BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) major shareholder Saba Capital Management, L.P. sold 47,672 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $11.73, for a total value of $559,192.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
BlackRock Debt Strategies Fund, Inc. (DSU) opened at $11.70 on Friday. BlackRock Debt Strategies Fund, Inc. has a twelve month low of $11.23 and a twelve month high of $11.85.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, January 9th. Investors of record on Friday, December 29th will be issued a dividend of $0.0685 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.82 dividend on an annualized basis and a yield of 7.03%.
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BlackRock Debt Strategies Fund Company Profile
BlackRock Debt Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide current income by investing primarily in a diversified portfolio of the United States companies’ debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services or unrated debt instruments.
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