FRA / FRA: A Good 11%-Yielding CEF To Buy For Income Today

BlackRock Floating Rate Income Strategies Fund is benefiting from higher rates by the Fed and continues to generate growing NII. The fund's discount h more_horizontal

The high rate of inflation in the U.S. is a major problem, with the consumer price index showing a significant increase following the economic lockdow more_horizontal

Floating rate funds, such as BlackRock Floating Rate Income Strategies Fund, have benefited from the Fed's interest rate hikes and could still be a wo more_horizontal

Investors are in desperate need of additional sources of income since the rapidly rising cost of living has strained many budgets. BlackRock Floating more_horizontal

19 out of 22 CEF sectors were positive on price and 12 out of 22 sectors were positive on NAV last week. Delaware/Abrdn mergers are closing this week. more_horizontal

While interest rate hikes might be nearing an end, there are still some left to go that floating rate funds can benefit from. FRA continues to trade a more_horizontal

The latest semi-annual report shows FRA had covered its distribution in the last six months. That was from the prior reporting period, when they had t more_horizontal

FRA is trading around some of the lowest discount levels it has ever experienced. There are risks, but some of these risks seem to be largely factored more_horizontal