Blackstone Senior Floating Rate 2027 Term Fund Plans Monthly Dividend of $0.10 (NYSE:BSL)

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) announced a monthly dividend on Friday, December 12th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.095 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Wednesday, December 31st.

Blackstone Senior Floating Rate 2027 Term Fund Trading Up 0.5%

Shares of BSL stock opened at $13.59 on Monday. The firm has a 50-day moving average of $13.73 and a 200-day moving average of $14.01. Blackstone Senior Floating Rate 2027 Term Fund has a one year low of $13.45 and a one year high of $14.68.

Hedge Funds Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Several institutional investors have recently modified their holdings of the business. Dynamic Advisor Solutions LLC lifted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 7.9% during the third quarter. Dynamic Advisor Solutions LLC now owns 13,406 shares of the company’s stock worth $188,000 after acquiring an additional 977 shares during the period. Hilltop Holdings Inc. increased its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.0% during the 3rd quarter. Hilltop Holdings Inc. now owns 42,360 shares of the company’s stock valued at $596,000 after purchasing an additional 2,000 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 15.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 22,178 shares of the company’s stock worth $317,000 after purchasing an additional 3,010 shares during the period. UBS Group AG boosted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 2.5% in the 3rd quarter. UBS Group AG now owns 164,048 shares of the company’s stock worth $2,307,000 after buying an additional 4,058 shares during the last quarter. Finally, Leavell Investment Management Inc. boosted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 2.8% in the 3rd quarter. Leavell Investment Management Inc. now owns 224,430 shares of the company’s stock worth $3,155,000 after buying an additional 6,200 shares during the last quarter.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end management investment company that seeks to provide investors with current income by primarily investing in senior floating-rate loans. Managed by Blackstone Credit, the fund focuses on lending solutions to corporate borrowers, offering exposure to debt instruments designed to adjust with prevailing interest rates. BSL’s structure is designed to mature in 2027, at which point the fund will seek to liquidate its portfolio and distribute proceeds to shareholders.

The fund’s investment strategy centers on senior secured loans and other floating-rate debt issued by U.S.