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Stock impact report

BlackRock Debt Strategies Fund, Inc. Announces Commencement of Tender Offer

Blackrock Debt Strategies Fund, Inc. (DSU) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--BlackRock Debt Strategies Fund, Inc. (NYSE: DSU, CUSIP: 09255R202) (the “Fund”) announced that it has today commenced a tender offer (the “Tender Offer”).As previously announced, the Fund will purchase for cash up to 5% of its outstanding shares of common stock, at a price equal to 98% of the net asset value (“NAV”) per share, determined as of the close of the regular trading session on the New York Stock Exchange on the day the Tender Offer expires. The Tender Offer will expire on April 16, 2020 at 5:00 p.m. Eastern time, unless otherwise extended.The terms and conditions of the Tender Offer are set forth in the Issuer Tender Offer Statement and related Letter of Transmittal that have been filed with the Securities and Exchange Commission (the “SEC”).Important Notice This press release is for informational purposes only and shall not constitute an offer or a solicitation to buy any common shares. The offer to purchase Fund common shares is being made on Show less Read more
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