NEW YORK, Dec. 18, 2020 /PRNewswire/ -- Blackstone
Liquid Credit Strategies LLC, formerly known as "GSO / Blackstone
Debt Funds Management LLC" and an affiliate of Blackstone
Alternative Credit Advisors LP, formerly known as "GSO Capital
Partners LP" (collectively, and together with their affiliates in
the credit-focused business of The Blackstone Group, Inc.,
"Blackstone Credit"), announced
today a special distribution for each of the three listed
closed-end funds it advises, Blackstone Senior Floating Rate Term
Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE:
BGX), and Blackstone Strategic Credit Fund (NYSE: BGB) (each a
"Fund" and together the "Funds"). These special distributions are
in addition to each Fund's regular monthly distributions. The
special distribution for each Fund is set forth below, and the
following dates apply to the special distributions declared
today:
Ticker
|
Fund
|
Special
Distribution Per Share
|
BSL
|
Senior Floating Rate
Term Fund
|
$0.029
|
BGX
|
Long-Short Credit
Income Fund
|
$0.017
|
BGB
|
Strategic Credit
Fund
|
$0.016
|
|
|
Ex-Date:
|
December 30,
2020
|
Record
Date:
|
December 31,
2020
|
Payable
Date:
|
January 29,
2021
|
These special distributions are payable in 2021 but will be
treated as having been paid by the Funds and received by
shareholders as of December 31,
2020.
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. The Funds anticipate
these special distributions will be paid from ordinary
income.
About Blackstone and Blackstone
Credit
Blackstone is one of the world's leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our businesses, with
$584 billion in assets under
management, include investment vehicles focused on private equity,
real estate, public debt and equity, non-investment grade credit,
real assets and secondary funds, all on a global basis.
Blackstone Credit is one of the
world's largest credit-focused asset managers, with $135 billion in AUM. We seek to generate
attractive risk-adjusted returns for our clients by investing
across the entire corporate credit market, from public debt to
private loans. Our capital supports a wide range of companies
across sectors and geographies, enabling businesses to expand,
invest, and navigate changing market environments.
Investors wishing to buy or sell shares need to place orders
through an intermediary or broker.
Contact the Funds at 1-877-299-1588 or visit the Funds'
website at www.blackstone-credit.com for additional
information.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/blackstone-closed-end-funds-declare-special-distributions-301195849.html
SOURCE Blackstone Liquid Credit Strategies LLC