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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Friday, March 13th. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.079 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Thursday, May 21st.

Blackstone Strategic Credit 2027 Term Fund Price Performance

Shares of NYSE BGB opened at $11.39 on Tuesday. The business has a fifty day moving average of $11.26 and a two-hundred day moving average of $11.58. Blackstone Strategic Credit 2027 Term Fund has a 52-week low of $10.85 and a 52-week high of $12.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eagle Bay Advisors LLC bought a new position in shares of Blackstone Strategic Credit 2027 Term Fund during the fourth quarter valued at $33,000. Kestra Advisory Services LLC bought a new position in shares of Blackstone Strategic Credit 2027 Term Fund during the fourth quarter valued at $35,000. Noble Wealth Management PBC lifted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 213.8% during the fourth quarter. Noble Wealth Management PBC now owns 6,275 shares of the company’s stock valued at $74,000 after acquiring an additional 4,275 shares during the period. Fifth Third Bancorp bought a new position in shares of Blackstone Strategic Credit 2027 Term Fund in the first quarter valued at about $118,000. Finally, Adalta Capital Management LLC bought a new position in shares of Blackstone Strategic Credit 2027 Term Fund in the fourth quarter valued at about $119,000.

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.