UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act File Number 811-08603
Name of Fund: BlackRock Debt Strategies Fund, Inc.
Fund Address: P.O. Box 9011
Princeton, NJ 08543-9011
Name and address of agent for service:
Robert C. Doll, Jr., Chief Executive Officer, BlackRock Debt Strategies
Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing
address: P.O. Box 9011, Princeton, NJ, 08543-9011
Registrant's telephone number, including area code: (609) 282-2800
Date of fiscal year end: 02/28
Date of reporting period: 07/01/06 - 06/30/07
Item 1 - Proxy Voting Record
The information contained herein discloses the following information for each
matter relating to a portfolio security considered at any shareholder meeting
held during the period covered by the report and with respect to which the
registrant was entitled to vote:
(a) The name of the issuer of the portfolio security;
(b) The exchange ticker symbol of the portfolio security;
(c) The Council on Uniform Securities Identification Procedures ("CUSIP")
number for the portfolio security;
(d) The shareholder meeting date;
(e) A brief identification of the matter voted on;
(f) Whether the matter was proposed by the issuer or by a security holder;
(g) Whether the registrant cast its vote on the matter;
(h) How the registrant cast its vote; and
(i) Whether the registrant cast its vote for or against management.
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-08603
Reporting Period: 07/01/2006 - 06/30/2007
BlackRock Debt Strategies Fund, Inc.
========================== BlackRock DEBT STRATEGIES FUND, INC. ================
ACP HOLDING COMPANY
Ticker: Security ID: 00087L208
Meeting Date: JAN 25, 2007 Meeting Type: Annual
Record Date: DEC 21, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director William M. Barrett For For Management
1.2 Elect Director Albert E. Ferrara, Jr. For For Management
1.3 Elect Director David B. Gendell For For Management
1.4 Elect Director Stephen E.K. Graham For For Management
1.5 Elect Director Joseph V. Lash For For Management
1.6 Elect Director Jeffrey G. Marshall For For Management
1.7 Elect Director Gerald E. Morris For For Management
2 Ratify Auditors For For Management
--------------------------------------------------------------------------------
CYPRESS SEMICONDUCTOR CORP.
Ticker: CY Security ID: 232806109
Meeting Date: MAY 3, 2007 Meeting Type: Annual
Record Date: MAR 9, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director T.J. Rodgers For For Management
1.2 Elect Director W. Steve Albrecht For For Management
1.3 Elect Director Eric A. Benhamou For For Management
1.4 Elect Director Lloyd Carney For For Management
1.5 Elect Director James R. Long For For Management
1.6 Elect Director J. Daniel Mccranie For For Management
1.7 Elect Director Evert Van De Ven For For Management
2 Ratify Auditors For For Management
3 Amend Omnibus Stock Plan For For Management
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GENTEK INC.
Ticker: GETI Security ID: 37245X203
Meeting Date: MAY 17, 2007 Meeting Type: Annual
Record Date: MAR 28, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Director Henry L. Druker For For Management
2 Elect Director Kathleen R. Flaherty For For Management
3 Elect Director John G. Johnson, Jr. For For Management
4 Elect Director John F. McGovern For For Management
5 Elect Director William E. Redmond, Jr. For For Management
6 Elect Director Richard A. Rubin For For Management
7 Amend Omnibus Stock Plan For Against Management
8 Ratify Auditors For For Management
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GEO SPECIALTY CHEMICALS INC.
Ticker: GSCQ Security ID: 37246R205
Meeting Date: NOV 16, 2006 Meeting Type: Annual
Record Date: OCT 18, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Director David L. Eaton For For Management
2 Elect Director Charles Macaluso For For Management
3 Elect Director Michael Y. McGovern For For Management
4 Elect Director Kenneth A. Ghazey For For Management
5 Increase Authorized Common Stock For For Management
--------------------------------------------------------------------------------
LODGIAN, INC.
Ticker: LGN Security ID: 54021P403
Meeting Date: APR 24, 2007 Meeting Type: Annual
Record Date: MAR 9, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Stewart J. Brown For For Management
1.2 Elect Director Stephen P. Grathwohl For For Management
1.3 Elect Director Dr. Sheryl E. Kimes For Withhold Management
1.4 Elect Director Kevin C. Mctavish For For Management
1.5 Elect Director Edward J. Rohling For For Management
1.6 Elect Director Alex R. Lieblong For For Management
1.7 Elect Director Paul J. Garity For For Management
1.8 Elect Director Peter T. Cyrus For For Management
1.9 Elect Director Michael J. Grondahl For For Management
2 Amend Omnibus Stock Plan For For Management
3 Ratify Auditors For For Management
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LORAL SPACE & COMMUNICATIONS LTD.
Ticker: LORL Security ID: 543881106
Meeting Date: MAY 22, 2007 Meeting Type: Annual
Record Date: APR 5, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director John D. Harkey, Jr. For Withhold Management
1.2 Elect Director Arthur L. Simon For Withhold Management
1.3 Elect Director John P. Stenbit For Withhold Management
2 Amend Omnibus Stock Plan For For Management
3 Ratify Auditors For For Management
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MEDIS TECHNOLOGIES LTD.
Ticker: MDTL Security ID: 58500P107
Meeting Date: JUL 18, 2006 Meeting Type: Annual
Record Date: JUN 2, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Robert K. Lifton For Withhold Management
1.2 Elect Director Howard Weingrow For Withhold Management
1.3 Elect Director Jacob S. Weiss For Withhold Management
1.4 Elect Director Amos Eiran For For Management
1.5 Elect Director Zeev Nahmoni For For Management
1.6 Elect Director Jacob E. Goldman For For Management
1.7 Elect Director Philip Weisser For For Management
1.8 Elect Director Mitchell H. Freeman For For Management
1.9 Elect Director Steve M. Barnett For For Management
2 Increase Authorized Common Stock For For Management
3 Amend Stock Option Plan For For Management
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WESTERN FOREST PRODUCTS INC.
Ticker: WEF Security ID: 958211203
Meeting Date: MAY 10, 2007 Meeting Type: Annual/Special
Record Date: APR 3, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director James Arthurs For For Management
1.2 Elect Director Lee Doney For For Management
1.3 Elect Director Dominic Gammiero For For Management
1.4 Elect Director Robert J. Harding For For Management
1.5 Elect Director Reynold Hert For For Management
1.6 Elect Director Jonh MacIntyre For For Management
1.7 Elect Director Cyrus Madon For For Management
1.8 Elect Director John B. Newman For For Management
2 Approve KPMG LLP as Auditors and For For Management
Authorize Board to Fix Remuneration of
Auditors
3 Amend Stock Option Plan For Against Management
========== END NPX REPORT
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
By: /s/ Robert C. Doll, Jr.
------------------------
Robert C. Doll, Jr.
Chief Executive Officer
BlackRock Debt Strategies Fund, Inc.
Date: August 15, 2007