Blackstone Senior Floating Rate 2027 Term Fund Declares Monthly Dividend of $0.09 (NYSE:BSL)

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Friday, June 12th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.088 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Monday, August 24th.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

BSL opened at $13.00 on Friday. The company’s 50 day moving average is $13.02 and its 200 day moving average is $13.01. Blackstone Senior Floating Rate 2027 Term Fund has a 12-month low of $12.45 and a 12-month high of $14.32.

Institutional Investors Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Several hedge funds and other institutional investors have recently modified their holdings of BSL. Bank of America Corp DE raised its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 9.4% in the 3rd quarter. Bank of America Corp DE now owns 887,589 shares of the company’s stock worth $12,480,000 after purchasing an additional 76,035 shares during the period. Sit Investment Associates Inc. bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter valued at about $2,887,000. UBS Group AG increased its position in Blackstone Senior Floating Rate 2027 Term Fund by 0.6% in the fourth quarter. UBS Group AG now owns 165,007 shares of the company’s stock worth $2,228,000 after buying an additional 959 shares in the last quarter. Rivernorth Capital Management LLC raised its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 3.4% in the second quarter. Rivernorth Capital Management LLC now owns 80,558 shares of the company’s stock worth $1,043,000 after buying an additional 2,649 shares during the period. Finally, TrueMark Investments LLC raised its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.4% in the first quarter. TrueMark Investments LLC now owns 77,909 shares of the company’s stock worth $1,009,000 after buying an additional 3,960 shares during the period.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end management investment company that seeks to provide investors with current income by primarily investing in senior floating-rate loans. Managed by Blackstone Credit, the fund focuses on lending solutions to corporate borrowers, offering exposure to debt instruments designed to adjust with prevailing interest rates. BSL’s structure is designed to mature in 2027, at which point the fund will seek to liquidate its portfolio and distribute proceeds to shareholders.

The fund’s investment strategy centers on senior secured loans and other floating-rate debt issued by U.S.