Filed pursuant to Rule 424(b)(3)

Registration No. 333-256702

BLACKSTONE LONG-SHORT CREDIT INCOME FUND

Supplement No. 1, dated November 24, 2021, to the

Prospectus (the “Prospectus”) and the Statement of Additional Information (the “SAI”), dated July 30, 2021,

for Common Shares of Beneficial Interest

Appointment of New Trustee

At a meeting of the Board of Trustees (the “Board”) held on November 18, 2021, the Board appointed Jane Siebels as a new Trustee to the Board, effective on that date.

The following information is added to the table under “Board of Trustees” on page 20 of the SAI:

 

Name and
Year of Birth

  

Position(s)
Held With
Registrant

  

Term of Office
and Length of
Time Served

  

Principal
Occupation(s)
During Past Five
Years

  

Number of
Portfolios
in Fund
Complex(1)
Overseen
by the
Trustee

  

Other
Directorships
Held by the
Trustee
During
Past Five
Years

Jane Siebels
Birth Year: 1960 		   Trustee   

Since November 2021

Class II

   Ms. Siebels is a Consultant at Per4M and advises a small global equity hedge fund. Prior to 2019, she was CEO and CIO of Amber Asset Management, f/k/a Green Cay Asset Management.    4   

Scotia Bank (Bahamas); Scotia Trust (Bahamas); First Trust Bank (Bahamas); Global Innovation Fund; JackPotJoy (Bahamas); Amber Asset Management (until 2019); Green Cay Asset Management (until 2017)

The following sentence is added after the description of Mr. Schpero’s experience in the third sentence under “Experience of Trustees” on page 20 of the SAI:

Ms. Siebels, experience as an investment professional and service as a board member.

The following information is added to the table under “Share Ownership” on page 21 of the SAI:

 

Name of Trustee

   Dollar Range(1) of
Equity Securities in
the Fund 		   Aggregate Dollar
Range of Equity
Securities Overseen
by Trustee in the
Family of
Investment
Companies(2)
Jane Siebels    None    None

The following information is added to the table under “Compensation of Trustees” on page 22 of the SAI:

 

Name of Trustee

   Aggregate
Compensation from
the Fund 		     Total Compensation
from the Fund and
Fund Complex Paid
to Trustees(1) 		 

Jane Siebels(2)

   $ 0      $ 0  

 

(2) 

Ms. Siebels became a Trustee of the Fund on November 18, 2021 and therefore was not compensated by the Fund during the year ended December 31, 2020.

Under “Board Committees” on page 22 of the SAI, Ms. Siebels is added as a member of the Audit Committee and Nominating and Governance Committee.

Capitalized terms not defined herein have the meanings assigned to them in the Prospectus.

Please retain this supplement for future reference.

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