Bank of America reports 4.4% stake in BGB fund

Bank of America Corporation filed an amended Schedule 13G reporting its beneficial ownership in Blackstone Strategic Credit 2027 Term Fund common stock.

Accepted by SEC EDGAR 02/12/2026 - 11:12 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Bank of America Corporation filed an amended Schedule 13G reporting its beneficial ownership in Blackstone Strategic Credit 2027 Term Fund common stock. It reports beneficial ownership of 1,944,492 shares, representing 4.4% of the class, based on 44,664,382 shares outstanding as reported by the fund as of June 30, 2025.

Bank of America reports no sole voting or dispositive power, with shared voting power over 12,997 shares and shared dispositive power over 1,944,492 shares. The filing states that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the fund.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ownership in BGB does Bank of America report on this Schedule 13G/A?

Bank of America reports beneficial ownership of 1,944,492 shares of Blackstone Strategic Credit 2027 Term Fund common stock, representing 4.4% of the class, based on 44,664,382 shares outstanding as of June 30, 2025.

How was Bank of America’s 4.4% ownership in BGB calculated?

The 4.4% ownership figure uses 44,664,382 outstanding shares, which the fund disclosed in a Form N-CSR reporting totals as of June 30, 2025. Dividing Bank of America’s 1,944,492 shares by that total produces the reported percentage.

What voting and dispositive powers over BGB shares does Bank of America have?

Bank of America reports no sole voting or dispositive power. It has shared voting power over 12,997 shares and shared dispositive power over 1,944,492 shares, reflecting that decisions are shared, likely through subsidiaries or clients.

Does Bank of America aim to influence control of Blackstone Strategic Credit 2027 Term Fund?

The filing states the BGB securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of the fund, consistent with a passive investment intent certification.

Which Bank of America entities are associated with the reported BGB holdings?

The statement is filed by Bank of America Corporation on behalf of itself and wholly owned subsidiaries BofA Securities, Inc. and Merrill Lynch Pierce Fenner & Smith, Inc., each described as broker-dealers registered under section 15 of the Securities Exchange Act.

Why does the Schedule 13G/A for BGB note ownership of 5 percent or less of the class?

Item 5 indicates ownership of 5 percent or less of BGB’s common stock class. With 4.4% beneficial ownership, Bank of America is below the 5% threshold, which is important for distinguishing larger control-type stakes from smaller passive holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Blackstone Strategic Credit 2027 Term Fund

(Name of Issuer)

Common Stock

(Title of Class of Securities)

09257R101

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 09257R101

1

Names of Reporting Persons

BANK OF AMERICA CORP /DE/

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,997.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,944,492.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,944,492.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.4 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: The beneficial ownership calculation relies on the 44,664,382 outstanding shares disclosed in the Form N-CSR by the issuer on September 4, 2025, which reports share totals as of June 30, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Blackstone Strategic Credit 2027 Term Fund
(b)	Address of issuer's principal executive offices: 345 PARK AVENUE, NEW YORK, NEW YORK, 10154.
Item 2.
(a)	Name of person filing: BANK OF AMERICA CORP /DE/
(b)	Address or principal business office or, if none, residence: 100 N TRYON ST CHARLOTTE, NC 28255
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 09257R101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,944,492.00
(b)	Percent of class: 4.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 12,997.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 1,944,492.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. This statement on Schedule 13G is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiaries BofA Securities, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); and Merrill Lynch Pierce Fenner & Smith, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o).
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF AMERICA CORP /DE/

Signature:	/s/ Andres Ortiz
Name/Title:	Authorized Signatory
Date:	02/11/2026