Blackstone / GSO Long-Short Credit Income Fund (BGX)

This report screens ~400 closed-end funds (CEFs) for those with 100%+ net investment income coverage, highlighting lower risk of distribution cuts. Top lists identify CEFs with the widest discounts, most attractive z-scores, highest covered yields, and best combinations of value and income. Investors are encouraged to use these rankings as a starting point for due diligence, not as final buy or sell recommendations.

NEW YORK--(BUSINESS WIRE)--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.

Blackstone Long-Short Credit Income's long-short strategy holds less conviction than one might think. Credit spread neutrality and relative value positioning would likely bode well in today's market environment. However, BGX is somewhat restricted by its mandate. Funding rates have impacted its total expense ratio. The OIS curve suggests tapering. However, BGX's asset-level returns may see compression in tandem.

VANCOUVER, B.C., June 26, 2025 (GLOBE NEWSWIRE) -- BGX - Black Gold Exploration Corp. (the “Company” or “BGX”) (CSE: BGX) (OTCQB: BGXCF) (FRA: BLGX) is pleased to announce another significant development in its strategic partnership (the “JV”) with LGX Energy Corp. (“LGX”).

NEW YORK--(BUSINESS WIRE)--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.

BGX Unlocks Global Exposure with Listings on CSE, OTCQB, and Frankfurt BGX Unlocks Global Exposure with Listings on CSE, OTCQB, and Frankfurt

VANCOUVER, B.C., June 05, 2025 (GLOBE NEWSWIRE) -- BGX - Black Gold Exploration Corp. (the “Company” or “BGX”) (CSE: BGX) (OTCQB: BGXCF) (FRA: BLGX) announces an update to disclosure.

BGX offers high income via floating-rate loans and bonds, but its yield lags peers and recent distribution cuts reflect Fed rate policy impacts. Despite its 'long-short' branding, BGX rarely uses short positions, missing opportunities to hedge or profit during bond market declines. The fund's heavy exposure to floating-rate assets makes it vulnerable to further Fed rate cuts, likely pressuring future distributions and share price.

We review the CEF market valuation and performance through the third week of March and highlight recent market action. Nearly all CEF sectors were up, with MLPs rebounding and loan funds lagging; month-to-date, most sectors remain down due to lower equity prices and wider credit spreads. Invesco credit CEFs VLT and VVR cancelled their fixed managed distribution policies with VVR price falling hard on the news.

BGX's dual long-short strategy and diversified portfolio make it a reliable income source, despite its slightly lower yield compared to peers. Rate cuts will impact BGX's profitability, but its leverage and spread on loans should mitigate the effects, maintaining stable distributions. Selling BGX shares now is premature; waiting until later in the year when the stock value increases is advisable.

The Blackstone Long-Short Credit Income Fund offers a 9.57% yield, but this is lower than its peers due to recent distribution cuts. BGX's focus on floating-rate senior loans means it won't benefit from interest rate cuts but will suffer a declining income going forward. The market expects 6 25-basis points of cuts before the end of next year, so we can expect several distribution cuts.

Blackstone Long-Short Credit Income offers income-focused investors the ability to boost returns by shorting assets, unique among closed-end funds. The current yield of 10.03% may not be as attractive as other similar funds with higher yields, but it is still better than many other options. The BGX closed-end fund's leverage ratio of 31.83% is reasonable compared to peers, although it is very slightly higher than the last time that we discussed it.

NEW YORK , June 12, 2024 /PRNewswire/ -- 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"), recently 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 ex-dividend dates in the prior press release announcing these distributions were incorrect and have been corrected below, with each ex-dividend date being adjusted to one day later than what was previously announced.

NEW YORK , June 11, 2024 /PRNewswire/ -- 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.

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Free Report) declared a monthly dividend on Monday, March 11th, Wall Street Journal reports. Investors of record on Thursday, May 23rd will be given a dividend of 0.105 per share on Friday, May 31st. This represents a $1.26 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date is Wednesday, May 22nd. Blackstone / GSO Long-Short Credit Income Fund has raised its dividend payment by an average of 4.5% annually over the last three years and has raised its dividend every year for the last 1 years. Blackstone / GSO Long-Short Credit Income Fund Stock Performance Shares of NYSE:BGX opened at $12.73 on Monday. The business has a 50 day simple moving average of $12.33 and a two-hundred day simple moving average of $11.92. Blackstone / GSO Long-Short Credit Income Fund has a 1 year low of $10.69 and a 1 year high of $12.81. Blackstone / GSO Long-Short Credit Income Fund Company Profile (Get Free Report) Blackstone / GSO Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. Read More Five stocks we like better than Blackstone / GSO Long-Short Credit Income Fund EV Stocks and How to Profit from Them JD’s Earnings Could Mean Chinese Stocks Making a Comeback How Investors Can Find the Best Cheap Dividend Stocks Canada Goose Flies Higher Driven By DTC Growth Investing in Construction Stocks CVS Health Stock Has a Silver Lining Called Value

The Blackstone Long-Short Credit Income Fund offers a high level of income with a 10.26% yield, comparable to other alternative credit funds. The fund has performed well, with a 6.97% appreciation in shares since the previous article was published. The fund's leverage is reasonable at 31.23% of its overall portfolio, and its distribution varies but is generally attractive.