Blackstone/GSO Senior Floating Rate Term Fund

Blackstone Senior Floating Rate Term Fund operates as a closed-end investment fund. Its objective is to seek high current income and preservation of capital. The firm primarily invests in senior secured and floating rate loans. The company was founded on May 26, 2010 and is headquartered in New York, NY.

Blackstone Strategic Credit Fund

Blackstone Long-Short Credit Income Fund

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

NEW YORK , Sept. 12, 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").

Blackstone Credit Closed-End Funds Declare Monthly Distributions

Credit Suisse Asset Management Income Fund

Credit Suisse High Yield Bond Fund

Western Asset Mortgage Opportunity Fund

Wells Fargo Income Opportunities Fund

Allspring Global Dividend Opportunity Fund

Wells Fargo Utilities and High Income Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Invesco High Income 2023 Target Term Fund

Nuveen Preferred & Income Term Fund

Nuveen Preferred & Income 2022 Term Fund

We review CEF market valuation and performance through the third week of May and highlight recent market action. CEFs were mostly down on the week as rising Treasury yields were the key headwind.

CEF Weekly Review: Term CEFs Continue To Be Misunderstood

Blackstone Senior Floating Rate Term Fund is a fixed income CEF. The vehicle focuses on floating rate loans.

BSL: Term CEF With A Name Change, Same Performance

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

BSL yields 9.53% and pays monthly. Management has raised the monthly dividends three times in the past five months. BSL and some other floating rate funds are selling at deeper than historic discounts, even though they're raising the monthly distributions.

BSL And Floating Rate Funds: Rising Dividends, 9-11% Yields, 10% Discounts

MFS High Yield Municipal Trust

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

Blackrock California Muni Income Trust

Barings Global Short Duration High Yield Fund

Brandywine Global Income Opportunities Fund Inc

Eaton Vance California Municipal Income Trust

MFS Investment Grade Municipal Trust

Flaherty & Crumrine Dynamic Preferred & Income Fund

DoubleLine Income Solutions Fund

Dreyfus Strategic Municipal Bond Fund Inc

Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance California Municipal Bond Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

Flaherty & Crumrine Total Return Fund Inc

Federated Premier Municipal Income Fund

Highland Income Fund

Western Asset High Income Fund

Pioneer Diversified High Income Trust

New American High Income Fund

Nuveen Preferred & Income Opportunities Fund

KKR Income Opportunities Fund

Deutsche Strategic Municipal Income Trust

BlackRock MuniYield Pennsylvania Quality Fund

Nuveen Missouri Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund

Oxford Lane Capital

PIMCO Dynamic Income Fund

PIMCO Dynamic Income Opportunities Fund

Pioneer High Income Trust

PIMCO Strategic Income Fund Inc

Cushing MLP & Infrastructure Total Return Fund

Invesco Pennsylvania Value Municipal Income Trust

Western Asset Diversified Income Fund

Western Asset/Claymore Inflation-Linked Securities & Income Fund

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

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

Quality Closed-End Fund Report, November 2022

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

Dreyfus High Yield Strategies Fund

DoubleLine Yield Opportunities Fund

Western Asset High Income Opportunity Fund Inc

John Hancock Preferred Income Fund

Nuveen Preferred & Income Securities Fund

Nuveen Real Asset Income & Growth Fund

Pimco Global Stockplus & Income Fund

Principal Real Estate Income Fund

Pioneer Floating Rate Trust

RiverNorth Capital and Income Fund

Templeton Emerging Markets 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

Western Asset Premier Bond 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

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

The Blackstone GSO Senior Floating Rate Term Fund is one of many funds investing in floating-rate debt. Like BSL, some have features or results that separate them from the pack.

Blackstone GSO Senior Floating Rate Term Fund Set To Close In 2027

Apollo Tactical Income Fund, Inc.

First Trust Senior Floating Rate 2022 Target Term Fund

Fiduciary / Claymore Mlp Opportunity Fund

Guggenheim Strategic Opportunities Fund

Kayne Anderson MLP Investment

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 are getting nervous.

CEF Weekly Market Review: CEF Gains Are A Nice Problem To Have

Apollo Senior Floating Rate Fund

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

Nuveen Floating Rate Income Opportunity Fund ETF

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

Eagle Point Credit

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

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

Eagle Point Cr 6.75 % Notes 2017-30.09.27

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 Investment Quality Municipal Trust

Nuveen Credit Opportunities 2022 Target Term Fund

MFS Municipal Income Trust

Tortoise Energy Independence Fund, Inc.

Invesco Municipal Income Opportunities Trust

Tortoise Pipeline & Energy Fund

We review CEF market valuation and performance over the first week of June and highlight recent events. The CEF market pushed higher at the start of June with a favorable backdrop of stable Treasury yields and rising equity prices.

CEF Weekly Market Review: The Everything Rally

BlackRock Floating Rate Income Trust

Blackrock Debt Strategies Fund Inc

Nuveen Floating Rate Income Fund

Nuveen Credit Strategies Income Fund

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-

Invesco Dynamic Credit Opportunities Fund

Invesco Senior Income Trust

Closed-End Funds: Senior Loan Funds Revisited

Nuveen Mortgage Opportunity Term Fund

BlackRock MuniVest Fund Inc

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

The CEF market has put in very strong returns in the few months since our last update. We discuss some of the key themes driving the CEF market in the medium term.

Key Themes Of The CEF Market

Vertical Capital Income Fund.

Floating rate ("loan") securities have been out of favor for more than a year as investors saw interest rates plummet. The loan market looks very compelling relative to high-yield fixed coupon bonds. The avg. price is below par vs. a premium to par for bonds.

CEF Floating Rate Sector Update: Rates Are Rising Which Should Shine A Light On The Sector

Eaton Vance Senior Floating Rate Fund

Eaton Vance Floating-Rate Income Trust

Eaton Vance

The CEF market has seen very strong performance to finish out the year. With valuations tightening and a number of risks on the radar, it makes sense to take a margin-of-safety approach to income portfolios.

CEF Margin Of Safety Opportunities Update

Senior loan funds are showing some opportunities at some deep discounts. These funds should benefit from increasing interest rates, but that could be years before playing out.

Income Lab Ideas: Senior Loan Funds

Loan CEFs have been out of favor for income investors due to heavy drawdowns, sharp distribution cuts and lagging discounts. We discuss reasons for positioning between high-yield bonds versus loans.

BSL: Strong Historic Returns With Buyback Support

NEW YORK, Dec. 18, 2020 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, formerly known as "GSO / Blackstone Debt Funds Management LLC" and an affiliate of Blackstone Alternative Credit Advisors LP, formerly known as "GSO Capital Partners LP" (collectively, and together with their...

Blackstone Closed-End Funds Declare Special Distributions

Doubleline Opportunistic Credit Fund

First Trust Intermediate Duration Preferred & Income Fund

MFS Multimarket Income Trust

Cohen & Steers Select Preferred and Income Fund

RiverNorth Opportunities Fund, Inc.

Just to be clear, these are not "buy" recommendations but considerations if you own the "sell" fund.

News for Blackstone/GSO Senior Floating Rate Term Fund ETF (BSL)