106,721 Shares in BlackRock Debt Strategies Fund, Inc. $DSU Acquired by PMG Family Office LLC

Key Points

• PMG Family Office LLC acquired 106,721 shares of BlackRock Debt Strategies Fund (NYSE: DSU) in Q3, a new stake valued at about $1.13 million, representing roughly 0.20% of the fund.
• The fund declared a monthly dividend of $0.0987 payable June 30 (ex-dividend and record date June 15), implying an annualized dividend yield of 12.1%.
• DSU opened at $9.76, with a 50-day moving average of $10.05, a 200-day average of $10.24, and a 52-week range of $8.72–$10.67.

PMG Family Office LLC acquired a new stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 106,721 shares of the financial services provider's stock, valued at approximately $1,133,000. PMG Family Office LLC owned approximately 0.20% of BlackRock Debt Strategies Fund at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in BlackRock Debt Strategies Fund by 352.7% during the third quarter. IFP Advisors Inc now owns 3,033 shares of the financial services provider's stock worth $32,000 after purchasing an additional 2,363 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of BlackRock Debt Strategies Fund by 93.7% during the 3rd quarter. Global Retirement Partners LLC now owns 3,724 shares of the financial services provider's stock worth $40,000 after buying an additional 1,801 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in shares of BlackRock Debt Strategies Fund by 188.8% during the 3rd quarter. Ameritas Advisory Services LLC now owns 9,652 shares of the financial services provider's stock worth $103,000 after buying an additional 6,310 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of BlackRock Debt Strategies Fund in the 2nd quarter worth about $103,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of BlackRock Debt Strategies Fund in the 3rd quarter worth about $163,000. 24.29% of the stock is owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Price Performance

Shares of NYSE DSU opened at $9.76 on Thursday. The company's 50-day moving average price is $10.05 and its 200 day moving average price is $10.24. BlackRock Debt Strategies Fund, Inc. has a 52 week low of $8.72 and a 52 week high of $10.67.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.0987 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 12.1%.

BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund, Inc NYSE: DSU is a diversified, closed-end management investment company designed to provide investors with a combination of current income and capital preservation. Managed by BlackRock Fund Advisors, the fund employs a multi-sector, global fixed-income strategy that seeks to deliver attractive risk-adjusted returns through a portfolio of debt instruments. As an interval fund, DSU offers quarterly liquidity to shareholders who wish to redeem shares at specified intervals.

The fund’s investment approach centers on allocation across various credit sectors, including high-yield corporate bonds, emerging markets debt, bank loans and securitized products.

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