BlackRock Debt Strategies Fund, Inc. Announces Expiration and Preliminary Results of Tender Offer
Blackrock Debt Strategies Fund, Inc. (DSU)
US:NYSE Investor Relations:
blackrock.com/investing/products/240192/blackrock-debt-strategies-fund-inc-usd-fund
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--BlackRock Debt Strategies Fund, Inc. (the “Fund”) (NYSE: DSU, CUSIP: 09255R202) announced today the expiration and preliminary results of the Fund’s tender offer (the “Tender Offer”) for up to 5% of its outstanding shares of common stock (the “Shares”), or 2,470,791 Shares. The Tender Offer commenced on March 17, 2020 and expired at 5:00 p.m. Eastern time on April 16, 2020.Based on preliminary information, 17,034,548 Shares were properly tendered. Because the Tender Offer was oversubscribed, the relative number of Shares that will be purchased from each stockholder will be prorated based on the number of Shares properly tendered. The purchase price of properly tendered and accepted Shares will be 98% of the Fund's net asset value (“NAV”) as of the close of regular trading on the New York Stock Exchange on April 16, 2020, the day the Tender Offer expires. The Fund expects to announce the final results of the Tender Offer on or about April 17, 2020.Questio
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Sec Filings
- 11/7/24 - Form SC
- 10/30/24 - Form 4
- 9/5/24 - Form N-CSRS
- DSU's page on the SEC website