Blackstone Strategic Credit Fund

Blackstone Strategic Credit Fund is a diversified and closed-end investment company, which invests in portfolios, loans, and other fixed income instruments. It involves securities from US Corporate issuers, including first- and second-lien loans, and high yield corporate bonds of varying maturities. The company was founded on March 28, 2012 and is headquartered in New York, NY.

Blackstone Long-Short Credit Income Fund

Blackstone/GSO Senior Floating Rate Term Fund

NEW YORK , March 11, 2024 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone, Inc., "Blackstone Credit & Insurance"), announced monthly distributions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) (each a "Fund" and together the "Funds"). The Funds' monthly distributions are set forth below.

Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions

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 an active trading strategy as compared to other leveraged loan CEFs. The fund's portfolio is robust and well-diversified, with a focus on single-B rated bonds.

BGB: Active Leveraged Loan CEF From Blackstone, 9.6% Yield

Liberty All-Star Growth Fund

Aberdeen Standard Global Infr Inc Fd

Blackrock Long-Term Municipal Advantage Trust

Dreyfus Municipal Income

Eagle Point Credit

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Clough Global Dividend and Income Fund

MainStay CBRE Global Infrastructure Megatrends Fund

Nuveen Build America Bond Fund

Nuveen Municipal High Income Opportunity Fund

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Opportunities Fund

PIMCO Income Strategy Fund II

Brookfield Real Assets Income Fund

Liberty All Star Equity Fund

Western Asset Premier Bond Fund

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 figures. PIMCO Corp & Inc Strat (PCN), a fund I've been high on for some time, has gone parabolic. There was a recommendation from a Seeking Alpha author that likely drove.

CEF Weekly Commentary | Swap Some MAIN Bonds?

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 credit-focused business of Blackstone, Inc., "Blackstone Credit"), announced certain changes in Trustee and Officer positions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX) and Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) (each a "Fund" and together the "Funds"). Effective December 31, 2023, Daniel H.

Blackstone Credit Closed-End Funds Announce Trustee and Officer Changes

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 credit-focused business of Blackstone, Inc., "Blackstone Credit"), announced monthly distributions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) (each a "Fund" and together the "Funds"). The Funds' monthly distributions are set forth below.

Blackstone Credit Closed-End Funds Declare Monthly Distributions

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% increase in shares compared to a 1.47% decline in the Bloomberg US Aggregate Bond Index. The fund primarily invests in floating-rate senior loans and high-yield junk bonds, which provide stability and potential income growth in a rising interest rate environment.

BGB: A Solid Income Fund With Limited Interest-Rate Risk

Carlyle Credit Income Fund

Eagle Point Income Company Inc

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 Call and Equity sectors. Invesco trimmed distributions on many CEFs including IHIT, potentially indicating a termination of this CMBS 2023 term fund.

CEF Weekly Review: When Distribution Cuts Are Good News

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 term fund, offering potential alpha relative to other senior loan funds that aren't term structured. The fund's discount should be realized as it liquidates near the end of 2027, making it an attractive investment option.

BGB: Floating Rate Exposure On This Deeply Discounted Term Fund

Highland Income Fund

Pioneer Diversified High Income Trust

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given.

The Quality Closed-End Fund Report, March 2023

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 credit-focused business of Blackstone Inc., "Blackstone Credit"), announced name changes for two listed closed-end funds it advises. The name changes are being made to clarify the limited terms already in place for the funds, which are both anticipated to be dissolved in 2027.

Blackstone Credit Announces Name Changes for Two Closed-End Funds to Specify "2027 Term" in Name

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 monthly distribution rate.

BGB: A Declining NAV Fund

MFS High Yield Municipal Trust

Western Asset Mortgage Opportunity Fund

Angel Oak Financial Strategies Income Term Trust

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

PGIM Global High Yield Fund

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, extending a recent trend.

CEF Weekly Review: Ignore Yield-On-Cost Outside Of Tax Considerations

Ares Dynamic Credit Allocation Fund

Barings Global Short Duration High Yield Fund

Brandywine Global Income Opportunities Fund Inc

Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc.

DoubleLine Income Solutions Fund

Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

KKR Income Opportunities Fund

Principal Real Estate Income Fund

Pioneer High Income Trust

Templeton Emerging Markets Income Fund

Western Asset Diversified Income Fund

Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.

'High-High-Low' Closed-End Fund Report, November 2022

Flaherty & Crumrine Dynamic Preferred & Income Fund

Dreyfus High Yield Strategies Fund

DoubleLine Yield Opportunities Fund

Flaherty & Crumrine Total Return Fund Inc

Western Asset High Income Opportunity Fund Inc

Western Asset High Income Fund

John Hancock Preferred Income Fund

Nuveen Preferred & Income Securities Fund

Nuveen Real Asset Income & Growth Fund

Oxford Lane Capital

Pimco Global Stockplus & Income Fund

Pioneer Floating Rate Trust

RiverNorth Capital and Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

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.

The 'High-High-Low' Closed-End Fund Report, August 2022

Western Asset High Yield Defined Opportunity Fund Inc

Ivy High Income Opportunities Fund

Pimco High Income Fund

YieldShares High Income ETF

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.

The 'High-High-Low' Closed-End Fund Report, July 2022

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.

BGB: Discount Widening For A Potential Opportunity, But Risks Exist

ArrowMark Financial

Blackrock California Muni Income Trust

Eaton Vance California Municipal Income Trust

Doubleline Opportunistic Credit Fund

Eaton Vance New York Municipal Bond Fund

First Trust Dynamic Europe Equity Income Fund

First Trust Intermediate Duration Preferred & Income Fund

New American High Income Fund

Invesco High Income 2023 Target Term Fund

Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Term Fund

Nuveen Ohio Quality Municipal Income Fund

Cushing MLP & Infrastructure Total Return Fund

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are EHI, JPI and WEA.

Quality Closed-End Fund Report, February 2022

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 credit-focused business of Blackstone Inc., "Blackstone Credit"), announced today a special distribution for each of the three listed closed-end funds it advises, Blackstone Senior Floating Rate Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit Fund (NYSE: BGB) (each a "Fund" and together the "Funds"). These special distributions are in addition to each Fund's regular monthly distributions.

Blackstone Credit Closed-End Funds Declare Special Distributions

BlackRock Health Sciences Trust II

BlackRock Enhanced Global Dividend Trust

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 to snag some values too.

5 Closed-End Funds Bought In November

BGB came up as one of the top candidates worth looking into in our last senior loan fund screening.

Blackstone Strategic Credit Fund: Worth Exploring When Higher Rates Come

Apollo Senior Floating Rate Fund

Vanguard Total Bond Market ETF

Saba Capital Income & Opportunities Fund

Eagle Point Credit Company Inc 7.75 % Pfd Registered Shs 2016-30.10.26 Series B

Eagle Point Cr 6.75 % Notes 2017-30.09.27

First Trust Senior Floating Rate Income Fund II

Blackrock Floating Rate Income Strategies Fund Inc

Nuveen Floating Rate Income Fund

Nuveen Credit Strategies Income Fund

Nuveen Floating Rate Income Opportunity Fund ETF

Nuveen Short Duration Credit Opportunities Fund

Nuveen Senior Income Fund

Oxford Lane Capital Corp 6.75 % Cum Red Pfd Shs Series -2024-

Oxford Lane Capital Corp 7 1/2 % Term Cum Pfd Shs Series -2023-

SPDR S&P 500 ETF Trust

 SPDR Blackstone Senior Loan ETF

Invesco Dynamic Credit Opportunities Fund

Invesco Senior Income Trust

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 exploring.

Closed-End Funds: Senior Loan Funds Q4 2021 Update

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.

BGB - A 2027 Blackstone Term Fund With A 6.2% Yield

Apollo Tactical Income Fund, Inc.

BlackRock 2022 Global Income Opportunity Trust

BlackRock Multi-Sector Income Trust

Blackrock Limited Duration Income Trust

MFS Intermediate High Income Fund

Eaton Vance Short Duration Diversified Income Fund

PGIM High Yield Bond Fund

Neuberger Berman High Yield Strategies Fund Inc

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

PGIM Shrt Duratin Hgh Yld Opprtnts Fund

Invesco High Income Trust II

These are some options that I think you can buy today if you own the selling candidate. Some of the buy candidates on here I would even buy outright if I didn't own the "sell."

Some Relative CEF Value Trades And Opportunities

Nuveen High Income November 2021 Target Term Fund

Nuveen Quality Municipal Income Fund

Nuveen Municipal Credit Opportunities Fund

We review CEF market valuation and performance over the past week and highlight recent events. We highlight news and market action across a number of CEFs such as JHB, EIC, and the Blackstone loan trio.

CEF Weekly Market Review: A Value Conundrum

BlackRock Municipal 2030 Target Term Trust

Stone Harbor Emerging Markets Total Income Fund

Eaton Vance High Income 2021 Target Term Trust

Nuveen Credit Opportunities 2022 Target Term Fund

Dreyfus Strategic Municipals Inc

Neuberger Berman New York Municipal Fund

Neuberger Berman California Intermediate Municipal Fund Inc

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Muni CEFs feature in the top list of widest discount.

The Quality Closed-End Fund Report: May 2021

News for Blackstone Strategic Credit Fund ETF (BGB)