DSU Blackrock Debt Strategies Fund Inc.

Blackrock Debt Strategies Fund Inc. (DSU) Company Description

The primary objective is to provide current income by investing principally in corporate debt obligations including Corporate Loans that are rated in the lower rating categories of the established rating services. The secondary objective is capital appreciation. Up to 20% of its total assets may be invested in debt securities that at the time of investment are subject to bankruptcy proceedings or otherwise in default. It may invest up to 20% of its total assets in financial instruments of issuers domiciled outside the U.S. or that are denominated in various foreign currencies and multinational foreign currency units. It may engage in various portfolio investment strategies including purchasing and selling financial futures contracts forward foreign exchange contracts covered call and put options and swaps. The Fund will achieve its investment objective by investing primarily in a diversified portfolio of U.S. 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 Global Ratings or Baa or lower by Moody's Investors Service, Inc. (Moodys)) or unrated debt instruments, which are in the judgment of the investment adviser of equivalent quality. Corporate loans include senior and subordinated corporate loans, both secured and unsecured. The Fund may invest directly in debt instruments or synthetically through the use of derivatives. The Funds secondary investment objective is to provide capital appreciation.