BlackRock Debt Strategies Fund, Inc. Announces Monthly Distribution, Payable on July 31, 2020
July 02, 2020 at 02:00 am IST
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BlackRock Debt Strategies Fund, Inc. announced monthly distribution of $0.071100 per share. The record date is July 15, 2020, ex-date is July 14, 2020 and dividend will be payable on July 31, 2020.
BlackRock Debt Strategies Fund, Inc. (the Fund) is a closed-end management investment company. The Fund's primary investment objective is to seek to provide current income by investing primarily in a diversified portfolio of the United States companies debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services or unrated debt instruments. The Fund's secondary investment objective is to provide capital appreciation. Under normal market conditions, at least 80% of the Fund's total assets will be invested in debt instruments. The Fund may invest directly in debt instruments or synthetically using derivatives. The Fund has no restrictions on portfolio maturity or duration of the debt securities in which it may invest. Up to 20% of the Fund's total assets may be invested in distressed securities, which includes debt securities and corporate loans. Investment manager of the Fund is BlackRock Advisors, LLC.