BGB News and Press, Blackstone / GSO Strategic Credit Fund From 02/09/22

Interest rates have risen sharply since the start of the year, causing some pain in the markets and a significant rise in the VIX. With the VIX up sharply, we risk seeing discounts widen from here given how tight they are. But with interest rates rising across the curve, discounts...

As we enter the first quarter of 2022, we are inching closer to the eventual rate hikes from the Fed. The 10-Year Treasury has already been on the move, heading higher while we are only a few weeks into the new year. This has put jitters in the market; notably, "long duration" ass...

We review CEF market valuation and performance through the fourth week of January and highlight recent market action. CEF discounts recovered this week after what looked like retail capitulation and despite NAVs moving lower on the week. Investors can sometimes be swayed by the op...

Blackstone Credit Closed-End Funds Declare Special Distributions PR Newswire NEW YORK , Dec. 20, 2021 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affilia...

I put some capital to work through the month of November in 5 different funds. Black Friday wasn't just a day for shoppers in physical stores, but with the stock market decline, investors got a chance to snag some values too. The Omicron variant of COVID puts uncertainty in the ma...

Blackstone/GSO Strategic Credit Fund (NYSE:BGB) declares $0.066/share monthly dividend, in line with previous. Forward yield 5.79% Payable Dec. 31; for shareholders of record Dec. 23; ex-div Dec. 22. Payable Jan. 31; for shareholders of record Dec. 31; ex-div Dec. 30. Payable Feb. 28; for sha...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxY funds are FPL, FDEU, and AOD. For further details see: Quality Closed-End Fund Report: November 2021

AFT was another of the floating rate funds that was worth taking a further dive into. This fund had cut its distribution quite aggressively but has been increasing over the last year. Due to the floating rate characteristic of the underlying holdings, when interest rates head high...

BGB came up as one of the top candidates worth looking into in our last senior loan fund screening. BGB is mostly invested in senior secured loans, though it does have a small sleeve of high yield bonds. The large exposure to floating rate debt is going to be beneficial when rates...

As we enter the fourth quarter of 2021, we are inching closer to the eventual rate hikes from the Fed. We've been continuing to monitor the senior loan fund space to find some opportunities worth exploring. AFT, BGB and FRA appear to be funds we would want to explore further with ...