Blackstone Strategic Credit 2027 Term Fund (BGB) to Distribute Monthly Dividend of $0.08 on August 31st

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) announced a monthly dividend on Friday, June 12th. Investors of record on Monday, August 24th will be paid a dividend of 0.076 per share on Monday, August 31st. This represents a c) annualized dividend 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

NYSE BGB opened at $11.27 on Friday. The company’s fifty day simple moving average is $11.28 and its 200-day simple moving average is $11.32. Blackstone Strategic Credit 2027 Term Fund has a 52 week low of $10.85 and a 52 week high of $12.60.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in Blackstone Strategic Credit 2027 Term Fund by 23.7% in the 1st quarter. Royal Bank of Canada now owns 282,388 shares of the company’s stock valued at $3,411,000 after buying an additional 54,059 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Blackstone Strategic Credit 2027 Term Fund by 12.5% during the first quarter. NewEdge Advisors LLC now owns 63,189 shares of the company’s stock worth $763,000 after acquiring an additional 7,005 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 6.7% in the second quarter. Cetera Investment Advisers now owns 28,626 shares of the company’s stock worth $347,000 after acquiring an additional 1,791 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 9.4% in the second quarter. Invesco Ltd. now owns 360,715 shares of the company’s stock worth $4,372,000 after acquiring an additional 31,042 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 3.9% in the second quarter. First Trust Advisors LP now owns 106,926 shares of the company’s stock worth $1,296,000 after acquiring an additional 3,971 shares in the last quarter.

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.