/02/22

             2,672        2,592,605   

Multiline Retail — 1.9%

  

 

BJ’s Wholesale Club, Inc.:

      

1st Lien Term Loan, 4.50%, 9/26/19

       3,619        3,541,898   

2nd Lien Term Loan, 8.50%, 3/26/20

       870        830,128   

Dollar Tree, Inc., Term Loan B1, 3.50%, 7/06/22

       2,406        2,395,440   

Hudson’s Bay Co., 2015 Term Loan B, 4.75%, 9/30/22

       1,060        1,053,951   

The Neiman Marcus Group, Inc., 2020 Term Loan, 4.25%, 10/25/20

       2,560        2,391,268   
      

 

 

 
                       10,212,685   

Oil, Gas & Consumable Fuels — 2.9%

  

 

CITGO Holding, Inc., 2015 Term Loan B, 9.50%, 5/12/18

       1,195        1,195,005   

Drillships Financing Holding, Inc., Term Loan B1, 6.00%, 3/31/21

       1,231        616,869   

EP Energy LLC/Everest Acquisition Finance, Inc., Term Loan B3, 3.50%, 5/24/18

       1,785        1,609,481   

Green Energy Partners/Stonewall LLC, Term Loan B1, 6.50%, 11/13/21

       895        854,725   

Offshore Group Investment Ltd., Term Loan B, 5.75%, 3/28/19

       109        30,416   

Panda Patriot LLC, Term Loan B1, 6.75%, 12/19/20

       1,435        1,348,900   

Power Buyer LLC:

      

1st Lien Term Loan, 4.25%, 5/06/20

       509        496,046   

2nd Lien Term Loan, 8.25%, 11/06/20

       470        449,146   

Samchully Midstream 3 LLC, Term Loan B, 5.75%, 10/20/21

       1,787        1,621,249   

Seventy Seven Operating LLC, Term Loan B, 3.75%, 6/25/21

       265        205,802   
Floating Rate Loan Interests (c)         

Par  

(000)

    Value  

Oil, Gas & Consumable Fuels (continued)

  

 

Southcross Energy Partners LP, 1st Lien Term Loan, 5.25%, 8/04/21

    USD        1,958      $ 1,644,966   

Southcross Holdings Borrower LP, Term Loan B, 6.00%, 8/04/21

      938        644,961   

Stonewall Gas Gathering LLC, Term Loan B, 8.75%, 1/28/22

      1,378        1,363,903   

TPF II Power LLC, Term Loan B, 5.50%, 10/02/21

      1,543        1,516,772   

Veresen Midstream Limited Partnership, Term Loan B1, 5.25%, 3/31/22

      1,677        1,682,862   

WTG Holdings III Corp., 1st Lien Term Loan, 4.75%, 1/15/21

      594        587,725   
     

 

 

 
                      15,868,828   

Personal Products — 0.4%

  

 

Prestige Brands, Inc., Term Loan B3, 3.50%, 9/03/21

            1,903        1,893,618   

Pharmaceuticals — 6.4%

  

 

Akorn, Inc., Term Loan B, 6.00%, 4/16/21

      2,465        2,357,252   

Amneal Pharmaceuticals LLC, Term Loan, 4.50%, 11/01/19

      1,779        1,743,405   

CCC Information Services, Inc., Term Loan, 4.00%, 12/20/19

      904        889,728   

Endo Luxembourg Finance Co. I Sarl, 2015 Term Loan B, 3.75%, 9/26/22

      3,435        3,374,888   

Grifols Worldwide Operations USA, Inc., Term Loan B, 3.23%, 2/27/21

      4,230        4,191,138   

Horizon Pharma Holdings USA, Inc., Term Loan B, 4.50%, 5/07/21

      611        535,966   

Jaguar Holding Co. II, 2015 Term Loan B, 4.25%, 8/18/22

      4,757        4,626,406   

JLL/Delta Dutch Newco BV, 2014 Incremental Term Loan, 4.25%, 3/11/21

      3,518        3,401,243   

Mallinckrodt International Finance SA, Term Loan B, 3.25%, 3/19/21

      1,120        1,073,449   

Valeant Pharmaceuticals International, Inc.:

     

Series C2 Term Loan B, 3.75%, 12/11/19

      2,303        2,169,179   

Series D2 Term Loan B, 3.50%, 2/13/19

      2,008        1,889,963   

Series E Term Loan B, 3.75%, 8/05/20

      1,436        1,350,458   
 

 

                
10    BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015   


Consolidated Schedule of Investments (continued)

  

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

 

Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Pharmaceuticals (continued)

  

 

Valeant Pharmaceuticals International, Inc. (continued):

      

Term Loan B F1, 4.00%, 4/01/22

     USD        7,452      $ 7,025,150   
      

 

 

 
                       34,628,225   

Professional Services — 3.9%

  

 

Acosta Holdco, Inc., 2015 Term Loan, 4.25%, 9/26/21

       1,917        1,832,680   

Advantage Sales & Marketing, Inc.:

      

2014 1st Lien Term Loan, 4.25%, 7/23/21

       2,124        2,053,598   

2014 2nd Lien Term Loan, 7.50%, 7/25/22

       880        800,360   

Emdeon Business Services LLC, Term Loan B2, 3.75%, 11/02/18

       3,203        3,165,588   

ON Assignment, Inc., 2015 Term Loan, 3.75%, 6/05/22

       2,461        2,454,033   

SIRVA Worldwide, Inc., Term Loan, 7.50%, 3/27/19

       1,765        1,699,174   

Sterling Infosystems, Inc., 1st Lien Term Loan B, 4.50%, 6/20/22

       2,224        2,203,582   

TransUnion LLC, Term Loan B2, 3.50%, 4/09/21

       5,454        5,309,871   

Truven Health Analytics, Inc., Term Loan B, 4.50%, 6/06/19

       1,622        1,585,074   
      

 

 

 
                       21,103,960   

Real Estate Investment Trusts (REITs) — 0.2%

  

 

Communications Sales & Leasing, Inc., Term Loan B, 5.00%, 10/24/22

             968        892,588   

Real Estate Management & Development — 1.8%

  

 

CityCenter Holdings LLC, Term Loan B, 4.25%, 10/16/20

       2,296        2,279,248   

DTZ US Borrower LLC, 2015 1st Lien Term Loan, 4.25%, 11/04/21

       2,509        2,461,674   

Realogy Corp.:

      

Extended Letter of Credit, 0.05%, 10/10/16

       114        112,310   

Term Loan B, 3.75%, 3/05/20

       5,146        5,120,347   
      

 

 

 
                       9,973,579   

Road & Rail — 0.8%

  

 

Road Infrastructure Investment LLC:

      

1st Lien Term Loan, 4.25%, 3/31/21

       2,009        1,949,118   

2nd Lien Term Loan, 7.75%, 9/30/21

       975        926,250   
Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Road & Rail (continued)

  

 

The Hertz Corp., Term Loan B2, 3.00%, 3/11/18

     USD        1,437      $ 1,415,939   
      

 

 

 
                       4,291,307   

Semiconductors & Semiconductor Equipment — 4.9%

  

 

Avago Technologies Cayman Ltd., Term Loan B:

      

2015, 1.00%, 11/06/22

       11,045        10,926,267   

3.75%, 5/06/21

       4,426        4,420,122   

Freescale Semiconductor, Inc.:

      

Term Loan B4, 4.25%, 2/28/20

       3,517        3,510,602   

Term Loan B5, 5.00%, 1/15/21

       701        699,887   

NXP BV:

      

2015 Term Loan B, 1.00%, 10/30/20

       5,716        5,680,735   

Term Loan D, 3.25%, 1/11/20

       1,401        1,383,588   
      

 

 

 
                       26,621,201   

Software — 4.7%

  

 

Epicor Software Corp., 1st Lien Term Loan, 4.75%, 6/01/22

       3,172        3,110,322   

Evertec Group LLC, Term Loan B, 3.25%, 4/17/20

       1,046        1,014,547   

GCA Services Group, Inc.:

      

2nd Lien Term Loan, 9.25%, 10/22/20

       780        764,400   

Term Loan B, 4.25%, 11/01/19

       1,620        1,610,345   

Infor US, Inc., Term Loan B5, 3.75%, 6/03/20

       3,037        2,891,057   

Informatica Corp., Term Loan, 4.50%, 8/05/22

       3,495        3,393,197   

IQOR US, Inc., Term Loan B, 6.00%, 4/01/21

       755        595,362   

Kronos, Inc.:

      

2nd Lien Term Loan, 9.75%, 4/30/20

       1,787        1,804,496   

Initial Incremental Term Loan, 4.50%, 10/30/19

       1,468        1,458,236   

Mitchell International, Inc.:

      

1st Lien Term Loan, 4.50%, 10/12/20

       2,138        2,091,069   

2nd Lien Term Loan, 8.50%, 10/11/21

       1,600        1,566,000   

Sophia LP, 2015 Term Loan B, 4.75%, 9/30/22

       870        861,161   

SS&C Technologies, Inc.:

      

2015 Term Loan B1, 3.75%, 7/08/22

       3,444        3,429,122   

2015 Term Loan B2, 3.75%, 7/08/22

       518        515,359   
 

 

                
   BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015    11


Consolidated Schedule of Investments (continued)

  

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

 

Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Software (continued)

  

 

Tibco Software, Inc., Term Loan B, 6.50%, 12/04/20

     USD        138      $ 126,295   
      

 

 

 
                       25,230,968   

Specialty Retail — 3.6%

  

 

Equinox Holdings, Inc., Repriced Term Loan B, 5.00%, 1/31/20

       1,306        1,304,690   

Leslie’s Poolmart, Inc., Term Loan, 4.25%, 10/16/19

       2,117        2,062,771   

Michaels Stores, Inc.:

      

Incremental 2014 Term Loan B2, 4.00%, 1/28/20

       2,884        2,858,875   

Term Loan B, 3.75%, 1/28/20

       2,225        2,201,493   

Party City Holdings, Inc., 2015 Term Loan B, 4.25%, 8/19/22

       3,135        3,057,409   

Petco Animal Supplies, Inc., Term Loan, 4.00%, 11/24/17

       3,326        3,316,932   

PetSmart, Inc., Term Loan B, 4.25%, 3/11/22

       3,642        3,573,090   

Things Remembered, Inc., Term Loan B, 8.25%, 5/24/18

       1,507        1,092,859   
      

 

 

 
                       19,468,119   

Technology Hardware, Storage & Peripherals — 0.7%

  

 

Dell International LLC, Term Loan B2, 4.00%, 4/29/20

       1,410        1,401,850   

Dell, Inc., Term Loan C, 3.75%, 10/29/18

       1,425        1,419,110   

Linxens France SA, Term Loan, 5.00%, 10/14/22

       795        782,582   
      

 

 

 
                       3,603,542   

Textiles, Apparel & Luxury Goods — 0.4%

  

 

Ascend Performance Materials LLC, Term Loan B, 6.75%, 4/10/18

             2,269        2,098,853   

Thrifts & Mortgage Finance — 0.4%

  

 

IG Investment Holdings LLC, Term Loan B, 6.00%, 10/29/21

             1,906        1,895,979   

Trading Companies & Distributors — 0.7%

  

 

Beacon Roofing Supply, Inc., Term Loan B, 4.00%, 10/01/22

       630        626,062   

HD Supply, Inc., 2015 Term Loan B, 3.75%, 8/13/21

       3,305        3,268,645   
      

 

 

 
                       3,894,707   

Transportation — 0.2%

  

 

Gruden Acquisition, Inc., 1st Lien Term Loan, 5.75%, 8/18/22

             1,270        1,223,962   
Floating Rate Loan Interests (c)          

Par  

(000)

    Value  

Transportation Infrastructure — 0.2%

  

 

Penn Products Terminals LLC, Term Loan B, 4.75%, 4/13/22

     USD        1,131      $ 1,046,350   

Wireless Telecommunication Services — 2.4%

  

 

LTS Buyer LLC, 1st Lien Term Loan, 4.00%, 4/13/20

       4,151        4,068,860   

New Lightsquared LLC, PIK Exit Term Loan, 1.00%, 6/15/20 (h)

       5,750        5,591,875   

T-Mobile USA, Inc., Term Loan B, 3.50%, 10/30/22

       3,030        3,031,424   
      

 

 

 
                       12,692,159   
Total Floating Rate Loan Interests — 126.4%        682,349,558   
      
                          
Non-Agency Mortgage-Backed
Securities — 0.3%
                     

Collateralized Mortgage Obligations — 0.3%

  

 

Hilton USA Trust, Series 2013-HLT, Class EFX, 4.60%, 11/05/30 (b)(c)

             1,336        1,341,290   
      
                          
Investment Companies           Shares         

Capital Markets — 0.0%

  

 

Eaton Vance Floating-Rate Income Trust

       54        709   

Eaton Vance Senior Income Trust

             13,945        84,925   
Total Investment Companies — 0.0%                      85,634   
      
                          
Other Interests (i)          

Beneficial

Interest

(000)

        

Auto Components — 0.0%

  

 

Intermet Liquidating Trust, Class A

             256        3   

Household Durables — 0.3%

  

 

Stanley Martin, Class B Membership Units (j)

             1,250        1,731,250   
Total Other Interests — 0.3%                      1,731,253   
 

 

                
12    BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015   


Consolidated Schedule of Investments (continued)

  

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

 

Preferred Securities         Shares     Value  

Preferred Stocks — 0.0%

                    

Consumer Finance — 0.0%

  

 

Ally Financial, Inc., Series A, 0.00% (c)(k)

         2,075      $ 53,535   
      
                      
Trust Preferreds — 0.3%                    

Diversified Financial Services — 0.3%

  

GMAC Capital Trust I, Series 2, 2/15/40, 8.13% (c)

         60,894        1,547,300   
Total Preferred Securities — 0.3%        1,600,835   
      
                      
Warrants — 0.0%                    

Software — 0.0%

  

HMH Holdings/EduMedia (Issued/exercisable 3/09/10, 19 Shares for 1 Warrant, Expires 6/22/19, Strike Price $42.27)

         2,406        16,230   
Total Long-Term Investments
(Cost — $759,685,911) — 136.2%
        735,264,047   
Short-Term Securities         Shares     Value  

BlackRock Liquidity Funds, TempFund, Institutional Class, 0.14% (l)(m)

         3,398,503      $ 3,398,503   
Total Short-Term Securities
(Cost — $3,398,503) — 0.6%
                 3,398,503   
Option Purchased
(Cost — $43,022) — 0.0%
                   
Total Investments
(Cost — $763,127,436*) — 136.8%
         738,662,550   
Liabilities in Excess of Other Assets — (36.8)%          (198,629,259
      

 

 

 
Net Assets 100.0%        $ 540,033,291   
      

 

 

 

 

* As of November 30, 2015, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost

       $ 768,883,922   
      

 

 

 

Gross unrealized appreciation

       $ 1,823,955   

Gross unrealized depreciation

         (32,045,327
      

 

 

 

Net unrealized depreciation

       $ (30,221,372
      

 

 

 
 
Consolidated Notes to Schedule of Investments

 

(a)   Non-income producing security.

 

(b)   Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

 

(c)   Variable rate security. Rate shown is as of period end.

 

(d)   When-issued security.

 

(e)   Zero-coupon bond.

 

(f)   Convertible security.

 

(g)   Issuer filed for bankruptcy and/or is in default of interest payments.

 

(h)   Represents a payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.

 

(i)   Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities.

 

(j)   All or a portion of Security is held by a wholly owned subsidiary.

 

(k)   Security is perpetual in nature and has no stated maturity date.

 

(l)   Represents the current yield as of period end.

 

(m)   During the period ended November 30, 2015, investments in issuers considered to be an affiliate of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate     

Shares Held

at August 31,

2015

      

Net

Activity

      

Shares Held

at November 30,

2015

       Income  

BlackRock Liquidity Funds,TempFund, Institutional Class

                 3,398,503           3,398,503         $ 115   

 

                
   BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015    13


Consolidated Schedule of Investments (continued)

  

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

 

Derivative Financial Instruments Outstanding as of Period End

Financial Futures Contracts

 

Contracts
Short
     Issue        Expiration        Notional
Value
       Unrealized
Depreciation
 
        (17)        10-Year U.S. Treasury Note           March 2016           USD           2,149,438         $ (5,089

Forward Foreign Currency Exchange Contracts

 

Currency
Purchased
       Currency
Sold
    Counterparty  

Settlement

Date

     Unrealized
Appreciation
(Depreciation)
 
USD        1,047,037         CAD        1,380,000      Morgan Stanley & Co. International PLC   12/03/15      $ 13,689   
USD        3,009,909         GBP        1,962,000      State Street Bank and Trust Co.   12/03/15        54,962   
USD        1,032,501         CAD        1,380,000      HSBC Bank PLC     1/06/16        (850
USD        2,948,042         GBP        1,962,000      BNP Paribas S.A.     1/06/16        (7,452
Total                         $ 60,349   
                       

 

 

 

OTC Options Purchased

 

Description   Put/
Call
    Counterparty     Expiration
Date
  Strike Price     Contracts     Value  

Marsico Parent Superholdco LLC

    Call        Goldman Sachs & Co.      12/21/19     USD        942.86        44          

 

Portfolio Abbreviations

 

ADS    American Depositary Shares
CAD    Canadian Dollar
CLO    Collateralized Loan Obligation
DIP    Debtor-In-Possession
GBP    British Pound
PIK    Payment-In-Kind
USD    U.S. Dollar

 

                
14    BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015   


Consolidated Schedule of Investments (continued)

  

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

 

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

   

Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that Fund has the ability to access

 

   

Level 2 — other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

 

   

Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including Funds’ own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments are typically categorized as level 3.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Fund’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its annual report.

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

     Level 1        Level 2        Level 3        Total  

Assets:

                
Investments:                 

Long-Term Investments:

                

Asset-Backed Securities

            $ 17,938,728         $ 8,568,360         $ 26,507,088   

Common Stocks

  $ 1,108,187                     100,286           1,208,473   

Corporate Bonds

              17,646,127           2,777,559           20,423,686   

Floating Rate Loan Interests

              634,923,862           47,425,696           682,349,558   

Investment Companies

    85,634                               85,634   

Non-Agency Mortgage-Backed Securities

              1,341,290                     1,341,290   

Other Interests

                        1,731,253           1,731,253   

Preferred Securities

    1,600,835                               1,600,835   

Warrants

                        16,230           16,230   

Short-Term Securities

    3,398,503                               3,398,503   
 

 

 

 

Total

  $ 6,193,159         $ 671,850,007         $ 60,619,384         $ 738,662,550   
 

 

 

 

 

 

                
   BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015    15


Consolidated Schedule of Investments (continued)

  

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

 

     Level 1        Level 2        Level 3        Total  
Derivative Financial Instruments 1                 

Assets:

                

Foreign currency exchange contracts

            $ 68,651                   $ 68,651   

Liabilities:

                

Interest rate contracts

  $ (5,089                            (5,089

Foreign currency exchange contracts

              (8,302                  (8,302
 

 

 

 

Total

  $ (5,089      $ 60,349                   $ 55,260   
 

 

 

 

1    Derivative financial instruments are forward foreign currency exchange contracts and financial futures contracts, which are valued at the unrealized appreciation (depreciation) on the instrument.

 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

         

   

     Level 1        Level 2        Level 3        Total  

Assets:

                

Cash

  $ 2,272,722                             $ 2,272,722   

Cash pledged for financial futures contracts

    23,046                               23,046   

Foreign currency at value

    1,462                               1,462   

Liabilities:

                

Bank borrowings payable

            $ (173,000,000                  (173,000,000
 

 

 

 

Total

  $ 2,297,230         $ (173,000,000                $ (170,702,770
 

 

 

 
During the period ended November 30, 2015, there were no transfers between Level 1 and Level 2.   

 

                
16    BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015   


Consolidated Schedule of Investments (concluded)

  

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

 

A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

 

    

Asset-Backed

Securities

      

Common

Stocks

      

Corporate

Bonds

      

Floating Rate

Loan

Interests

      

Other

Interests

       Warrants        Total  

Assets:

                               

Opening balance, as of August 31, 2015

  $ 10,022,033         $ 345,687         $ 2,987,102         $ 33,105,389         $ 1,715,003         $ 20,682         $ 48,195,896   

Transfers into Level 31

                                  25,759,662                               25,759,662   

Transfers out of Level 32

    (2,605,000                            (8,073,171                            (10,678,171

Accrued discounts/premiums

    2,033                     (251        17,194                               18,976   

Net realized gain (loss)

    (86,827                  500           (57,644                            (143,971

Net change in unrealized

appreciation (depreciation)3,4

    (146,485        (245,401        (181,867        (1,071,392        16,250           (4,452        (1,633,347

Purchases

    2,014,481                     22,575           1,946,307                               3,983,363   

Sales

    (631,875                  (50,500        (4,200,649                            (4,883,024
 

 

 

 

Closing balance, as of November 30, 2015

  $ 8,568,360         $ 100,286         $ 2,777,559         $ 47,425,696         $ 1,731,253         $ 16,230         $ 60,619,384   
 

 

 

 

Net change in unrealized appreciation (depreciation) on investments still held at November 30, 20154

  $ (144,607      $ (245,401      $ (181,867      $ (1,071,392      $ 16,250         $ (4,452      $ (1,631,469
 

 

 

 

1    As of August 31, 2015, the Fund used observable inputs in determining the value of certain investments. As of November 30, 2015, the Fund used significant unobservable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the disclosure hierarchy.

         

2    As of August 31, 2015, the Fund used significant unobservable inputs in determining the value of certain investments. As of November 30, 2015, the Fund used observable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the disclosure hierarchy.

         

3    Included in the related net change in unrealized appreciation (depreciation).

       

4    Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at November 30, 2015 is generally due to investments no longer held or categorized as Level 3 at period end.

        

 

The Fund’s investments that are categorized as Level 3 were valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments.

   

 

                
   BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.    NOVEMBER 30, 2015    17


Item 2 – Controls and Procedures

 

2(a) – The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

 

2(b) – There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 – Exhibits

Certifications – Attached hereto


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BlackRock Floating Rate Income Strategies Fund, Inc.

 

By:    /s/ John M. Perlowski                
   John M. Perlowski
   Chief Executive Officer (principal executive officer) of
   BlackRock Floating Rate Income Strategies Fund, Inc.
Date:    January 22, 2016

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:    /s/ John M. Perlowski                
   John M. Perlowski
   Chief Executive Officer (principal executive officer) of
   BlackRock Floating Rate Income Strategies Fund, Inc.
Date:    January 22, 2016
By:    /s/ Neal J. Andrews                    
   Neal J. Andrews
   Chief Financial Officer (principal financial officer) of
   BlackRock Floating Rate Income Strategies Fund, Inc.
Date:    January 22, 2016