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.
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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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