Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB – Get Free Report) traded down 0.1% during mid-day trading on Monday . The company traded as low as $11.26 and last traded at $11.28. 89,966 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 138,039 shares. The stock had previously closed at $11.29.
Blackstone Strategic Credit 2027 Term Fund Stock Down 0.1%
The firm has a 50 day moving average of $11.28 and a 200-day moving average of $11.33.
Blackstone Strategic Credit 2027 Term Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.076 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Monday, August 24th.
Institutional Trading of Blackstone Strategic Credit 2027 Term Fund
Blackstone Strategic Credit 2027 Term Fund Company Profile
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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