13G Filing: Saba Capital and Blackrock Debt Strategies Fund, Inc. (DSU)

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Boaz Weinstein’s Saba Capital has recently filed a 13G filing with the Securities and Exchange Commission. According to the filing, Saba currently owns around 18.79 million shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU). The position is passive by nature and amassed around 10.05% of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)’s outstanding common stock. More details about the position can be seen below.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Saba Capital Management, L.P. 18,790,316 18,790,316 10.05%
Boaz R. Weinstein 18,790,316 18,790,316 10.05%

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Washington, D.C.


Under the Securities Exchange Act of 1934

(Amendment No. 2)*

BlackRock Debt Strategies Fund,

(Name of Issuer)

Common Stock, $0.01 par value per share
(Title of Class of Securities)

(CUSIP Number)

January 15, 2016
(Date of Event which
Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:

[_] Rule 13d-1(b)

[X] Rule 13d-1(c)

[_] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a
reporting person’s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page
shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).

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