0001752724-24-054955.txt : 20240314 0001752724-24-054955.hdr.sgml : 20240314 20240314105010 ACCESSION NUMBER: 0001752724-24-054955 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240314 DATE AS OF CHANGE: 20240314 EFFECTIVENESS DATE: 20240314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC. CENTRAL INDEX KEY: 0001259708 ORGANIZATION NAME: IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-21413 FILM NUMBER: 24748390 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK FLOATING RATE INCOME STRATEGIES FUND INC DATE OF NAME CHANGE: 20061020 FORMER COMPANY: FORMER CONFORMED NAME: FLOATING RATE INCOME STRATEGIES FUND INC DATE OF NAME CHANGE: 20030813 N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001259708 XXXXXXXX 811-21413 false false false N-2 BlackRock Floating Rate Income Strategies Fund, Inc. 811-21413 0001259708 UZXE8UOGW61VMG5WLP57 100 Bellevue Parkway Wilmington 19809 US-DE US 800-441-7762 BlackRock Investments, LLC 50 Hudson Yards New York 10001 609-282-3046 Records related to its functions as distributor State Street Bank and Trust Company One Congress Street Suite 1 Boston 02114 617-786-3000 Records related to its functions as custodian, sub-administrator and accounting agent BlackRock International Limited 1 Semple Street Edinburgh GB EH3 8BL 44 131 472 7200 Records related to its functions as sub-advisor Computershare Trust Company, National Association 250 Royall Street Canton 02021 781-575-2000 Records related to its functions as transfer agent BlackRock Advisors, LLC 100 Bellevue Parkway Wilmington 19809 302-797-2000 Records related to its functions as advisor and administrator N N N-2 Y R. Glenn Hubbard N/A N John M. Perlowski N/A Y Stayce D. Harris N/A N Lorenzo A. Flores N/A N Cynthia L. Egan N/A N Frank J. Fabozzi N/A N W. Carl Kester N/A N J. Phillip Holloman N/A N Catherine A. Lynch N/A N Arthur P. Steinmetz N/A Y Robert Fairbairn 004992372 Y Aaron Wasserman N/A 50 Hudson Yards New York 10001 XXXXXX Y N N N N BlackRock Investments, LLC 8-48436 000038642 54930061FBHCKXL2G714 Y N Deloitte & Touche LLP 34 N/A N N N N N BlackRock Floating Rate Income Strategies Fund, Inc. UZXE8UOGW61VMG5WLP57 N 0 0 0 N/A N N Y N BlackRock Investment Management, LLC 5493006MRTEZZ4S4CQ20 Y N Revenue sharing split Other Cash collateral reinvestment fee Rebates paid to borrowers N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Rule 18f-4(e) (17 CFR 270.18f-4(e)) Rule 12d1-4 (17 CFR 270.12d1-4) Rule 18f-4 (17 CFR 270.18f-4) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 18f-4(f)(17 CFR 270.18f-4(f)) Rule 17a-6 (17 CFR 270.17a-6) Y Y N N BlackRock Advisors, LLC 801-47710 000106614 5493001LN9MRM6A35J74 N BlackRock International Limited 801-51087 000106843 5493008YUGP5E01IBD70 Y GB N Computershare Trust Company, National Association 85-11340 2549001YYB62BVMSAO13 N N N ICE Data Services, Inc. 13-3668779 Tax ID N S&P Global Inc. Y6X4K52KMJMZE7I7MY94 N London Stock Exchange Group PLC 213800QAUUUP6I445N30 GB N Bloomberg L.P. 549300B56MD0ZC402L06 N N Royal Bank of Canada ES7IP3U3RHIGC71XBU11 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) UBS Switzerland AG 549300WOIFUSNYH0FL22 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Trust Company Canada 549300L71XG2CTQ2V827 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Clearstream Banking S.A. 549300OL514RA0SXJJ44 LU N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Euroclear Bank 549300OZ46BRLZ8Y6F65 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Barclays Capital Inc. AC28XWWI3WIBK2824319 N Y Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) State Street Bank and Trust Company (Edinburgh, GB, Branch) 571474TGEMMWANRLN572 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BofA Securities, Inc. 549300HN4UKV1E2R3U73 N Y Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 N Y Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) Credit Suisse Securities (USA) LLC 1V8Y6QCX6YMJ2OELII46 N Y Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 N Y Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) Y N BlackRock Advisors, LLC 5493001LN9MRM6A35J74 Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y N BlackRock Investments, LLC 8-48436 000038642 54930061FBHCKXL2G714 0.00000000 BlackRock Execution Services 8-48719 000039438 549300HFCRQ0NT5KY652 0.00000000 BofA Securities, Inc. 8-69787 000283942 549300HN4UKV1E2R3U73 680.00000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 860.00000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 1200.00000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 440.00000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 35.00000000 3215.00000000 BlackRock Liquidity Funds - T-Fund N/A N/A 5493002L9DNZ83RX7V61 74814116.42000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 19618914.65000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 7483937.55000000 R.W.Pressprich & Co. 8-42547 000026460 549300N7J0JV1QRBLW74 38498115.46000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 19679392.26000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 17996971.88000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 17269838.38000000 BofA Securities, Inc. 8-69787 000283942 549300HN4UKV1E2R3U73 34919917.02000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 14623279.67000000 RBC Capital Markets, LLC 8-45411 000031194 549300LCO2FLSSVFFR64 10698878.81000000 288668790.89000000 N 461385992.52923076 Common stock BlackRock Floating Rate Income Strategies Fund, Inc. N N N N N N 0.98000000 2.87000000 12.66000000 13.26000000 true INTERNAL CONTROL RPT 2 NCEN_811-21413_10232142_1223.htm n-cenlettertaxable5december2.htm - Generated by SEC Publisher for SEC Filing

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

To the Shareholders and the Board of Trustees/Directors of BlackRock Debt Strategies Fund, Inc., BlackRock Floating Rate Income Strategies Fund, Inc., BlackRock Income Trust, Inc., BlackRock Limited Duration Income Trust, and BlackRock Multi-Sector Income Trust:

 

In planning and performing our audits of the financial statements of BlackRock Debt Strategies Fund, Inc., BlackRock Floating Rate Income Strategies Fund, Inc., BlackRock Income Trust, Inc., BlackRock Limited Duration Income Trust, and BlackRock Multi-Sector Income Trust (the “Funds”) as of and for the period ended December 31, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.

 

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness, as defined above, as of December 31, 2023.

This report is intended solely for the information and use of management and the Board of Trustees/Directors of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/Deloitte & Touche LLP

Boston, Massachusetts

February 26, 2024