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

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

Blackstone Senior Floating Rate 2027 Term Fund Stock Up 0.4%

NYSE BSL opened at $13.10 on Wednesday. The stock’s 50-day moving average price is $13.02 and its 200-day moving average price is $13.10. Blackstone Senior Floating Rate 2027 Term Fund has a 52 week low of $12.45 and a 52 week high of $14.35.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSL. Steward Partners Investment Advisory LLC grew its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 1.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 73,355 shares of the company’s stock worth $990,000 after purchasing an additional 792 shares in the last quarter. UBS Group AG lifted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 0.6% in the 4th quarter. UBS Group AG now owns 165,007 shares of the company’s stock worth $2,228,000 after purchasing an additional 959 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 520.3% in the 4th quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock worth $25,000 after purchasing an additional 1,561 shares in the last quarter. TrueMark Investments LLC boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 2.5% in the 4th quarter. TrueMark Investments LLC now owns 73,949 shares of the company’s stock worth $998,000 after purchasing an additional 1,815 shares during the period. Finally, Hilltop Holdings Inc. boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 5.0% in the 3rd quarter. Hilltop Holdings Inc. now owns 42,360 shares of the company’s stock worth $596,000 after purchasing an additional 2,000 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.