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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) announced a monthly dividend on Friday, June 12th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.076 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Monday, August 24th.

Blackstone Strategic Credit 2027 Term Fund Price Performance

BGB stock opened at $11.27 on Friday. Blackstone Strategic Credit 2027 Term Fund has a 1 year low of $10.85 and a 1 year high of $12.60. The firm has a 50-day moving average of $11.28 and a 200 day moving average of $11.32.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

A number of hedge funds have recently added to or reduced their stakes in BGB. Kestra Advisory Services LLC bought a new position in shares of Blackstone Strategic Credit 2027 Term Fund in the fourth quarter worth approximately $35,000. Fifth Third Bancorp purchased a new stake in Blackstone Strategic Credit 2027 Term Fund in the 1st quarter worth $118,000. Adalta Capital Management LLC bought a new position in shares of Blackstone Strategic Credit 2027 Term Fund during the 4th quarter valued at about $119,000. Comerica Bank grew its position in shares of Blackstone Strategic Credit 2027 Term Fund by 32.9% during the fourth quarter. Comerica Bank now owns 10,478 shares of the company’s stock valued at $123,000 after purchasing an additional 2,595 shares in the last quarter. Finally, 1776 Wealth LLC purchased a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the fourth quarter worth about $129,000.

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.