Blackstone Credit & Insurance Closed-End Funds Announce Monthly Distributions Via Investing.com

NEW YORK, September 13, 2024 /PRNewswire/ — Blackstone (NYSE: ) Liquid Credit Strategies LLCaffiliate company Blackstone Alternative Credit Advisors LP (collectively, and the credit-oriented business associates of Blackstone, Inc., “Credit to Blackstone & Insurance”), announced the monthly distribution of three listed closed-end funds that it advises, Blackstone Senior Floating Rate 2027 Time Bag (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit 2027 Time Bag (NYSE: BGB) (each a “Fund” and collectively the “Funds”).

The monthly distribution of Funds is mentioned below. The following dates apply to announcements for distribution of Funds:

The Funds declare a set of monthly dividends each quarter at rates that are close to the Fund’s most recent average monthly return. As a result, the Funds’ monthly distribution rates generally vary from quarter to quarter, and shareholders of any Fund should not expect that Fund to continue to pay dividends at the same rates shown above. A dynamic distribution strategy provides Credit to Blackstone & Insurance with high flexibility to maintain the credit quality of the portfolio in different market conditions. In addition, a flexible distribution strategy reduces the need to maintain reserves from the surplus of invested capital to support the stability of future distributions.

A portion of each distribution may be deemed to have been paid from sources other than net investment income, including but not limited to short-term capital gains, long-term capital gains, or capital returns. The final determination of the source and tax aspects of these distributions will depend on each Fund’s investment experience during its fiscal year and will be made after the Fund’s year-end. Each bag will send investors a Form 1099-DIV for the calendar year that will explain how to report these distributions for federal income tax purposes.

Blackstone again Credit to Blackstone & Insurance

Blackstone is the world’s largest asset manager. We seek to deliver compelling returns to institutional and individual investors by strengthening the companies in which we invest. More than us $1 trillion assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, debt, real assets, sponsors and hedge funds.¯ More information is available at www.blackstone.com. Follow @blackstone on LinkedIn, ¯X (Twitter), and Instagram.

Credit to Blackstone & Insurance (“BXCI”) is one of the world’s leading 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 providing companies with the capital they need to strengthen and grow their businesses. BXCI is also a leading provider of investment management services to insurers, helping those companies better deliver policyholders our world-class capabilities in investment-grade private credit.

Investors who wish to buy or sell shares need to place orders through an intermediary or broker.

Contact Funds at 1 (877) 299-1588 or visit Funds’ website at www.blackstone-credit.com for more information.