Saba Capital Management, L.P. Sells 2,050 Shares of BlackRock Debt Strategies Fund, Inc. (DSU) Stock

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) major shareholder Saba Capital Management, L.P. sold 2,050 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $11.68, for a total value of $23,944.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, January 3rd, Saba Capital Management, L.P. sold 47,672 shares of BlackRock Debt Strategies Fund stock. The stock was sold at an average price of $11.73, for a total value of $559,192.56.

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) traded up $0.03 during mid-day trading on Thursday, reaching $11.65. The company’s stock had a trading volume of 217,400 shares, compared to its average volume of 289,957. BlackRock Debt Strategies Fund, Inc. has a 52-week low of $11.23 and a 52-week high of $11.85.

The firm also recently announced a monthly dividend, which was paid on Tuesday, January 9th. Shareholders 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 yield of 7.06%.

A number of hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC raised its stake in shares of BlackRock Debt Strategies Fund by 8.1% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,495,055 shares of the financial services provider’s stock valued at $17,447,000 after purchasing an additional 112,540 shares during the period. Sit Investment Associates Inc. raised its stake in shares of BlackRock Debt Strategies Fund by 9.9% in the 3rd quarter. Sit Investment Associates Inc. now owns 1,063,384 shares of the financial services provider’s stock valued at $12,410,000 after purchasing an additional 96,015 shares during the period. Shaker Financial Services LLC raised its stake in shares of BlackRock Debt Strategies Fund by 513.2% in the 3rd quarter. Shaker Financial Services LLC now owns 94,129 shares of the financial services provider’s stock valued at $1,098,000 after purchasing an additional 78,779 shares during the period. Citigroup Inc. raised its stake in shares of BlackRock Debt Strategies Fund by 11.2% in the 2nd quarter. Citigroup Inc. now owns 564,853 shares of the financial services provider’s stock valued at $6,519,000 after purchasing an additional 57,019 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of BlackRock Debt Strategies Fund by 9.3% in 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 acquiring an additional 34,251 shares during the last quarter. Hedge funds and other institutional investors own 39.53% of the company’s stock.

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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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