Blackstone Strategic Credit 2027 Term Fund (BGB)
| Market Value | 548.48M |
| Revenue (ttm) | n/a |
| Net Income (ttm) | n/a |
| Shares Out | 44.66M |
| EPS (ttm) | n/a |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $1.12 (9.09%) |
| Ex-Dividend Date | Nov 21, 2024 |
| Volume | 136,067 |
| Open | 12.32 |
| Previous Close | 12.32 |
| Day's Range | 12.26 - 12.34 |
| 52-Week Range | 11.20 - 12.69 |
| Beta | 0.59 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About BGB
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. The fund employs fundamental analysis using a research-driven credit analysis ... [Read more]
News
Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions
NEW YORK , Dec. 13, 2024 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the cre...
Blackstone Credit & Insurance Closed-End Funds Announce Trustee, Officer, and Portfolio Management Team Changes
NEW YORK , Nov. 15, 2024 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the cre...
Blackstone Credit & Insurance Closed-End Funds Announce Corrected Ex-Dividend Dates for Monthly Distributions
NEW YORK , June 12, 2024 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the cre...
BGB: Floating Rate Exposure Benefiting From 'Higher For Longer'
Blackstone Strategic Credit 2027 Term Fund has been performing well since our prior update and seeing its discounts narrow. BGB benefits from hotter inflation and a resilient economy, which decreases ...
BGB: Active Leveraged Loan CEF From Blackstone, 9.6% Yield
The Blackstone Strategic Credit Fund is undervalued compared to its peers, despite outperforming well-known CEFs from PIMCO. BGB has a unique approach with a high allocation to fixed income bonds and ...
CEF Weekly Commentary | Swap Some MAIN Bonds?
Macro markets saw positive movement, with the S&P 500 up 1.81% and bonds performing well. The PPI report offset slightly hot CPI, leaving uncertainty about how the Fed will respond to rising inflation...
Blackstone Credit Closed-End Funds Announce Trustee and Officer Changes
NEW YORK , Jan. 4, 2024 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the cred...
Blackstone Credit Closed-End Funds Declare Monthly Distributions
NEW YORK , Dec. 11, 2023 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the cre...
BGB: A Solid Income Fund With Limited Interest-Rate Risk
The Blackstone Strategic Credit 2027 Term Fund offers a current distribution yield of 11.08%, comparable to other fixed-income funds. The fund has outperformed the broader bond market, with a 3.37% in...
CEF Weekly Review: When Distribution Cuts Are Good News
We review CEF market valuation and performance through the third week of September and highlight recent market action. Most sectors saw NAV gains, but discounts widened, particularly in the Covered Ca...
BGB: Floating Rate Exposure On This Deeply Discounted Term Fund
The Blackstone Strategic Credit 2027 Term Fund has benefited from higher interest rates through distribution increases due to its portfolio of senior secured loans. BGB has a deep discount and is a te...
The Quality Closed-End Fund Report, March 2023
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given.
Blackstone Credit Announces Name Changes for Two Closed-End Funds to Specify "2027 Term" in Name
NEW YORK , Feb. 23, 2023 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the cre...
BGB: A Declining NAV Fund
Blackstone Strategic Credit Fund aims to provide high current income from a portfolio of senior loans and high yield bonds. The closed-end fund has an annualized yield of 9.4%, using the latest monthl...
CEF Weekly Review: Ignore Yield-On-Cost Outside Of Tax Considerations
We review closed-end fund market valuation and performance through the third week of December and highlight recent market action. CEFs were mixed this week; however, discounts have continued to widen,...
BGB: Discount Widening For A Potential Opportunity, But Risks Exist
BGB is heavily invested in senior secured floating rate loans, meaning it should benefit from higher rates. The portfolio is highly leveraged and invests in below-investment-grade securities.
Blackstone Credit Closed-End Funds Declare Special Distributions
NEW YORK, Dec. 20, 2021 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the cred...
5 Closed-End Funds Bought In November
I put some capital to work through the month of November in 5 different funds. Black Friday wasn't just a day for shoppers in physical stores, but with the stock market decline, investors got a chance...
Blackstone Strategic Credit Fund: Worth Exploring When Higher Rates Come
BGB came up as one of the top candidates worth looking into in our last senior loan fund screening.
Closed-End Funds: Senior Loan Funds Q4 2021 Update
As we enter the fourth quarter of 2021, we are inching closer to the eventual rate hikes from the Fed. We've been continuing to monitor the senior loan fund space to find some opportunities worth expl...
BGB - A 2027 Blackstone Term Fund With A 6.2% Yield
The fund is a 80/20 blend of leveraged loans and high yield bonds. BGB set to dissolve on or about September 15, 2027, absent shareholder approval to extend.