Blackstone / GSO Long-Short Credit Income Fund Declares Monthly Distributions, Payable on October 31, 2016 and November 30, 2016
October 03, 2016 at 01:52 pm EDT
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Blackstone /GSO Long-Short Credit Income Fund declared monthly distributions of $0.098 per share. The dividends will be payable on October 31, 2016 and November 30, 2016 with the record date of October 24, 2016 and November 22, 2016. Ex-dates are October 20, 2016 and November 18, 2016, respectively.
Blackstone Long-Short Credit Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide current income, with a secondary objective of capital appreciation. The Fund will take long positions in investments which it believes offer the potential for attractive returns under various economic and interest rate environments. BGX may also take short positions in investments which it believes will underperform due to a greater sensitivity to earnings growth of the issuer, default risk or the general level and direction of interest rates. It must hold no less than 70% of its Managed Assets in first and second lien secured loans (Secured Loans) but may also invest in unsecured loans and high-yield bonds. The Fund invests in various sectors, which include aerospace and defense, auto components, beverages, building products, and others. Blackstone Liquid Credit Strategies LLC serves as an investment advisor for the Fund.