Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Plans $0.08 Monthly Dividend

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Friday, December 12th. Investors of record on Tuesday, December 23rd will be paid a dividend of 0.077 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, December 23rd.

Blackstone Strategic Credit 2027 Term Fund Stock Up 0.3%

Shares of BGB opened at $11.82 on Friday. Blackstone Strategic Credit 2027 Term Fund has a 1 year low of $10.47 and a 1 year high of $12.65. The stock has a 50 day simple moving average of $11.82 and a two-hundred day simple moving average of $12.11.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

A number of hedge funds and other institutional investors have recently modified their holdings of BGB. Ameritas Advisory Services LLC bought a new position in Blackstone Strategic Credit 2027 Term Fund during the 2nd quarter worth approximately $53,000. Wolverine Asset Management LLC bought a new position in shares of Blackstone Strategic Credit 2027 Term Fund in the second quarter worth approximately $77,000. Cary Street Partners Investment Advisory LLC increased its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 15.6% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 7,400 shares of the company’s stock worth $90,000 after buying an additional 1,000 shares during the period. JT Stratford LLC bought a new stake in Blackstone Strategic Credit 2027 Term Fund during the 2nd quarter valued at $124,000. Finally, Ethos Financial Group LLC purchased a new stake in Blackstone Strategic Credit 2027 Term Fund during the 3rd quarter valued at $188,000.

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.