Winshear Provides Update on Thunder Bay Project, Purchases Assessment Credit

VANCOUVER, British Columbia, June 23, 2026 (GLOBE NEWSWIRE) -- Winshear Metals Corp. (TSX-V: WINS, FRA: 9HR0) (“Winshear” or the “Company”) provides the following update on its field activities from the Thunder Bay Gold Project, NW Ontario, as well as the purchase of an assessment credit valued at $608,000. Thunder Bay 2026 Field Program The Company has engaged Fladgate Exploration, a geological services company based in Thunder Bay, to execute this summer's field program, comprising soil sampling over the Inflection, MacGregor, El Dorado and Kingfisher Targets, till sampling over newly staked claims to the NE of the Kingfisher Target, and airborne magnetic surveys over both Inflection and El Dorado (see Figure 1 here).

GlobeNewsWire • Jun 23, 2026

CEF Market Weekly Review: Muni And Loan CEF Incomes Diverge

We review the CEF market valuation and performance through the third week of April and highlight recent market action. CEFs had a strong week in response to positive news relating to the Iran conflict with MLPs underperforming. Loan CEFs face NII pressure from falling short-term rates, with funds like VVR, FCT, FRA, and BGT most vulnerable to distribution cuts as they haven't already adjusted.

Seeking Alpha • Apr 26, 2026

FRA: NAV Should Continue To Erode If Distribution Isn't Cut (Downgrade)

BlackRock Floating Rate Income Strategies Fund (FRA) is downgraded to a sell due to persistent NAV erosion and unsustainable distributions. FRA trades at a 5% discount to NAV and yields 13.5%, but pays out more than twice its net investment income, accelerating NAV decline. High leverage (22.75% of assets) and elevated default rates amid persistent high interest rates increase downside risk for FRA holders.

Seeking Alpha • Apr 2, 2026

FRA: Avoid This High-Yielding Fund Until It Cuts The Distribution

The BlackRock Floating Rate Income Strategies Fund offers a 12.3% yield but is unsustainably over-distributing, eroding its net asset value. FRA's distributions are not fully covered by income, with 37% classified as return of capital, leading to NAV destruction and underperformance versus indices. FRA trades at a narrower discount than peers and its own historical average, making its current valuation unattractive given ongoing NAV erosion.

Seeking Alpha • Jan 17, 2026

FRA: Leveraged Loan Fund With A Macro Issue

BlackRock Floating Rate Income Strategies Fund (FRA) faces significant downside risk due to macro headwinds and internal fund dynamics. FRA's premium to NAV is unsustainable as peers trade at discounts and the fund lacks alpha versus competitors (VVR, JFR). Falling Fed Funds rates and tight credit spreads threaten leveraged loan yields, pressuring FRA's NAV and distribution sustainability.

Seeking Alpha • Oct 30, 2025

FRA: The Time Has Passed For This Floating Rate Income Fund

FRA offers high income via floating rate debt, but its golden era may be ending as interest rate cuts loom. The fund's distributions exceed earnings, raising the likelihood of a dividend cut to preserve NAV health. FRA trades at a rare premium to NAV, but inconsistent NAV growth and high default risks temper my enthusiasm.

Seeking Alpha • Aug 17, 2025

Get Paid 10%+ a Year? These Monthly Dividend Stocks Actually Deliver

Although double-digit yields were normal during the 1980s, lower interest rates and a robust stock market have rendered yields of 10% or higher obscure.

24/7 Wall Street • Jun 17, 2025

FRA: Net Asset Value Destruction Continues As The Fund Maintains Distributions

FRA offers a high yield (11.69%) but is overdistributing, causing net asset value destruction and threatening sustainability. The fund is trading at a premium to NAV, while most peers trade at discounts, making it relatively expensive given its risks. FRA's income will likely decline further as the Fed cuts rates, increasing the likelihood of a distribution cut and share price drop.

Seeking Alpha • Jun 2, 2025

FRA: Price Cannot Be Justified By Fundamentals

The BlackRock Floating Rate Income Strategies Fund offers an 11.64% yield but invests in riskier, floating-rate securities, making it vulnerable to interest rate cuts. The fund's recent performance has been disappointing, with a 7.34% total loss, underperforming both the S&P 500 and the Bloomberg U.S. Aggregate Bond Index. The market is expecting rate cuts going forward, and a recession could result in even larger cuts than expected.

Seeking Alpha • Mar 17, 2025

FRA: Sell This Fund Before It Cuts Its Distribution

The BlackRock Floating Rate Income Strategies Fund offers a 10.49% yield but is slightly below the median yield of similar funds, suggesting market confidence in its sustainability. The fund's share price increased by 4.27% despite declining portfolio income due to Federal Reserve rate cuts, raising concerns about future distribution sustainability. The coupon payments made by the fund's assets will decrease as the Federal Reserve continues to cut interest rates.

Seeking Alpha • Dec 26, 2024