Blackstone Long-Short Credit Income Fund (N:BGX)
Business Focus: Closed End Funds
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Company News
Mar 13, 2023 16:15 ET
Blackstone Credit Closed-End Funds Declare Monthly Distributions
NEW YORK, March 13, 2023 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone, Inc., "Blackstone Credit"), announced monthly distributions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) (each a "Fund" and together the "Funds").
Dec 12, 2022 15:15 ET
Blackstone Credit Closed-End Funds Declare Monthly Distributions
NEW YORK, Dec. 12, 2022 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of The Blackstone Group, Inc., "Blackstone Credit"), announced monthly distributions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit Fund (NYSE: BGB) (each a "Fund" and together the "Funds").
Valuation Ratios
Industry
Sector
Beta
0.69
--
--
Price to Sales - TTM
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9.84
3.41
Price to Book - most recent quarter
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0.89
1.32
Price to Cash Flow per share - TTM
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--
10.90
Price to Free Cash Flow per share - TTM
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15.37
13.54
Business Summary
| Sector: Financials | Industry: Closed End Funds |
Blackstone Long-Short Credit Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide current income, with a secondary objective of capital appreciation. The Fund will take long positions in investments which it believes offer the potential for attractive returns under various economic and interest rate environments. BGX may also take short positions in investments which it believes will underperform due to a greater sensitivity to earnings growth of the issuer, default risk or the general level and direction of interest rates. It must hold no less than 70% of its Managed Assets in first and second-lien secured loans (Secured Loans) but may also invest in unsecured loans and high-yield bonds. Blackstone Liquid Credit Strategies LLC serves as an investment advisor for the Fund.
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