SEC Filing Summary: BlackRock Floating Rate Income Strategies Fund, Inc.
Business Context and Reporting Period
This Form 8-K was filed on October 7, 2008, reporting an event that occurred on May 30, 2008. The registrant, BlackRock Floating Rate Income Strategies Fund, Inc., is a closed-end fund incorporated in Maryland. The filing addresses corporate governance updates rather than operational or financial performance for a specific fiscal period.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a regulatory disclosure regarding bylaw amendments and does not contain financial statements or performance data.
Material Changes
The Board of Directors amended and restated the Fund's bylaws in their entirety. The changes were effective as of May 29, 2008. Key modifications include:
- Conforming bylaws across all funds in the BlackRock closed-end fund complex.
- Ensuring listed securities are eligible for the Direct Registration System.
- Implementing advance notice provisions for shareholder proposals regarding director nominations or other business.
The advance notice provisions apply to shareholder meetings occurring after the 2008 annual meeting.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document strictly details the procedural update to the Fund's governing documents.
Key Facts for Investor Verification
- Verify the full text of the Amended and Restated Bylaws attached as Exhibit 3.1 for specific legal language.
- Confirm the date of the 2008 annual shareholder meeting to determine when the new advance notice provisions take effect.
- Check subsequent filings for any financial performance data, as this 8-K contains none.