Tranche Update on BlackRock Debt Strategies Fund, Inc.'s Equity Buyback announced on March 17, 2020.
April 17, 2020 at 12:00 am EDT
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From March 17, 2020 to April 17, 2020, the company has repurchased 2,470,791 shares for $25.20 million. With this, the company has completed the repurchase of 2,470,791 shares for $25.20 million under the buyback announced on March 17, 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.
BLACKROCK DEBT STRATEGIES FUND, INC. 
