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home / news releases / BGB - New Policy Raises Blackstone/GSO Funds' Distribution A Positive For Floating Rate Funds

BGB - New Policy Raises Blackstone/GSO Funds' Distribution A Positive For Floating Rate Funds

Blackstone / GSO Strategic Credit Fund

This report was originally released to members of Yield Hunting more than two weeks ago.

Blackstone/GSO's closed-end funds ("CEFs") recently bucked the trend and raised their distributions. The fund company is one of the rare ones that announce distributions for the next three months, not just the next month. The announcement released on June 11th showed:

  • Blackstone/GSO Strategic Credit (BGB): The fund increased the monthly distribution from $0.11 to $0.114, an increase of 3.63%
  • Blackstone/GSO Long-Short Credit (BGX): The fund increased the monthly distribution from $0.117 to $0.122, an increase of

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Stock Information
Company Name: Blackstone / GSO Strategic Credit Fund
Stock Symbol: BGB
Market: NYSE
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