Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Plans $0.10 Monthly Dividend

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) announced a monthly dividend on Friday, December 12th. Shareholders of record on Friday, February 20th will be paid a dividend of 0.095 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date is Friday, February 20th.

Blackstone Senior Floating Rate 2027 Term Fund Stock Down 0.1%

Shares of BSL opened at $13.21 on Wednesday. Blackstone Senior Floating Rate 2027 Term Fund has a 12 month low of $13.17 and a 12 month high of $14.43. The firm’s 50 day moving average is $13.50 and its 200-day moving average is $13.81.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end management investment company that seeks to provide investors with current income by primarily investing in senior floating-rate loans. Managed by Blackstone Credit, the fund focuses on lending solutions to corporate borrowers, offering exposure to debt instruments designed to adjust with prevailing interest rates. BSL’s structure is designed to mature in 2027, at which point the fund will seek to liquidate its portfolio and distribute proceeds to shareholders.

The fund’s investment strategy centers on senior secured loans and other floating-rate debt issued by U.S.