BlackRock Debt Strategies Fund, Inc. (DSU) Major Shareholder Sells $2,545,384.62 in Stock

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) major shareholder Saba Capital Management, L.P. sold 216,813 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $11.74, for a total transaction of $2,545,384.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, January 23rd, Saba Capital Management, L.P. sold 50,000 shares of BlackRock Debt Strategies Fund stock. The shares were sold at an average price of $11.73, for a total transaction of $586,500.00.
  • 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 Monday, January 8th, Saba Capital Management, L.P. sold 2,050 shares of BlackRock Debt Strategies Fund stock. The shares were sold at an average price of $11.68, for a total transaction of $23,944.00.
  • 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. (NYSE:DSU) opened at $11.70 on Monday. BlackRock Debt Strategies Fund, Inc. has a 52-week low of $11.23 and a 52-week high of $11.85.

The company also recently disclosed a monthly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Friday, December 29th were given a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date of this dividend was Thursday, December 28th.

Several hedge funds have recently added to or reduced their stakes in DSU. Parametric Portfolio Associates LLC increased its position in shares of BlackRock Debt Strategies Fund by 8.1% in the third quarter. Parametric Portfolio Associates LLC now owns 1,495,055 shares of the financial services provider’s stock valued at $17,447,000 after acquiring an additional 112,540 shares during the period. Sit Investment Associates Inc. increased its position in shares of BlackRock Debt Strategies Fund by 9.9% in the third quarter. Sit Investment Associates Inc. now owns 1,063,384 shares of the financial services provider’s stock valued at $12,410,000 after acquiring an additional 96,015 shares during the period. Shaker Financial Services LLC increased its position in shares of BlackRock Debt Strategies Fund by 513.2% in the third quarter. Shaker Financial Services LLC now owns 94,129 shares of the financial services provider’s stock valued at $1,098,000 after acquiring an additional 78,779 shares during the period. Advisors Asset Management Inc. increased its position in shares of BlackRock Debt Strategies Fund by 9.3% during the third quarter. Advisors Asset Management Inc. now owns 402,561 shares of the financial services provider’s stock valued at $4,698,000 after buying an additional 34,251 shares during the period. Finally, Arete Wealth Advisors LLC increased its position in shares of BlackRock Debt Strategies Fund by 93.8% during the second quarter. Arete Wealth Advisors LLC now owns 56,055 shares of the financial services provider’s stock valued at $647,000 after buying an additional 27,133 shares during the period. Hedge funds and other institutional investors own 39.71% 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.

Insider Buying and Selling by Quarter for BlackRock Debt Strategies Fund (NYSE:DSU)

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