Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB – Get Free Report) declared a monthly dividend on Friday, June 12th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.076 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Monday, August 24th.
Blackstone Strategic Credit 2027 Term Fund Stock Performance
Shares of Blackstone Strategic Credit 2027 Term Fund stock opened at $11.27 on Friday. The firm’s 50 day simple moving average is $11.28 and its two-hundred day simple moving average is $11.32. Blackstone Strategic Credit 2027 Term Fund has a 12-month low of $10.85 and a 12-month high of $12.60.
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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