Fund Description: BlackRock Floating Rate Income Strategies Fund, Inc., formerly Floating Rate Income Strategies Fund, Inc., is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The BlackRock Floating Rate Income Strategies Fund seeks 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. FUND STRATEGY: Under normal market conditions, at least 80% of an aggregate of the Fund’s net assets will be invested in floating rate debt securities and instruments. The Fund anticipates that a substantial portion of such investments generally will consist of senior floating rate loans. The Fund may invest without limit and generally intends to invest a substantial portion of its assets in senior floating rate loans and other floating or fixed rate debt securities and instruments that are rated below investment grade. FUND MANAGEMENT: BlackRock Advisors, LLC serves as the investment adviser to the Fund. BlackRock Financial Management, Inc. serves as the sub-adviser to the Fund.