Cynthia Egan - Blackrock Floating Independent Trustee

FRA Fund  USD 13.92  0.03  0.22%   
Cynthia Egan is Fund Manager at Blackrock Floating Rate
Age 66
Tenure 8 years
Phone212 810 5300
Webhttps://www.blackrock.com/investing/products/240189/blackrock-floating-rate-income-strategies-fund-inc-usd-fund

Blackrock Floating Management Performance (%)

The company has Return on Asset of 2.32 % which means that on every $100 spent on assets, it made $2.32 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (5.64) %, meaning that it generated no profit with money invested by stockholders. Blackrock Floating's management efficiency ratios could be used to measure how well Blackrock Floating manages its routine affairs as well as how well it operates its assets and liabilities.
Blackrock Floating Rate has 203.15 M in debt with debt to equity (D/E) ratio of 0.46, which is OK given its current industry classification. Blackrock Floating Rate has a current ratio of 1.23, demonstrating that it is not liquid enough and may have problems paying out its financial commitments when the payables are due. Debt can assist Blackrock Floating until it has trouble settling it off, either with new capital or with free cash flow. So, Blackrock Floating's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Blackrock Floating Rate sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Blackrock to invest in growth at high rates of return. When we think about Blackrock Floating's use of debt, we should always consider it together with cash and equity.

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BlackRock Floating Rate Income Strategies Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. BlackRock Floating Rate Income Strategies Fund, Inc. was formed on October 31, 2003 and is domiciled in the United States. Blackrock Floating is traded on New York Stock Exchange in the United States. The fund is not classified under any group at the present time.

Management Performance

Blackrock Floating Rate Leadership Team

Elected by the shareholders, the Blackrock Floating's board of directors comprises two types of representatives: Blackrock Floating inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Blackrock. The board's role is to monitor Blackrock Floating's management team and ensure that shareholders' interests are well served. Blackrock Floating's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Blackrock Floating's outside directors are responsible for providing unbiased perspectives on the board's policies.
Henry Gabbay, Independent Trustee
Robert Hubbard, Independent Trustee
Karen Robards, Independent Vice Chairman of the Board of Trustees
Richard Cavanagh, Independent Co-Chairman of the Board of Trustees
Charles Park, Chief Compliance Officer (“CCO”) and Anti-Money Laundering Officer
Frank Fabozzi, Independent Trustee
J Holloman, Independent Trustee
Janey Ahn, Secretary
John Perlowski, President, Chief Executive Officer, Trustee
Michael Castellano, Independent Trustee
Cynthia Egan, Independent Trustee
Jay Fife, Treasurer
Jonathan Diorio, Vice President
Robert Fairbairn, Trustee
Neal Andrews, Chief Financial Officer
Trent Walker, Chief Financial Officer
Catherine Lynch, Independent Trustee
Stayce Harris, Independent Trustee
W Kester, Independent Trustee

Blackrock Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Blackrock Floating a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in Blackrock Fund

Blackrock Floating financial ratios help investors to determine whether Blackrock Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Blackrock with respect to the benefits of owning Blackrock Floating security.
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