Blackstone/GSO Strategic Credit Fund Declares Monthly Distributions, Payable on March 29, 2018, April 30, 2018 and May 31, 2018
February 22, 2018 at 04:59 pm EST
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GSO/Blackstone Debt Funds Management LLC announced the declaration of monthly distributions for Long-Short Credit Income Fund of $0.103 per share, payable on March 29, 2018, April 30, 2018 and May 31, 2018 with a record date of March 22, 2018, April 23, 2018 and May 23, 2018 and ex-date of March 21, 2018, April 20, 2018 and May 22, 2018 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.