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Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions
Blackstone Credit & Insurance Closed-End Funds Declare Monthly
About this update from Blackstone Inc.
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 & Insurance”), announced monthly distributions for the three listed closed-end funds it advises, 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 a “Fund” and together the “Funds”). The Funds’ monthly distributions are set forth below. The following dates apply to the distribution declarations for the Funds: Ticker Fund Monthly Distribution Per Share BSL Senior Floating Rate 2027 Term Fund $ 0.088 BGX Long-Short Credit Income Fund $ 0.082 BGB Strategic Credit 2027 Term Fund $ 0.076 Ex-Date: June 23, 2026 July 24, 2026 August 24, 2026 Record Date: June 23, 2026 July 24, 2026 August 24, 2026 Payable Date: June 30, 2026 July 31, 2026 August 31, 2026 The Funds declare a set of monthly distributions each quarter in amounts closely tied to the respective Fund’s recent average monthly net income. As a result, the monthly distribution amounts for the Funds typically vary quarter-to-quarter, and shareholders of any Fund should not expect that Fund to continue to pay distributions in the same amounts shown above. The dynamic distribution strategy provides Blackstone Credit & Insurance with greater flexibility to maintain portfolio credit quality in varying market conditions. In addition, the dynamic distribution strategy reduces the need to retain reserves from net investment income to support the stability of future distributions. 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. Blackstone and Blackstone Credit & Insurance Blackstone Blackstone is the world’s largest alternative asset manager. Blackstone seek...