Blackstone Credit Closed-End Funds Declare Monthly Distributions
- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP, has announced monthly distributions for its three listed closed-end funds. The monthly distribution per share for Blackstone Senior Floating Rate 2027 Term Fund is $0.119, for Blackstone Long-Short Credit Income Fund is $0.112, and for Blackstone Strategic Credit 2027 Term Fund is $0.102. The distribution declarations have specific dates for ex-date, record date, and payable date. The dynamic distribution strategy provides flexibility and stability in varying market conditions.
- None.
The Funds' monthly distributions are set forth below. The following dates apply to the distribution declarations for the Funds:
Ticker | Fund | Monthly Distribution Per Share |
BSL | Senior Floating Rate 2027 Term Fund | |
BGX | Long-Short Credit Income Fund | |
BGB | Strategic Credit 2027 Term Fund |
Ex-Date: | September 21, 2023 | October 23, 2023 | November 21, 2023 |
Record Date: | September 22, 2023 | October 24, 2023 | November 22, 2023 |
Payable Date: | September 29, 2023 | October 31, 2023 | November 30, 2023 |
The Funds declare a set of monthly distributions each quarter in amounts closely tied to the respective Fund's recent average monthly net income. As a result, the monthly distribution amounts for the Funds typically vary quarter-to-quarter, and shareholders of any Fund should not expect that Fund to continue to pay distributions in the same amounts shown above. The dynamic distribution strategy provides Blackstone Credit with greater flexibility to maintain portfolio credit quality in varying market conditions. In addition, the dynamic distribution strategy reduces the need to retain reserves from net investment income to support the stability of future distributions.
A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain, or return of capital. The final determination of the source and tax characteristics of these distributions will depend upon each Fund's investment experience during its fiscal year and will be made after the Fund's year end. Each Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes.
Blackstone and Blackstone Credit
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Contact the Funds at 1 (877) 299-1588 or visit the Funds' website at www.blackstone-credit.com for additional information.
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SOURCE Blackstone