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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Friday, December 12th. Shareholders of record on Friday, February 20th will be paid a dividend of 0.077 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Friday, February 20th.

Blackstone Strategic Credit 2027 Term Fund Stock Down 0.2%

Shares of BGB traded down $0.02 during mid-day trading on Wednesday, reaching $11.65. The company had a trading volume of 6,308 shares, compared to its average volume of 120,528. The firm has a fifty day simple moving average of $11.80 and a 200-day simple moving average of $12.00. Blackstone Strategic Credit 2027 Term Fund has a fifty-two week low of $10.47 and a fifty-two week high of $12.65.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

A number of hedge funds have recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 15.6% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 7,400 shares of the company’s stock valued at $90,000 after purchasing an additional 1,000 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in Blackstone Strategic Credit 2027 Term Fund by 4.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 25,164 shares of the company’s stock worth $306,000 after purchasing an additional 1,001 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Blackstone Strategic Credit 2027 Term Fund by 1.4% in the second quarter. Rockefeller Capital Management L.P. now owns 75,509 shares of the company’s stock valued at $915,000 after acquiring an additional 1,064 shares in the last quarter. Invesco Ltd. raised its position in shares of Blackstone Strategic Credit 2027 Term Fund by 0.3% during the 3rd quarter. Invesco Ltd. now owns 361,916 shares of the company’s stock worth $4,405,000 after acquiring an additional 1,201 shares in the last quarter. Finally, Stolper Co increased its stake in Blackstone Strategic Credit 2027 Term Fund by 2.2% in the fourth quarter. Stolper Co now owns 60,417 shares of the company’s stock valued at $712,000 after purchasing an additional 1,284 shares during the last quarter.

About Blackstone Strategic Credit 2027 Term Fund

Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) is a closed-end management investment company organized as an interval fund, designed to provide investors with exposure to a diversified portfolio of credit instruments. The fund commenced operations in late 2020 and is structured with a defined term ending in 2027, at which point it intends to liquidate its assets and distribute proceeds to shareholders. As an interval fund, BGB offers limited redemption opportunities on a quarterly basis, allowing for greater investment flexibility while maintaining portfolio stability.

The fund’s primary business activity involves investing across the credit spectrum, including senior secured loans, high-yield and investment-grade corporate bonds, structured credit, and direct lending opportunities.