NEW YORK, Dec. 9, 2020 /PRNewswire/ -- GSO / Blackstone
Debt Funds Management LLC, an affiliate of GSO Capital Partners LP
(collectively, and together with their affiliates in the
credit-focused business of The Blackstone Group, Inc.,
"Blackstone Credit"), announced
monthly distributions for the three listed closed-end funds it
advises, Blackstone / GSO Senior Floating Rate Term Fund (NYSE:
BSL), Blackstone / GSO Long-Short Credit Income Fund (NYSE: BGX),
and Blackstone / GSO Strategic Credit 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:
Ticker
|
Fund
|
Monthly
Distribution Per Share
|
BSL
|
Senior Floating Rate
Term Fund
|
$0.074
|
BGX
|
Long-Short Credit
Income Fund
|
$0.082
|
BGB
|
Strategic Credit
Fund
|
$0.073
|
Ex-Date:
|
December 22,
2020
|
December 30,
2020
|
February 18,
2021
|
Record
Date:
|
December 23,
2020
|
December 31,
2020
|
February 19,
2021
|
Payable
Date:
|
December 31,
2020
|
January 29,
2021
|
February 26,
2021
|
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 GSO 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.
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 asset management
businesses, with $584 billion in
assets under management, include investment vehicles focused on
private equity, real estate, public debt and equity, growth equity,
opportunistic, 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.
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SOURCE Blackstone / GSO Capital Partners