TrueMark Investments LLC Takes $830,000 Position in BlackRock Debt Strategies Fund, Inc. $DSU

TrueMark Investments LLC acquired a new stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 81,573 shares of the financial services provider’s stock, valued at approximately $830,000. TrueMark Investments LLC owned approximately 0.15% of BlackRock Debt Strategies Fund as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in BlackRock Debt Strategies Fund during the third quarter worth approximately $6,822,000. NewEdge Wealth LLC bought a new position in shares of BlackRock Debt Strategies Fund in the third quarter valued at approximately $1,962,000. Guggenheim Capital LLC lifted its stake in shares of BlackRock Debt Strategies Fund by 15.3% in the second quarter. Guggenheim Capital LLC now owns 1,403,471 shares of the financial services provider’s stock worth $14,821,000 after buying an additional 186,480 shares during the last quarter. Ausdal Financial Partners Inc. acquired a new stake in shares of BlackRock Debt Strategies Fund in the third quarter worth $1,212,000. Finally, PMG Family Office LLC bought a new stake in shares of BlackRock Debt Strategies Fund during the 3rd quarter worth $1,133,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Trading Up 0.1%

NYSE:DSU opened at $9.36 on Monday. BlackRock Debt Strategies Fund, Inc. has a 1 year low of $8.72 and a 1 year high of $10.67. The firm’s fifty day simple moving average is $9.95 and its 200 day simple moving average is $10.19.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0987 per share. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Monday, June 15th.

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.