Welcome to our dedicated page for Blackstone Senior Floating Rate 2027 Term Fund news (Ticker: BSL), a resource for investors and traders seeking the latest updates and insights on Blackstone Senior Floating Rate 2027 Term Fund stock.
Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a diversified, closed-end management investment company managed by Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP. The Fund's primary goal is to seek high current income, with a secondary objective of capital preservation.
The Fund primarily invests in senior secured floating rate loans, second-lien loans, and high yield bonds. This diversified investment strategy aims to provide steady income while managing risk through financial leverage. The Fund leverages Blackstone's substantial expertise and vast network to navigate complex credit markets and identify attractive investment opportunities.
Recent Achievements and Developments: Recently, the Fund announced changes in its Trustee and Officer positions. Effective January 1, 2024, Robert Zable has been appointed as Trustee, Chairman of the Boards of Trustees, President, and Chief Executive Officer, succeeding Daniel H. Smith. Additionally, Robert Post has been appointed as Executive Vice President and Assistant Secretary.
Dynamic Distribution Strategy: The Fund's dynamic distribution strategy provides flexibility to adjust monthly distributions based on the Fund's recent average monthly net income. This approach allows the Fund to maintain portfolio credit quality in various market conditions and reduces the need to retain reserves from net investment income, ensuring more consistent distributions to shareholders.
With its robust management team and strategic investment approach, Blackstone Senior Floating Rate 2027 Term Fund aims to deliver attractive returns while preserving capital for its investors. For further information, investors can contact the Funds at 1 (877) 299-1588 or visit the Funds' website.
Blackstone Liquid Credit Strategies LLC announced on February 23, 2023 that two of its closed-end funds will undergo name changes effective March 6, 2023. The Blackstone Senior Floating Rate Term Fund (NYSE: BSL) will be renamed to Blackstone Senior Floating Rate 2027 Term Fund, and the Blackstone Strategic Credit Fund (NYSE: BGB) will become Blackstone Strategic Credit 2027 Term Fund. Both funds are set to dissolve in 2027, with BSL terminating on May 31, 2027 and BGB on September 15, 2027.
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