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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Friday, June 12th. Stockholders of record on Friday, July 24th will be given a dividend of 0.076 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Friday, July 24th.

Blackstone Strategic Credit 2027 Term Fund Price Performance

NYSE:BGB opened at $11.34 on Wednesday. The firm has a 50 day simple moving average of $11.32 and a 200-day simple moving average of $11.42. Blackstone Strategic Credit 2027 Term Fund has a 1-year low of $10.85 and a 1-year high of $12.65.

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.