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BlackRock Diversified Income Strategies Portfolio
Ticker Symbol: DVF* CUSIP: 09255W102 Exchange: NYSE
* NOTE: This security is no longer trading as of 10/08/2012
Company's Online Profile
FUND DESCRIPTION: BlackRock (formerly Merrill Lynch) Diversified Income Strategies Portfolio, Inc. is a diversified, closed-end fund. The Fund’s investment objective is to provide stockholders with high current income. The Fund seeks to achieve its objective by investing primarily in a diversified portfolio of floating rate debt securities and instruments. The Fund also may invest to a lesser extent in fixed rate debt securities and instruments. The Fund may invest without limit and generally intends to invest a substantial portion of its assets in floating or fixed rate debt securities and instruments that are rated below investment grade. The Fund also may invest in securities and instruments that are not rated as investment grade. Securities and instruments of below investment grade quality are regarded as having predominantly speculative characteristics with respect to capacity to pay interest and dividend income and to repay principal, and are commonly referred to as high yield securities or junk bonds. The Fund may leverage through borrowings, the issuance of debt securities, the issuance of preferred stock or a combination thereof. The Fund currently intends to borrow money in an initial amount up to approximately 30% of the value of its total assets. BlackRock Advisors is the Fund's investment advisor and BlackRock Advisors' affiliate, BlackRock Financial Management, provides certain day-to-day investment management services to the Fund.
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Notes: Oct 8, 2012 -- BlackRock Advisors, LLC today announced that the reorganization of each of BlackRock Diversified Income Strategies Fund, Inc. (DVF) and BlackRock Floating Rate Income Strategies Fund II, Inc. (FRB) with and into BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (collectively, the Reorganizations) is effective as of the opening for business of the New York Stock Exchange on October 8, 2012. In the Reorganizations, each of FRB and DVF was reorganized with and into FRA. Common shareholders of FRB and DVF, respectively, received an amount of FRA common shares equal to the aggregate net asset value of their holdings of FRB and/or DVF common shares, as applicable, as determined at the close of business on October 5, 2012. Fractional FRA shares were not issued in the Reorganizations and consequently cash will be distributed for any such fractional amounts.
Conversion Ratio
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) $15.0289 N/A
BlackRock Floating Rate Income Strategies Fund II, Inc. (FRB) $13.7458 0.91462449
BlackRock Diversified Income Strategies Fund, Inc. (DVF) $10.8845 0.72423797
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IPO - 1/31/2005 - 11.05 Million Shares @ $20.00/share.
Link to IPO Prospectus
Small Cap Stock -
Market Value $112.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 40 East 52nd Street, New York, NY 10022 |
| Main Phone Number |
800-882-0052 |
| Fax Number |
Not Available |
| Investor Contact
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800-441-7762
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| Toll Free Phone Number |
800-441-7762 |
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