Strategic Credit Fund Announces Declaration of Monthly Distributions, Payable on June 29, 2018, July 31, 2018, August 31, 2018 and September 28, 2018, Respectively
May 08, 2018 at 09:47 pm
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GSO/Blackstone Debt Funds Management LLC announced the declaration of monthly distributions for Strategic Credit Fund of $0.105 per share, payable on June 29, 2018, July 31, 2018, August 31, 2018 and September 28, 2018, respectively with a record dates of June 22, 2018, July 24, 2018, August 24, 2018 and September 21, 2018, respectively and ex-dates of June 21, 2018, July 23, 2018, August 23, 2018 and September 20, 2018, respectively.
Blackstone Strategic Credit 2027 Term Fund (the Fund) is a diversified, closed-end management investment company. The Fundâs primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. The Fund will seek to achieve its investment objectives by investing primarily in a diversified portfolio of loans and other fixed income instruments of predominantly United States corporate issuers, including first- and second lien secured loans (Senior Secured Loans) and high yield corporate bonds of varying maturities. Under normal market conditions, at least 80% of its Managed Assets will be invested in credit investments comprised of corporate fixed income instruments and other investments (including derivatives) with similar economic characteristics. The Fund's adviser is Blackstone Liquid Credit Strategies LLC.
Strategic Credit Fund Announces Declaration of Monthly Distributions, Payable on June 29, 2018, July 31, 2018, August 31, 2018 and September 28, 2018, Respectively