Blackstone / GSO Senior Floating Rate Term Fund (BSL)

The Blackstone Senior Floating Rate 2027 Term Fund's trailing yield is about 300 - 350 basis points higher than the U.S. 10-year. BSL CEF is approaching its maturity date, providing hold-to-maturity participants an opportunity to capture yields and avoid probabilistic default risks. The Phillips Curve suggests Fed targets will likely remain steady for the time being. However, the market rates environment could price lower against the backdrop of a weak demand-side.

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.

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.

The Blackstone Senior Floating Rate 2027 Term Fund provides a compelling investment opportunity to those who think a higher-for-longer interest rate environment will emerge. The fund is set to dissolve in May 2027, which we deem a prudent exit date. Its low duration equates to low price volatility, under normal market conditions.

BSL is a closed-end fund that yields 9.6%. It has delivered a 32% total return, including distributions, over the past ~22 months. BSL's holdings, dividend coverage, performance, and valuations are covered in this article.

With rates higher for longer, income vehicles that benefit from higher interest rates are still attractive. Blackstone Senior Floating Rate 2027 Term Fund offers a 9.76% yield with monthly distributions. The BSL closed-end fund focuses on high current income and capital preservation, with diversified holdings and outperformance in certain years.

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 Senior Floating Rate 2027 Term Fund (NYSE:BSL – Get Free Report) announced a monthly dividend on Monday, March 11th, Wall Street Journal reports. Stockholders of record on Thursday, May 23rd will be given a dividend of 0.114 per share on Friday, May 31st. This represents a $1.37 dividend on an annualized basis and a dividend yield of 9.51%. The ex-dividend date is Wednesday, May 22nd. Blackstone Senior Floating Rate 2027 Term Fund has increased its dividend payment by an average of 10.7% annually over the last three years. Blackstone Senior Floating Rate 2027 Term Fund Stock Up 0.1 % NYSE BSL opened at $14.39 on Monday. The business has a 50 day moving average price of $14.26 and a 200 day moving average price of $13.71. Blackstone Senior Floating Rate 2027 Term Fund has a 1-year low of $12.19 and a 1-year high of $14.56. Blackstone Senior Floating Rate 2027 Term Fund Company Profile (Get Free Report) Blackstone Senior Floating Rate 2027 Term Fund is a closed-ended fixed income mutual fund launched by The Blackstone Group L.P. It is managed by GSO / Blackstone Debt Funds Management LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. Read More Five stocks we like better than Blackstone Senior Floating Rate 2027 Term Fund Technology Stocks Explained: Here’s What to Know About Tech JD’s Earnings Could Mean Chinese Stocks Making a Comeback There Are Different Types of Stock To Invest In Canada Goose Flies Higher Driven By DTC Growth 5 discounted opportunities for dividend growth investors CVS Health Stock Has a Silver Lining Called Value

NEW YORK , March 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 Senior Floating Rate 2027 Term Fund is a leveraged loan CEF. BSL has a wide discount to net asset value but a stable NAV performance that compares favorably with 'golden standards' in the leveraged loan space which trade flat to NAV. The fund's dividend yield is fully covered, and the collateral pool is well-diversified.

NEW YORK , Dec. 11, 2023 /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"), 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.

We review CEF market valuation and performance through the third week of September and highlight recent market action. Most sectors saw NAV gains, but discounts widened, particularly in the Covered Call and Equity sectors. Invesco trimmed distributions on many CEFs including IHIT, potentially indicating a termination of this CMBS 2023 term fund.

NEW YORK , Sept. 12, 2023 /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"), 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").

We review CEF market valuation and performance through the third week of May and highlight recent market action. CEFs were mostly down on the week as rising Treasury yields were the key headwind.

Blackstone Senior Floating Rate Term Fund is a fixed income CEF. The vehicle focuses on floating rate loans.