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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BlackRock Debt Strategies Fund Inc New | NYSE:DSU | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.09 | -0.82% | 10.82 | 10.92 | 10.80 | 10.91 | 167,634 | 01:00:00 |
Shareholder Transaction Expenses |
|||||
Sales load paid by you (as a percentage of offering price) (1) |
1.00 | % | |||
Offering expenses borne by the Fund (as a percentage of offering price) (2) |
0.03 | % | |||
Dividend reinvestment plan fees | $ |
0.02 per share for open-market purchases of common shares |
(3) | ||
Estimated Annual Expenses ( attributable to common shares) |
|||||
Management fees (4)(5) |
0.79 | % | |||
Other Expenses |
1.68 | % | |||
Miscellaneous Other Expenses (6) |
0.09% | ||||
Interest Expense (7)(8) |
1.59% | ||||
Total Annual Fund Operating Expenses (7) |
2.47 | % | |||
Fee Waivers and/or Expense Reimbursements (5) |
— | ||||
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements (5) |
2.47 | % |
(1) |
Represents the estimated commission with respect to the Fund’s common shares being sold in this offering. There is no guarantee that there will be any sales of the Fund’s common shares pursuant to this Prospectus Supplement and the accompanying Prospectus. Actual sales of the Fund’s common shares under this Prospectus Supplement and the accompanying Prospectus, if any, may be less than as set forth under “Capitalization” below. In addition, the price per share of any such sale may be greater than or less than the price set forth under “Capitalization” below, depending on market price of the Fund’s common shares at the time of any such sale. |
(2) |
Based on a sales price per share of $9.20, which represents the last reported sales price per share of the Fund’s common shares on the NYSE on December 30, 2022. Assumes all of the common shares being offered by this Prospectus Supplement and the accompanying Prospectus are sold. Represents the initial offering costs incurred by the Fund in connection with this offering, which are estimated to be $125,581. Offering costs generally include, but are not limited to, the preparation, review and filing with the SEC of the Fund’s registration statement, the preparation, review and filing of any associated marketing or similar materials, costs associated with the printing, mailing or other distribution of the Prospectus Supplement and the accompanying Prospectus and/or marketing materials, associated filing fees, NYSE listing fees, and legal and auditing fees associated with the offering. |
(3) |
Computershare Trust Company, N.A.’s (the “Reinvestment Plan Agent”) fees for the handling of the reinvestment of dividends will be paid by the Fund. However, you will pay a $0.02 per share fee incurred in connection with open-market purchases, which will be deducted from the value of the dividend. You will also be charged a $0.02 per share fee if you direct the Reinvestment Plan Agent to sell your common shares held in a dividend reinvestment account. Per share fees include any applicable brokerage commissions the Reinvestment Plan Agent is required to pay. |
(4) |
The Fund currently pays the Advisor a contractual management fee at an annual rate of 0.55% based on an aggregate of (i) the Fund’s average daily Net Assets and (ii) the proceeds of any outstanding debt securities or borrowings used for leverage (together, “average daily Managed Assets”). “Net Assets” means the total assets of the Fund minus the sum of the accrued liabilities. The liquidation preference of any outstanding preferred stock (other than accumulated dividends) is not considered a liability in determining the Fund’s net asset value. The Fund uses leverage in the form of a credit facility, which as of December 31, 2022 amounted to approximately 25.2% of the Fund’s Managed Assets (approximately 33.7% of the Fund’s net assets). “Managed Assets” means the total assets of the Fund minus the sum of the Fund’s accrued liabilities (other than the aggregate indebtedness constituting financial leverage). The Fund’s net assets attributable to common stock are the Fund’s Managed Assets minus the value of the Fund’s assets attributable to indebtedness constituting financial leverage. Thus, when the Fund uses leverage, its net assets attributable to common stock are less than its Managed Assets and its expenses (including the management fee) stated as a percentage of its net assets attributable to common stock are greater than they would be if stated as a percentage of its Managed Assets. This table reflects the fact that you, as a common shareholder, bear the expenses of the Fund’s use of leverage in the form of higher fees as a percentage of the Fund’s net assets attributable to common stock than if the Fund did not use leverage. |
(5) |
The Fund and the Advisor have entered into a fee waiver agreement (the “Fee Waiver Agreement”), pursuant to which the Advisor has contractually agreed to waive the management fee with respect to any portion of the Fund’s assets attributable to investments in any equity and fixed-income mutual funds and exchange-traded funds managed by the Advisor or its affiliates that have a contractual management fee, through June 30, 2024. In addition, pursuant to the Fee Waiver Agreement, the Advisor has contractually agreed to waive its management fees by the amount of investment advisory fees the Fund pays to the Advisor indirectly through its investment in money market funds managed by the Advisor or its affiliates, through June 30, 2024. The Fee Waiver Agreement may be terminated at any time, without the payment of any penalty, only by the Fund (upon the vote of a majority of the Directors who are not “interested persons” (as defined in the Investment Company Act) of the Fund (the “Independent Directors”)) or a majority of the outstanding voting securities of the Fund), upon 90 days’ written notice by the Fund to the Advisor. |
(6) |
Actual amount based on the fiscal year ended December 31, 2022. |
(7) |
The Total Annual Fund Operating Expenses do not correlate to the ratios of expense to average net assets given in the Fund’s most recent annual report, which does not include the restatement of Interest Expense to reflect current fees. |
(8) |
Reflects leverage, in the form of a credit facility, in an amount equal to approximately 25.2% of the Fund’s Managed Assets as of December 31, 2022. The interest expense borne by the Fund will vary over time in accordance with the level of the Fund’s use of leverage and variations in market interest rates. Interest expense is required to be treated as an expense of the Fund for accounting purposes. |
1 Year |
3 Years |
5 Years |
10 Years |
|||||||||||||
Total expenses incurred | $ | 35 | $ | 86 | $ | 140 | $ | 288 |
Shareholder Transaction Expenses |
|||||
Sales load paid by you (as a percentage of offering price) (1) |
1.00 | % | |||
Offering expenses borne by the Fund (as a percentage of offering price) ( 1 ) |
0.03 | % | |||
Dividend reinvestment plan fees | $ |
0.02 per share for open-market purchases of common shares |
(2) | ||
Estimated Annual Expenses attributable to common shares) |
|||||
Management fees (3)(4) |
0.79 | % | |||
Other Expenses |
1.68 | % | |||
Miscellaneous Other Expenses (5) |
0.09% | ||||
Interest Expense (6)(7) |
1.59% | ||||
Total Annual Fund Operating Expenses (6) |
2.47 | % | |||
Fee Waivers and/or Expense Reimbursements ( 4 ) |
— | ||||
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements ( 4 ) |
2.47 | % |
(1) |
If the common shares are sold to or through underwriters, the Prospectus Supplement will set forth any applicable sales load and the estimated offering expenses. Fund shareholders will pay all offering expenses involved with an offering. |
(2) |
The Reinvestment Plan Agent’s (as defined below under “Dividend Reinvestment Plan”) fees for the handling of the reinvestment of dividends will be paid by the Fund. However, you will pay a $0.02 per share fee incurred in connection with open-market purchases, which will be deducted from the value of the dividend. You will also be charged a $0.02 per share fee if you direct the Reinvestment Plan Agent to sell your common shares held in a dividend reinvestment account. Per share fees include any applicable brokerage commissions the Reinvestment Plan Agent is required to pay. |
(3) |
The Fund currently pays the Advisor a contractual management fee at an annual rate of 0.55% based on an aggregate of (i) the Fund’s average daily Net Assets and (ii) the proceeds of any outstanding debt securities or borrowings used for leverage (together, “average daily Managed Assets”). “Net Assets” means the total assets of the Fund minus the sum of the accrued liabilities. The liquidation preference of any outstanding preferred stock (other than accumulated dividends) is not considered a liability in determining the Fund’s net asset value. The Fund uses leverage in the form of a credit facility, which as of December 31, 2022 amounted to approximately 25.2% of the Fund’s Managed Assets (approximately 33.7% of the Fund’s net assets). “Managed Assets” means the total assets of the Fund minus the sum of the Fund’s accrued liabilities (other than the aggregate indebtedness constituting financial leverage). The Fund’s net assets attributable to common stock are the Fund’s Managed Assets minus the value of the Fund’s assets attributable to indebtedness constituting financial leverage. Thus, when the Fund uses leverage, its net assets attributable to common stock are less than its Managed Assets and its expenses (including the management fee) stated as a percentage of its net assets attributable to common stock are greater than they would be if stated as a percentage of its Managed Assets. This table reflects the fact that you, as a common shareholder, bear the expenses of the Fund’s use of leverage in the form of higher fees as a percentage of the Fund’s net assets attributable to common stock than if the Fund did not use leverage. |
(4) |
The Fund and the Advisor have entered into a fee waiver agreement (the “Fee Waiver Agreement”), pursuant to which the Advisor has contractually agreed to waive the management fee with respect to any portion of the Fund’s assets attributable to investments in any equity and fixed-income mutual funds and exchange-traded funds (“ETFs”) managed by the Advisor or its affiliates that have a contractual management fee, through June 30, 2024. In addition, pursuant to the Fee Waiver Agreement, the Advisor has contractually agreed to waive its management fees by the amount of investment advisory fees the Fund pays to the Advisor indirectly through its investment in money market funds managed by the Advisor or its affiliates, through June 30, 2024. The Fee Waiver Agreement may be terminated at any time, without the payment of any penalty, only by the Fund (upon the vote of a majority of the Directors who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended (the “Investment Company Act”), of the Fund (the “Independent Directors”)) or a majority of the outstanding voting securities of the Fund), upon 90 days’ written notice by the Fund to the Advisor. |
(5) |
Actual amount based on the fiscal year ended December 31, 2022. |
(6) |
The Total Annual Fund Operating Expenses do not correlate to the ratios of expense to average net assets given in the Fund’s most recent annual report, which does not include the restatement of Interest Expense to reflect current fees. |
(7) |
Reflects leverage, in the form of a credit facility, in an amount equal to approximately 25.2% of the Fund’s Managed Assets as of December 31, 2022. The interest expense borne by the Fund will vary over time in accordance with the level of the Fund’s use of leverage and variations in market interest rates. Interest expense is required to be treated as an expense of the Fund for accounting purposes. |
1 Year |
3 Years |
5 Years |
10 Years |
|||||||||||||
Total expenses incurred | $ | 35 | $ | 86 | $ | 140 | $ | 288 |
1 Year BlackRock Debt Strategies Chart |
1 Month BlackRock Debt Strategies Chart |
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