BlackRock Diversified Income Strategies Fund Provides Steady Income

BlackRock Diversified Income Strategies Fund (DVF), a closed-end income fund, is on the price upside despite rising interest rates and is currently paying a monthly dividend of 15 cents for an annual yield of 9.44 percent. DVF has steadily increased its monthly dividend since its inception in January 2005.

Like many closed-end funds, DVF dropped in price shortly after its initial public offering (IPO). But after making a double bottom, DVF turned to the upside. Currently DVF is trading above its net asset value (NAV) of $18.82. Therefore, do not buy DVF now. Wait until it trades below its NAV.

See the fund's Web site for more information about DVF.

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Posted October 15, 2006.