STOCK TITAN

Blackstone Credit Closed-End Funds Declare Special Distributions

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags

NEW YORK, Dec. 20, 2021 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone Inc., "Blackstone Credit"), announced today a special distribution for each of the three listed closed-end funds it advises, Blackstone Senior Floating Rate Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit Fund (NYSE: BGB) (each a "Fund" and together the "Funds"). These special distributions are in addition to each Fund's regular monthly distributions. The special distribution for each Fund is set forth below, and the following dates apply to the special distributions declared today:

Ticker

Fund

Special Distribution Per Share

BSL

Senior Floating Rate Term Fund

$0.086

BGX

Long-Short Credit Income Fund

$0.058

BGB

Strategic Credit Fund

$0.044

Ex-Date:

December 30, 2021

Record Date:

December 31, 2021

Payable Date:

January 31, 2022

These special distributions are payable in 2022 but will be treated as having been paid by the Funds and received by shareholders as of December 31, 2021.

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. The Funds anticipate these special distributions will not result in a return of capital.

About Blackstone and Blackstone Credit
Blackstone is the world's largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. 

Blackstone Credit is one of the largest credit-focused asset managers, with $178 billion in AUM. We seek to generate attractive risk-adjusted returns for our clients by investing across the entire corporate credit market, from public debt to private loans. Our capital supports a wide range of companies across sectors and geographies, enabling businesses to expand, invest, and navigate changing market environments

Investors wishing to buy or sell shares need to place orders through an intermediary or broker.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/blackstone-credit-closed-end-funds-declare-special-distributions-301448574.html

SOURCE Blackstone Liquid Credit Strategies LLC

Blackstone Strategic Credit 2027 Term Fund

NYSE:BGB

BGB Rankings

BGB Latest News

BGB Stock Data

551.61M
44.61M
0.13%
54.1%
0.08%
Asset Management
Financial Services
Link
United States of America
New York