Blackstone / GSO Long-Short Credit Income Fund (BGX)
| Market Value | 162.79M |
| Revenue (ttm) | n/a |
| Net Income (ttm) | n/a |
| Shares Out | 12.71M |
| EPS (ttm) | n/a |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $1.21 (9.46%) |
| Ex-Dividend Date | Nov 21, 2024 |
| Volume | 42,717 |
| Open | 12.78 |
| Previous Close | 12.74 |
| Day's Range | 12.71 - 12.82 |
| 52-Week Range | 11.33 - 13.24 |
| Beta | 0.67 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About BGX
Blackstone / GSO Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest 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 loans and fixed-income instruments of corporate issuers, including first and second lien secured loans and high-yield corporate debt securities of v... [Read more]
News
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...
BGX: Distribution Cuts Likely To Continue, Dump This Fund
The Blackstone Long-Short Credit Income Fund offers a 9.57% yield, but this is lower than its peers due to recent distribution cuts. BGX's focus on floating-rate senior loans means it won't benefit fr...
Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions
NEW YORK , Sept. 13, 2024 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the cr...
BGX: A Good Way To Earn A 10% Yield Regardless Of When The Fed Cuts
Blackstone Long-Short Credit Income offers income-focused investors the ability to boost returns by shorting assets, unique among closed-end funds. The current yield of 10.03% may not be as attractive...
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...
BGX: Making All The Right Moves In Today's Market Environment
The Blackstone Long-Short Credit Income Fund offers a high level of income with a 10.26% yield, comparable to other alternative credit funds. The fund has performed well, with a 6.97% appreciation in ...
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...
BGX: Very Solid Income CEF Unless Interest Rates Rapidly Decline
Blackstone Long-Short Credit Income offers an attractive 11.83% yield, in line with other alternative debt closed-end funds. The BGX closed-end fund aims to be interest-rate neutral, reducing negative...
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...
BGX: 11% Yield On Rising Rates, 11% Discount
Blackstone Long-Short Credit Income Fund is a closed-end fund that offers exposure to higher rates through senior loan investments. BGX has a diversified portfolio with a focus on secured loans and fl...
Senior Loans On Sale For 80%; 'Double Discounts' On Closed-End Funds Like AFT And BGX
Fidgety credit markets have knocked down prices on healthy performing senior corporate loans, as well as many other credit asset classes. Wrap those loans in a closed-end fund, and then discount the C...
The Quality Closed-End Fund Report, May 2023
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, HNW and BGX.
BGX: Long/Short Loan Fund That Is Actually Just Long
Blackstone Long-Short Credit Income Fund is a fixed income closed end fund. The vehicle is overweight floating rate loans, and has a high leverage ratio of 40%.
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,...
BGX: Unsustainable Distribution Rate
The BGX fund is a long-short closed-end-fund that invests in high yield loans and bonds to generate income and capital gains. The fund's long-term distribution rate has far outstripped its modest retu...
BGX: Why A Fund's Name Requires Looking Deeper
The Blackstone/GSO Long-Short Credit Income Fund difference is its strategy of being both long and short in Fixed Income assets. This dual strategy is more common for equities.
'High-High-Low' Closed-End Fund Report, February 2022: ARDC, HYB, JRI Buy Ratings Affirmed
Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.
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...
BGX: Long-Short Leveraged Loan Fund With A 6.5% Yield
The fund will invest at least 70% of its assets in secured loans. The Fund's short positions may total up to 30% of net assets.
CEF Weekly Market Review: CEF Gains Are A Nice Problem To Have
We review CEF market valuation and performance over the third week of September and highlight recent market events. We discuss a few considerations for investors sitting on large CEF capital gains who...