Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB – Get Free Report) announced a monthly dividend on Friday, March 13th. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.079 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date is Thursday, May 21st.
Blackstone Strategic Credit 2027 Term Fund Stock Performance
NYSE BGB opened at $11.39 on Tuesday. Blackstone Strategic Credit 2027 Term Fund has a 12 month low of $10.85 and a 12 month high of $12.65. The stock has a 50-day simple moving average of $11.26 and a 200 day simple moving average of $11.58.
Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund
Several institutional investors have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC bought a new stake in Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at approximately $33,000. Kestra Advisory Services LLC bought a new position in shares of Blackstone Strategic Credit 2027 Term Fund during the 4th quarter worth approximately $35,000. Noble Wealth Management PBC grew its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 213.8% during the 4th quarter. Noble Wealth Management PBC now owns 6,275 shares of the company’s stock worth $74,000 after acquiring an additional 4,275 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the first quarter valued at approximately $118,000. Finally, Adalta Capital Management LLC bought a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the fourth quarter worth $119,000.
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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