BlackRock Declares Special Distributions Related to the Reorganization of Three BlackRock Taxable Fixed Income Closed-End Funds [Manufacturing Close – Up]

BlackRock Advisors announced special distributions for BlackRock Senior High Income Fund, Inc., BlackRock Strategic Bond Trust and BlackRock Debt Strategies Fund, Inc. in connection with the reorganization of ARK and BHD into DSU, with DSU continuing as the surviving Fund (each, a "Reorganization").

According to a release, with respect to each of the Funds, the distribution announced represents undistributed net investment income earned through the effective date of the Reorganizations. In order to maintain their status as regulated investment companies and to avoid the imposition of a corporate level income tax, ARK and BHD are required to distribute all of their respective net investment income prior to the consummation of the Reorganizations. Other than the distributions announced, ARK and BHD will pay no further distributions to their shareholders prior to or following the Reorganizations.

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