Blackstone Credit Funds Reveal Monthly Distribution Updates
Blackstone Credit & Insurance Unveils Monthly Distribution Plans
Blackstone Liquid Credit Strategies LLC, part of the esteemed Blackstone Alternative Credit Advisors LP, has officially announced its monthly distributions for three significant closed-end funds. These funds include the Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), the Blackstone Long-Short Credit Income Fund (NYSE: BGX), and the Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB). Together, these funds play an integral role in Blackstone's credit-focused investment strategies.
Details of Monthly Distributions Declared
The Funds' declared monthly distributions highlight the commitment of Blackstone Credit & Insurance to deliver consistent returns to their investors. Below are the key details pertaining to the monthly distribution amounts:
Distribution Overview
The following figures showcase the monthly distribution per share for each fund:
- Ticker: BSL - Fund: Senior Floating Rate 2027 Term Fund - Monthly Distribution: $0.114
- Ticker: BGX - Fund: Long-Short Credit Income Fund - Monthly Distribution: $0.101
- Ticker: BGB - Fund: Strategic Credit 2027 Term Fund - Monthly Distribution: $0.093
Important Dates
Each of the Funds also includes set distribution calendars. Below are the essential dates related to the distributions:
- Ex-Date: The distributions will be effective on multiple noted dates ranging through late September to November.
- Record Date: Corresponds to the ex-dates to accommodate distribution allocations.
- Payable Date: Actual payment dates extend post-record dates, facilitating timely distributions.
Understanding Blackstone's Dynamic Distribution Strategy
The monthly distributions for these funds are closely connected to their recent average monthly net income. This connection allows for flexibility in maintaining the overall credit quality amid fluctuating market conditions. The dynamic distribution strategy of Blackstone Credit & Insurance ensures a responsive approach to various economic environments, significantly benefitting shareholders.
Tax Considerations for Distributions
It is crucial for shareholders to note that part of each monthly distribution may derive from sources beyond the standard net investment income. This indicates potential allocations such as short-term capital gains or return of capital. Blackstone strives to provide transparency concerning how investors should report these distributions, as every fund will issue a Form 1099-DIV annually to clarify tax implications related to the funds' performances.
About Blackstone and Its Credit Strategy
As a leading global alternative asset manager, Blackstone focuses on deploying over $1 trillion in managed assets through diversified financial strategies, including real estate, private equity, and credit investments. Notably, Blackstone Credit & Insurance (BXCI) stands out as a top credit investor, offering well-rounded investment management services and solutions tailored for insurance companies, enhancing their portfolio strategies.
BXCI has built an extensive range of investments across credit markets, including private and public investment grade securities, high yield notes, and direct lending opportunities. The objective is to provide institutional and individual investors with attractive risk-adjusted returns by supporting organizations with much-needed capital.
Contact Information
For further inquiries or additional information about the funds, interested investors can reach out directly via the Funds' contact number: 1 (877) 299-1588. Additionally, explore the wealth of details available on the Funds' dedicated website.
Frequently Asked Questions
What are the monthly distributions for each fund?
The funds declare monthly distributions with respective amounts of $0.114 for BSL, $0.101 for BGX, and $0.093 for BGB.
How are the distribution amounts determined?
Distribution amounts are based on each fund's recent average monthly net income and may vary quarterly based on performance.
When will the distributions be payable?
Payment dates for distributions will follow the record dates, which align with the ex-dates outlined in the announcements.
How can I report these distributions for tax purposes?
Investors will receive a Form 1099-DIV after the fiscal year to aid in declaring any distributions for federal income tax compliance.
What sets Blackstone Credit apart from other investment firms?
Blackstone Credit & Insurance is recognized for its robust approach to credit investing, enabling the firm to provide substantial investment management services aimed at insurers' needs.
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