Blackstone Strategic Credit 2027 Term Fund (BGB) To Go Ex-Dividend on August 24th

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) announced a monthly dividend on Friday, June 12th. Shareholders 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 yield of 8.1%. The ex-dividend date of this dividend is Monday, August 24th.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

Shares of Blackstone Strategic Credit 2027 Term Fund stock opened at $11.27 on Friday. The business’s 50-day moving average price is $11.28 and its 200-day moving average price is $11.32. Blackstone Strategic Credit 2027 Term Fund has a 12 month low of $10.85 and a 12 month high of $12.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of 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 worth $3,411,000 after acquiring an additional 54,059 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 12.5% during the 1st quarter. NewEdge Advisors LLC now owns 63,189 shares of the company’s stock valued at $763,000 after purchasing an additional 7,005 shares during the last quarter. Cetera Investment Advisers raised its position in Blackstone Strategic Credit 2027 Term Fund by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 28,626 shares of the company’s stock worth $347,000 after purchasing an additional 1,791 shares during the period. Invesco Ltd. raised its position in Blackstone Strategic Credit 2027 Term Fund by 9.4% in the 2nd quarter. Invesco Ltd. now owns 360,715 shares of the company’s stock worth $4,372,000 after purchasing an additional 31,042 shares during the period. Finally, First Trust Advisors LP raised its position in Blackstone Strategic Credit 2027 Term Fund by 3.9% in the 2nd quarter. First Trust Advisors LP now owns 106,926 shares of the company’s stock worth $1,296,000 after purchasing an additional 3,971 shares during the period.

Blackstone Strategic Credit 2027 Term Fund Company Profile

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.