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Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions

1. BGX is one of Blackstone's closed-end funds declaring monthly distributions. 2. Distributions are based on average monthly net income and vary quarterly. 3. Blackstone implements a dynamic distribution strategy for credit quality flexibility. 4. Distributions may include short-term or long-term capital gains. 5. Blackstone manages over $1.1 trillion in diverse global investments.

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Why Bullish?

The announcement of monthly distributions typically signals ongoing financial health, enhancing investor confidence. Historical occurrences show funds announcing distributions tend to see increases in stock prices due to perceived stability.

How important is it?

The article discusses Blackstone, which has substantial influence on BGX's operations, affecting its price through investor sentiment. The insight into monthly distributions connects directly to BGX's financial performance.

Why Short Term?

The immediate impact is felt as investors respond to the distribution news, but the effects may fluctuate in the longer term based on earnings performance. Past distribution announcements lead to spikes in interest and buying activity.

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BSLBGB
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 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: 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 is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s more than $1.1 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit. Investors wishing to buy or sell shares need to place orders through an intermediary or broker.

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