Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) to Issue Monthly Dividend of $0.08

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Friday, December 12th. Shareholders of record on Tuesday, December 23rd will be given a dividend of 0.077 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, December 23rd.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

NYSE:BGB opened at $11.82 on Friday. Blackstone Strategic Credit 2027 Term Fund has a 12 month low of $10.47 and a 12 month high of $12.65. The firm has a fifty day simple moving average of $11.82 and a two-hundred day simple moving average of $12.11.

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.