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. (DSU)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Donald C. Burke, 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: (800) 882-0052, Option 4
Date of fiscal year end: 02/28 Date of reporting period: 07/01/2007 --
06/30/2008 Item 1 -- Proxy Voting Record -- Attached hereto.
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.
BlackRock Debt Strategies Fund, Inc.
By: /s/ Donald C. Burke
Donald C. Burke
Chief Executive Officer of BlackRock Debt Strategies Fund, Inc.
Date: August 25, 2008
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-08603
Reporting Period: 07/01/2007 - 06/30/2008
BlackRock Debt Strategies Fund, Inc.
===================== BLACKROCK DEBT STRATEGIES FUND, INC. =====================
CYPRESS SEMICONDUCTOR CORP.
Ticker: CY Security ID: 232806109
Meeting Date: MAY 9, 2008 Meeting Type: Annual
Record Date: MAR 11, 2008
# 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
4 Approve Executive Incentive Bonus Plan For For Management
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DELTA AIR LINES, INC.
Ticker: DAL Security ID: 247361702
Meeting Date: JUN 3, 2008 Meeting Type: Annual
Record Date: APR 18, 2008
# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Director Richard H. Anderson For For Management
2 Elect Director John S. Brinzo For For Management
3 Elect Director Daniel A. Carp For For Management
4 Elect Director Eugene I. Davis For Against Management
5 Elect Director Richard Karl Goeltz For For Management
6 Elect Director David R. Goode For For Management
7 Elect Director Victor L. Lund For For Management
8 Elect Director Walter E. Massey For For Management
9 Elect Director Paula Rosput Reynolds For For Management
10 Elect Director Kenneth C. Rogers For For Management
11 Elect Director Kenneth B. Woodrow For For Management
12 Ratify Auditors For For Management
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GENTEK INC.
Ticker: GETI Security ID: 37245X203
Meeting Date: MAY 15, 2008 Meeting Type: Annual
Record Date: MAR 19, 2008
# 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 Ratify Auditors For For Management
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GEO SPECIALTY CHEMICALS INC.
Ticker: GSCQ Security ID: 37246R205
Meeting Date: NOV 15, 2007 Meeting Type: Annual
Record Date: OCT 4, 2007
# 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 Bradley E. Scher For For Management
4 Elect Director Kenneth A. Ghazey For For Management
5 Increase in the Authorized Share Capital None For Management
from 6 Million Shares to 120 Million
Shares
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LODGIAN, INC.
Ticker: LGN Security ID: 54021P403
Meeting Date: APR 24, 2008 Meeting Type: Annual
Record Date: MAR 10, 2008
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Stewart J. Brown For For Management
1.2 Elect Director Alex R. Lieblong For For Management
1.3 Elect Director Paul J. Garity For For Management
1.4 Elect Director Peter T. Cyrus For For Management
1.5 Elect Director Michael J. Grondahl For For Management
1.6 Elect Director W. Blair Allen For For Management
1.7 Elect Director Mark S. Oei For For Management
2 Ratify Auditors For For Management
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LORAL SPACE & COMMUNICATIONS INC.
Ticker: LORL Security ID: 543881106
Meeting Date: MAY 20, 2008 Meeting Type: Annual
Record Date: APR 3, 2008
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Michael B. Targoff For For Management
2 Ratify Auditors For For Management
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MEDIS TECHNOLOGIES LTD.
Ticker: MDTL Security ID: 58500P107
Meeting Date: JUL 17, 2007 Meeting Type: Annual
Record Date: JUN 4, 2007
# 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
1.10 Elect Director Daniel A. Luchansky For For Management
2 Increase Authorized Common Stock For For Management
3 Approve Omnibus Stock Plan For For Management
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MEDIS TECHNOLOGIES LTD.
Ticker: MDTL Security ID: 58500P107
Meeting Date: MAY 15, 2008 Meeting Type: Special
Record Date: APR 7, 2008
# Proposal Mgt Rec Vote Cast Sponsor
1 Increase Authorized Common Stock For For Management
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MOVIE GALLERY, INC.
Ticker: MOVIQ Security ID: 624581AB0
Meeting Date: MAR 24, 2008 Meeting Type: Written Consent
Record Date: FEB 5, 2008
# Proposal Mgt Rec Vote Cast Sponsor
1 The Plan None For Management
2 Elect to Become a Consenting 11% Senior None For Management
Note Holder Pursuant to the Plan Support
Agreement
3 The Third Party Release None For Management
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NEENAH ENTERPRISES, INC.
Ticker: NENA Security ID: 64007P103
Meeting Date: JAN 24, 2008 Meeting Type: Annual
Record Date: DEC 7, 2007
# 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 Withhold Management
1.6 Elect Director Jeffrey G. Marshall For For Management
1.7 Elect Director Robert E. Ostendorf, Jr For For Management
2 Ratify Auditors For For Management
3 Approve Executive Incentive Bonus Plan For For Management
4 Approve Omnibus Stock Plan For For Management
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WESTERN FOREST PRODUCTS INC.
Ticker: WEF Security ID: 958211203
Meeting Date: MAY 8, 2008 Meeting Type: Annual/Special
Record Date: APR 1, 2008
# 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 John MacIntyre For For Management
1.7 Elect Director Cyrus Madon For For Management
1.8 Elect Director Pierre McNeil For For Management
1.9 Elect Director John B. Newman For For Management
2 Approve KPMG LLP as Auditors and For For Management
Authorize Board to Fix Their Remuneration
3 Amend Stock Option Plan For For Management
4 Amend Stock Option Plan For Against Management
========== END NPX REPORT