Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB – Get Free Report) announced a monthly dividend on Friday, March 13th. Investors of record on Thursday, April 23rd will be given a dividend of 0.079 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Thursday, April 23rd.
Blackstone Strategic Credit 2027 Term Fund Price Performance
Shares of Blackstone Strategic Credit 2027 Term Fund stock opened at $11.39 on Tuesday. The business has a fifty day simple moving average of $11.30 and a two-hundred day simple moving average of $11.64. Blackstone Strategic Credit 2027 Term Fund has a 12 month low of $10.85 and a 12 month high of $12.65.
About Blackstone Strategic Credit 2027 Term Fund
Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) is a closed-end management investment company organized as an interval fund, designed to provide investors with exposure to a diversified portfolio of credit instruments. The fund commenced operations in late 2020 and is structured with a defined term ending in 2027, at which point it intends to liquidate its assets and distribute proceeds to shareholders. As an interval fund, BGB offers limited redemption opportunities on a quarterly basis, allowing for greater investment flexibility while maintaining portfolio stability.
The fund’s primary business activity involves investing across the credit spectrum, including senior secured loans, high-yield and investment-grade corporate bonds, structured credit, and direct lending opportunities.
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