BlackRock Debt Strategies Fund (DSU) : Trust Asset Management has sold out all of its stake in BlackRock Debt Strategies Fund during the most recent quarter, according to the disclosure filed by the company on Oct 5, 2016 with the SEC. The investment management company has sold out 239,858 shares of BlackRock Debt Strategies Fund which is valued at $873,083.
BlackRock Debt Strategies Fund closed down -0.02 points or -0.55% at $3.61 with 3,74,756 shares getting traded on Tuesday. Post opening the session at $3.65, the shares hit an intraday low of $3.61 and an intraday high of $3.65 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.