Matrix Private Capital Group LLC Lowers Position in BlackRock Debt Strategies Fund, Inc. $DSU

Matrix Private Capital Group LLC trimmed its holdings in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 71.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,000 shares of the financial services provider’s stock after selling 53,000 shares during the quarter. Matrix Private Capital Group LLC’s holdings in BlackRock Debt Strategies Fund were worth $223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DSU. Ausdal Financial Partners Inc. acquired a new position in BlackRock Debt Strategies Fund in the third quarter valued at about $1,212,000. Bank of America Corp DE increased its position in shares of BlackRock Debt Strategies Fund by 7.6% during the third quarter. Bank of America Corp DE now owns 376,068 shares of the financial services provider’s stock valued at $3,994,000 after acquiring an additional 26,458 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of BlackRock Debt Strategies Fund by 17.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 317,881 shares of the financial services provider’s stock valued at $3,376,000 after acquiring an additional 47,006 shares during the period. Polar Asset Management Partners Inc. raised its stake in shares of BlackRock Debt Strategies Fund by 2.8% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 232,046 shares of the financial services provider’s stock valued at $2,464,000 after acquiring an additional 6,390 shares during the period. Finally, Equitable Holdings Inc. acquired a new position in shares of BlackRock Debt Strategies Fund in the 3rd quarter worth approximately $273,000. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Stock Up 1.6%

NYSE:DSU opened at $9.76 on Tuesday. BlackRock Debt Strategies Fund, Inc. has a fifty-two week low of $8.72 and a fifty-two week high of $10.67. The company has a 50 day moving average price of $10.06 and a 200 day moving average price of $10.25.

BlackRock Debt Strategies Fund Announces Dividend

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

BlackRock Debt Strategies Fund 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.