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BSL - BSL: A Discounted CEF Aligned With Higher-For-Longer Interest Rates
Blackstone GSO Senior Floating Rate Term Fund of Beneficial Interest
2025-01-29 06:37:55 ET
Summary
The Blackstone Senior Floating Rate 2027 Term Fund provides a compelling investment opportunity to those who think a higher-for-longer interest rate environment will emerge.
The fund is set to dissolve in May 2027, which we deem a prudent exit date.
Its low duration equates to low price volatility, under normal market conditions.
BSL CEF's elevated yield will likely be sustained due to the vehicle's speculative-grade rating exposure and the interest rate outlook.