Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Plans $0.09 Monthly Dividend

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) announced a monthly dividend on Friday, June 12th. Shareholders of record on Friday, July 24th will be paid a dividend of 0.088 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Friday, July 24th.

Blackstone Senior Floating Rate 2027 Term Fund Trading Up 0.4%

Shares of NYSE BSL opened at $13.10 on Wednesday. Blackstone Senior Floating Rate 2027 Term Fund has a one year low of $12.45 and a one year high of $14.35. The firm’s 50 day simple moving average is $13.02 and its two-hundred day simple moving average is $13.10.

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.