Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Announces Monthly Dividend of $0.08

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) announced a monthly dividend on Friday, September 12th. Investors of record on Thursday, November 20th will be given a dividend of 0.078 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Thursday, November 20th.

Blackstone Strategic Credit 2027 Term Fund Trading Down 0.4%

NYSE:BGB opened at $11.79 on Tuesday. The firm’s fifty day moving average price is $12.01 and its two-hundred day moving average price is $12.12. Blackstone Strategic Credit 2027 Term Fund has a one year low of $10.47 and a one year high of $12.69.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BGB. Ameritas Advisory Services LLC acquired a new stake in shares of Blackstone Strategic Credit 2027 Term Fund during the second quarter worth $53,000. Wolverine Asset Management LLC bought a new position in Blackstone Strategic Credit 2027 Term Fund during the second quarter worth about $77,000. Cary Street Partners Investment Advisory LLC raised its stake in Blackstone Strategic Credit 2027 Term Fund by 15.6% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 7,400 shares of the company’s stock worth $90,000 after purchasing an additional 1,000 shares in the last quarter. JT Stratford LLC acquired a new stake in Blackstone Strategic Credit 2027 Term Fund in the 2nd quarter worth about $124,000. Finally, Ethos Financial Group LLC bought a new stake in Blackstone Strategic Credit 2027 Term Fund in the 3rd quarter valued at about $188,000.

Blackstone Strategic Credit 2027 Term Fund Company Profile

Blackstone Strategic Credit 2027 Term Fund is a close ended fixed income mutual fund launched and managed by GSO / Blackstone Debt Funds Management LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the loans and other fixed income instruments including first- and second-lien secured loans and high-yield corporate bonds of different maturities.