Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB – Get Free Report) declared a monthly dividend on Friday, June 12th. Shareholders of record on Tuesday, June 23rd will be given a dividend of 0.076 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Tuesday, June 23rd.
Blackstone Strategic Credit 2027 Term Fund Stock Performance
BGB opened at $11.30 on Friday. Blackstone Strategic Credit 2027 Term Fund has a fifty-two week low of $10.85 and a fifty-two week high of $12.65. The company’s 50-day moving average is $11.32 and its 200 day moving average is $11.50.
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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