| Debt Strategies Fund, Inc. | |||
| Ticker: | DBS | 800 Scudders Mill Road | |
| Exchange: | New York Stock Exchange | Plainsboro, NJ 08536 | |
| Industry: | Financial (SIC Code 6726) | (609) 282-2800 | |
| Type of Shares: | Common Shares | Filing Date: | 4/8/97 | |
| U.S. Shares: | 28,200,000 | Offer Date: | 5/27/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $15.00 | |
| Primary Shares: | 28,200,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.00 | |
| Offering Amount: | $423,000,000 | Selling: | ||
| Expenses: | $510,000 | Reallowance: | ||
| Shares Out After: | 28,210,000 | |||
| Type of fund: | Fixed Income | |||
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Issuer's Law Firm: | Brown & Wood |
| Bank's Law Firm: | Brown & Wood |
| Auditor: | Deloitte & Touche |
| Registrar/Transfer Agent: | Bank of New York |
| Business Description |
| The company is a closed end investment fund. The objective of the fund is to seek to provide current income by investing primarily in a diversified portfolio of U.S. companies' debt instruments, including corporate loans, which are lowly rated. |
| Use of Proceeds |
| The proceeds from the proposed offering will be invested in accordance with the Fund's investment objectives and policies within three months after completion of the offering of the common stock. |