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AI brief of an SEC Form 8-K · BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC. (FRA)

BlackRock Floating Rate Income Strategies Fund adopts classified board and amended bylaws

Neutral Impact 2 of 5 shareholder Written later

On October 28, 2016, the fund's board elected to be subject to Section 3-803 of the Maryland General Corporation Law and amended and restated its bylaws to classify the board and change the election of directors. The changes are governance matters, and the filing does not describe any effect on fund operations or share value.

Key points

  • Board elected to be subject to Section 3-803 of the Maryland General Corporation Law on October 28, 2016
  • Amended and Restated Bylaws, effective October 28, 2016, classify the board and amend Article I, Section 11 on director elections
  • Exhibit 99.1 lists three director classes: Class I (Cynthia L. Egan, Michael J. Castellano, Catherine A. Lynch); Class II (R. Glenn Hubbard, W. Carl Kester, John M. Perlowski, Karen P. Robards); Class III (Richard E. Cavanagh, Frank J. Fabo

The filing

CompanyBLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC. (FRA)
Form8-K, current report
Filed with the SECOct 28, 2016, 4:42 PM ET
Accession number0001193125-16-751713

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2016.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.