BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) major shareholder Saba Capital Management, L.P. sold 47,672 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $11.73, for a total value of $559,192.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
BlackRock Debt Strategies Fund, Inc. (NYSE DSU) traded up $0.02 during mid-day trading on Friday, hitting $11.70. The stock had a trading volume of 173,675 shares, compared to its average volume of 349,044. 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 will be paid on Tuesday, January 9th. Stockholders of record on Friday, December 29th will be given a dividend of $0.0685 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.82 annualized dividend and a dividend yield of 7.03%.
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About BlackRock Debt Strategies Fund
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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