Blackstone/GSO Strategic Credit Fund Declares Monthly Distributions, Payable on June 28, 2019, July 31, 2019 and August 30, 2019 Respectively
June 11, 2019 at 06:45 am EDT
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Blackstone/GSO Strategic Credit Fund declared monthly distribution of $0.114 per share, payable on June 28, 2019, July 31, 2019 and August 30, 2019 respectively with record date as June 21, 2019, July 24, 2019 and August 23, 2019 respectively and ex-date as June 20, 2019, July 23, 2019 and August 22, 2019 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.