Blackstone Senior Floating Rate 2027 Term Fund (BSL) To Go Ex-Dividend on October 23rd

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) announced a monthly dividend on Friday, September 11th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.0840 per share on Friday, October 30th. This represents a $1.01 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, October 23rd.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

Shares of NYSE BSL traded up $0.00 on Wednesday, hitting $12.88. The company had a trading volume of 9,802 shares, compared to its average volume of 45,362. Blackstone Senior Floating Rate 2027 Term Fund has a 12-month low of $12.45 and a 12-month high of $13.99. The business has a 50 day moving average of $12.98 and a two-hundred day moving average of $13.01.

Hedge Funds Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC raised its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 3.4% during the second quarter. Rivernorth Capital Management LLC now owns 80,558 shares of the company’s stock valued at $1,043,000 after purchasing an additional 2,649 shares during the period. Beacon Pointe Advisors LLC purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the second quarter valued at $424,000. Comprehensive Money Management Services LLC purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the second quarter valued at $431,000. Almitas Capital LLC purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the second quarter valued at $576,000. Finally, Bank of America Corp DE purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the second quarter valued at $7,246,000.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end investment company designed to provide investors with current income while preserving capital. The fund primarily invests in senior secured, floating-rate loans and other debt investments issued by companies across a range of industries.

The fund generally focuses on below-investment-grade corporate loans, which typically pay interest at rates that adjust periodically based on a reference interest rate. This structure may help reduce the impact of rising interest rates compared with investments in fixed-rate debt, although the fund remains subject to credit, liquidity and other investment risks.

BSL was formerly known as Blackstone/GSO Senior Floating Rate Term Fund and is advised by an affiliate of Blackstone, a global alternative asset management firm.