BlackRock Debt Strategies Fund, Inc. $DSU Shares Sold by Everstar Asset Management LLC

Key Points

• Everstar Asset Management LLC cut its stake in BlackRock Debt Strategies Fund by 75.4% in Q1, now holding 8,851 shares valued at approximately $92,000.
• The fund recently declared a monthly dividend of $0.0987, which translates to an annualized yield of 11.2%.
• Shares of BlackRock Debt Strategies Fund opened at $10.60 with a 12-month range between $8.72 and $11.19.

Everstar Asset Management LLC trimmed its holdings in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) by 75.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,851 shares of the financial services provider's stock after selling 27,123 shares during the period. Everstar Asset Management LLC's holdings in BlackRock Debt Strategies Fund were worth $92,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its holdings in BlackRock Debt Strategies Fund by 17.5% during the 4th quarter. Ameriprise Financial Inc. now owns 248,135 shares of the financial services provider's stock worth $2,670,000 after buying an additional 36,960 shares during the last quarter. LPL Financial LLC lifted its holdings in BlackRock Debt Strategies Fund by 6.3% during the 1st quarter. LPL Financial LLC now owns 552,974 shares of the financial services provider's stock worth $5,773,000 after buying an additional 32,916 shares during the last quarter. Bank of America Corp DE lifted its holdings in BlackRock Debt Strategies Fund by 4.6% during the 4th quarter. Bank of America Corp DE now owns 331,786 shares of the financial services provider's stock worth $3,570,000 after buying an additional 14,679 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in BlackRock Debt Strategies Fund by 15.5% during the 1st quarter. Guggenheim Capital LLC now owns 1,216,991 shares of the financial services provider's stock worth $12,705,000 after buying an additional 163,607 shares during the last quarter. Finally, Ethos Financial Group LLC purchased a new stake in BlackRock Debt Strategies Fund during the 1st quarter worth about $933,000. 24.29% of the stock is owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Stock Up 0.2%

NYSE DSU traded up $0.03 during trading on Friday, reaching $10.61. 333,283 shares of the company's stock were exchanged, compared to its average volume of 244,383. The company has a 50 day moving average price of $10.56 and a two-hundred day moving average price of $10.42. BlackRock Debt Strategies Fund, Inc. has a 1 year low of $8.72 and a 1 year high of $11.19.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.0987 per share. The ex-dividend date is Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%.

About BlackRock Debt Strategies Fund

BlackRock Debt Strategies Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets of the United States. The fund primarily invests in a diversified portfolio of companies' debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services (BBB or lower by S&P's or Baa or lower by Moody's) or unrated debt instruments, which are in the judgment of the investment adviser of equivalent quality.