Greenup Street Wealth Management LLC Purchases Shares of 272,111 BlackRock Debt Strategies Fund, Inc. $DSU

Key Points

• Greenup Street Wealth Management LLC purchased a new stake of 272,111 shares of BlackRock Debt Strategies Fund (DSU) worth about $2.77 million, representing roughly 0.50% ownership.
• BlackRock announced a monthly dividend of $0.0987 per share (annualized yield ~12.1%); the record and ex-dividend date is June 15 and the payment date is June 30.
• DSU is a diversified, closed-end interval fund managed by BlackRock Fund Advisors that pursues multi-sector global fixed-income exposure (high-yield, emerging markets debt, bank loans and securitized products) to generate current income and preserve capital.

Greenup Street Wealth Management LLC purchased a new stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 272,111 shares of the financial services provider's stock, valued at approximately $2,770,000. Greenup Street Wealth Management LLC owned about 0.50% of BlackRock Debt Strategies Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DSU. NewEdge Advisors LLC boosted its holdings in BlackRock Debt Strategies Fund by 7.0% in the first quarter. NewEdge Advisors LLC now owns 84,379 shares of the financial services provider's stock valued at $881,000 after purchasing an additional 5,530 shares during the last quarter. Invesco Ltd. boosted its holdings in BlackRock Debt Strategies Fund by 0.7% in the second quarter. Invesco Ltd. now owns 655,619 shares of the financial services provider's stock valued at $6,923,000 after purchasing an additional 4,353 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in BlackRock Debt Strategies Fund in the second quarter valued at $103,000. Raymond James Financial Inc. boosted its holdings in BlackRock Debt Strategies Fund by 6.3% in the second quarter. Raymond James Financial Inc. now owns 272,036 shares of the financial services provider's stock valued at $2,873,000 after purchasing an additional 16,074 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in BlackRock Debt Strategies Fund in the second quarter valued at $400,000. 24.29% of the stock is owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Stock Down 0.5%

NYSE:DSU opened at $9.79 on Friday. BlackRock Debt Strategies Fund, Inc. has a one year low of $9.31 and a one year high of $10.67. The firm's fifty day moving average is $9.85 and its two-hundred day moving average is $10.13.

BlackRock Debt Strategies Fund Dividend Announcement

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

About BlackRock Debt Strategies Fund

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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