Blackstone Credit Closed-End Funds Declare Special Distributions
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 | |
BGX | Long-Short Credit Income Fund | |
BGB | Strategic Credit Fund |
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
Blackstone Credit is one of the largest credit-focused asset managers, with
Investors wishing to buy or sell shares need to place orders through an intermediary or broker.
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