Blackstone Strategic Credit 2027 Term Fund (BGB) to Issue Monthly Dividend of $0.07 on September 30th

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Friday, September 11th. Shareholders of record on Wednesday, September 23rd will be given a dividend of 0.074 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Blackstone Strategic Credit 2027 Term Fund Price Performance

NYSE BGB traded down $0.01 during trading on Monday, hitting $11.24. The company’s stock had a trading volume of 4,670 shares, compared to its average volume of 141,369. Blackstone Strategic Credit 2027 Term Fund has a fifty-two week low of $10.85 and a fifty-two week high of $12.32. The business’s 50 day simple moving average is $11.24 and its 200-day simple moving average is $11.27.

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.