Welcome to our dedicated page for Blackstone Long-Short Credit Income news (Ticker: BGX), a resource for investors and traders seeking the latest updates and insights on Blackstone Long-Short Credit Income stock.
Blackstone Long-Short Credit Income Fund (BGX) delivers focused coverage of this dynamic fixed-income investment vehicle. Track all official announcements and market analysis related to BGX's long-short credit strategy, portfolio adjustments, and distribution updates in one centralized location.
This resource provides investors with timely access to earnings reports, strategic initiatives, and management commentary. Discover updates on secured loan positions, high-yield bond allocations, and risk management approaches that define BGX investment methodology.
Key content includes dividend declarations, NAV updates, credit market positioning, and regulatory filings. Our curated news selection helps stakeholders monitor the fund's performance in evolving interest rate environments while maintaining awareness of capital preservation strategies.
Bookmark this page for streamlined access to BGX developments. Combine our comprehensive news tracking with your due diligence process for informed fixed-income investment decisions.
Blackstone Credit & Insurance has announced monthly distributions for three listed closed-end funds: Blackstone Senior Floating Rate 2027 Term Fund (BSL), Blackstone Long-Short Credit Income Fund (BGX), and Blackstone Strategic Credit 2027 Term Fund (BGB).
The funds employ a dynamic distribution strategy where monthly distributions are closely tied to each fund's recent average monthly net income, typically varying quarter-to-quarter. This approach provides Blackstone Credit & Insurance greater flexibility in maintaining portfolio credit quality across market conditions and reduces the need for net investment income reserves to support future distributions.
As part of Blackstone, the world's largest alternative asset manager with over $1.1 trillion in assets under management, Blackstone Credit & Insurance operates as a leading credit investor across various markets, including private investment grade, public investment grade, high yield, infrastructure debt, and direct lending.
Blackstone Credit & Insurance has announced monthly distributions for three listed closed-end funds: Blackstone Senior Floating Rate 2027 Term Fund (BSL), Blackstone Long-Short Credit Income Fund (BGX), and Blackstone Strategic Credit 2027 Term Fund (BGB). The distributions are set at $0.108 per share for BSL, $0.097 for BGX, and $0.089 for BGB.
The distributions will be payable with ex-dates and record dates of December 23, 2024, for the first two payments, and February 21, 2025, for the third payment. Payment dates are scheduled for December 31, 2024, January 31, 2025, and February 28, 2025, respectively.
The funds employ a dynamic distribution strategy that adjusts monthly distribution amounts quarterly based on recent average monthly net income, allowing for better portfolio credit quality management in varying market conditions.
Blackstone Credit & Insurance announced key leadership changes for its three closed-end funds (BSL, BGX, and BGB). Robert Zable resigned as Trustee, Chairman, President, and CEO, with Daniel Leiter appointed to these positions. Marisa Beeney stepped down as Chief Legal Officer and Secretary, replaced by Kevin Michel. Portfolio management changes include Robert Zable and Gordon McKemie stepping down, while Daniel McMullen and Meghan Fornshell became new portfolio managers, with Robert Post remaining. The funds' strategies, investment objectives, and policies will remain unchanged.
Blackstone Credit & Insurance has announced monthly distributions for three closed-end funds it advises: Blackstone Senior Floating Rate 2027 Term Fund (BSL), Blackstone Long-Short Credit Income Fund (BGX), and Blackstone Strategic Credit 2027 Term Fund (BGB). The distributions are set at $0.114, $0.101, and $0.093 per share respectively.
Key dates for these distributions are:
- Ex-Date: Sept 23, Oct 24, Nov 21, 2024
- Record Date: Sept 23, Oct 24, Nov 21, 2024
- Payable Date: Sept 30, Oct 31, Nov 29, 2024
The funds employ a dynamic distribution strategy, allowing for flexibility in maintaining portfolio credit quality and reducing the need for income reserves. Distributions may come from various sources, including short-term capital gain, long-term capital gain, or return of capital.
Blackstone Credit & Insurance announced corrected ex-dividend dates for its three closed-end funds: Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB). Each ex-dividend date has been adjusted one day later than previously announced.
The new ex-dividend dates are June 21, 2024, July 24, 2024, and August 23, 2024. The corrected monthly distribution per share is $0.114 for BSL, $0.105 for BGX, and $0.101 for BGB. Payable dates are June 28, 2024, July 31, 2024, and August 30, 2024.
These distributions are aligned with each fund's average monthly net income and may vary quarterly. A portion of these distributions might come from sources other than net investment income. Final tax characteristics will be determined after the fiscal year's end. Blackstone Credit & Insurance aims to maintain portfolio credit quality and provide flexibility in varying market conditions.
Blackstone Credit & Insurance, an affiliate of Blackstone Alternative Credit Advisors, declared monthly distributions for three of its listed closed-end funds: Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB).
The distribution amounts per share are $0.114 for BSL, $0.105 for BGX, and $0.101 for BGB. The ex-dates are June 20, July 23, and August 22, 2024, with corresponding record dates on June 21, July 24, and August 23, and payable dates on June 28, July 31, and August 30, 2024.
The distribution amounts typically vary each quarter based on the Funds' average monthly net income. A portion of these distributions may be sourced from short-term capital gain, long-term capital gain, or return of capital. The final tax characteristics will be determined post fiscal year-end.
FAQ
What is the current stock price of Blackstone Long-Short Credit Income (BGX)?
What is the market cap of Blackstone Long-Short Credit Income (BGX)?
