BlackRock Debt Strategies Fund, Inc. (DSU) Major Shareholder Sells $23,944.00 in Stock

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) major shareholder Saba Capital Management, L.P. sold 2,050 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $11.68, for a total transaction of $23,944.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Thursday, January 11th, Saba Capital Management, L.P. sold 5,600 shares of BlackRock Debt Strategies Fund stock. The shares were sold at an average price of $11.74, for a total transaction of $65,744.00.
  • On Wednesday, January 3rd, Saba Capital Management, L.P. sold 47,672 shares of BlackRock Debt Strategies Fund stock. The shares were sold at an average price of $11.73, for a total transaction of $559,192.56.

BlackRock Debt Strategies Fund, Inc. (DSU) traded down $0.03 on Friday, hitting $11.61. 269,499 shares of the stock traded hands, compared to its average volume of 218,678. BlackRock Debt Strategies Fund, Inc. has a 12-month low of $11.23 and a 12-month high of $11.85.

The business also recently disclosed a monthly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Friday, December 29th were issued a dividend of $0.0685 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.82 annualized dividend and a dividend yield of 7.08%.

A number of large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its holdings in BlackRock Debt Strategies Fund by 1.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,869 shares of the financial services provider’s stock worth $125,000 after buying an additional 192 shares during the period. Neuberger Berman Group LLC increased its holdings in BlackRock Debt Strategies Fund by 9.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 12,771 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,135 shares during the period. Royal Bank of Canada increased its holdings in BlackRock Debt Strategies Fund by 8.4% in the 2nd quarter. Royal Bank of Canada now owns 42,483 shares of the financial services provider’s stock worth $491,000 after buying an additional 3,292 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in BlackRock Debt Strategies Fund by 3.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 120,029 shares of the financial services provider’s stock worth $1,385,000 after buying an additional 4,509 shares during the period. Finally, Private Advisor Group LLC acquired a new position in BlackRock Debt Strategies Fund in the 2nd quarter worth approximately $121,000. Institutional investors own 39.53% of the company’s stock.

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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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