Saba Capital Management buys $83,916,657 stake in BlackRock Debt Strategies Fund (DSU)

BlackRock Debt Strategies Fund (DSU) : Saba Capital Management scooped up 506,377 additional shares in BlackRock Debt Strategies Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 24,253,369 shares of BlackRock Debt Strategies Fund which is valued at $83,916,657.BlackRock Debt Strategies Fund makes up approximately 11.34% of Saba Capital Management’s portfolio.

Other Hedge Funds, Including , Citadel Advisors added DSU to its portfolio by purchasing 11,391 company shares during the most recent quarter which is valued at $39,869. Next Financial Group Inc added DSU to its portfolio by purchasing 8,587 company shares during the most recent quarter which is valued at $30,741. BlackRock Debt Strategies Fund makes up approx 0.01% of Next Financial Group Inc’s portfolio.Commonwealth Equity Services Inc boosted its stake in DSU in the latest quarter, The investment management firm added 1,086 additional shares and now holds a total of 86,478 shares of BlackRock Debt Strategies Fund which is valued at $316,509.

BlackRock Debt Strategies Fund closed down -0.02 points or -0.19% at $10.77 with 1,70,943 shares getting traded on Monday. Post opening the session at $10.73, the shares hit an intraday low of $10.73 and an intraday high of $10.79 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 United States 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. The Fund’s secondary objective is to provide capital appreciation. Corporate loans include senior and subordinated corporate loans both secured and unsecured. The Fund invests directly in such securities or synthetically through the use of derivatives. It invests in various industries including chemicals paper automotive financial services healthcare leisure manufacturing telecommunications transportation infrastructure and utilities among others. BlackRock Advisors LLC is the investment advisor of the Fund.

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