| Debt Strategies Fund, Inc. operates as a diversified, closed-end management investment company. The fund invests principally in a diversified portfolio of U.S. companies' debt instruments, including corporate loans made by banks and other financial institutions, as well as privately and publicly offered corporate bonds and notes. It invests in corporate loans that are rated in the lower rating categories of the rating agencies or unrated debt instruments. The funds portfolio includes investments in various sectors, such as broadcasting, cables, chemicals, utility, gaming, packaging, paper, telecommunications, and wireless communications. Fund Asset Management, L.P. serves as the investment advisor of the fund. The fund is based in Princeton, New Jersey. |
