Blackstone Strategic Credit 2027 Term Fund (BGB) To Go Ex-Dividend on April 23rd

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) announced a monthly dividend on Friday, March 13th. Shareholders of record on Thursday, April 23rd will be paid a dividend of 0.079 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date is Thursday, April 23rd.

Blackstone Strategic Credit 2027 Term Fund Price Performance

NYSE BGB traded up $0.03 on Tuesday, hitting $11.42. The stock had a trading volume of 5,278 shares, compared to its average volume of 154,369. The business’s fifty day moving average price is $11.30 and its 200 day moving average price is $11.64. Blackstone Strategic Credit 2027 Term Fund has a 52-week low of $10.85 and a 52-week high of $12.65.

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.