BGX

Blackstone Long-Short Credit Income Fund
BGX

$13.12

0.23%

Market Cap: $167M

About: Blackstone Long-Short Credit Income Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. It seeks to achieve its investment objectives by employing a dynamic long-short strategy in a diversified portfolio of loans and fixed-income instruments of predominantly U.S. corporate issuers, including first- and second-lien secured loans (Secured Loans) and high-yield corporate bonds of varying maturities.

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Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

3% more funds holding

Funds holding: 36 [Q1] → 37 (+1) [Q2]

9% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 11

4.46% less ownership

Funds ownership: 41.01% [Q1] → 36.55% (-4.46%) [Q2]

10% less capital invested

Capital invested by funds: $64.2M [Q1] → $57.7M (-$6.43M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for BGX.

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Financial journalist opinion

Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions

NEW YORK , Sept. 13, 2024 /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 & Insurance"), 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").

Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions

BGX: A Good Way To Earn A 10% Yield Regardless Of When The Fed Cuts

Blackstone Long-Short Credit Income offers income-focused investors the ability to boost returns by shorting assets, unique among closed-end funds. The current yield of 10.03% may not be as attractive as other similar funds with higher yields, but it is still better than many other options. The BGX closed-end fund's leverage ratio of 31.83% is reasonable compared to peers, although it is very slightly higher than the last time that we discussed it.

BGX: A Good Way To Earn A 10% Yield Regardless Of When The Fed Cuts

Blackstone Credit & Insurance Closed-End Funds Announce Corrected Ex-Dividend Dates for Monthly Distributions

NEW YORK , June 12, 2024 /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 & Insurance"), recently 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"). The ex-dividend dates in the prior press release announcing these distributions were incorrect and have been corrected below, with each ex-dividend date being adjusted to one day later than what was previously announced.

Blackstone Credit & Insurance Closed-End Funds Announce Corrected Ex-Dividend Dates for Monthly Distributions

Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions

NEW YORK , June 11, 2024 /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 & Insurance"), 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"). The Funds' monthly distributions are set forth below.

Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions

BGX: Making All The Right Moves In Today's Market Environment

The Blackstone Long-Short Credit Income Fund offers a high level of income with a 10.26% yield, comparable to other alternative credit funds. The fund has performed well, with a 6.97% appreciation in shares since the previous article was published. The fund's leverage is reasonable at 31.23% of its overall portfolio, and its distribution varies but is generally attractive.

BGX: Making All The Right Moves In Today's Market Environment

Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions

NEW YORK , March 11, 2024 /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 & Insurance"), 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"). The Funds' monthly distributions are set forth below.

Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions

Blackstone Credit Closed-End Funds Announce Trustee and Officer Changes

NEW YORK , Jan. 4, 2024 /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 certain changes in Trustee and Officer positions 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"). Effective December 31, 2023, Daniel H.

Blackstone Credit Closed-End Funds Announce Trustee and Officer Changes

Blackstone Credit Closed-End Funds Declare Monthly Distributions

NEW YORK , Dec. 11, 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"). The Funds' monthly distributions are set forth below.

Blackstone Credit Closed-End Funds Declare Monthly Distributions

BGX: Very Solid Income CEF Unless Interest Rates Rapidly Decline

Blackstone Long-Short Credit Income offers an attractive 11.83% yield, in line with other alternative debt closed-end funds. The BGX closed-end fund aims to be interest-rate neutral, reducing negative impacts from interest rate increases. The fund has performed well over the past three years, outperforming the Bloomberg U.S. Aggregate Bond Index.

BGX: Very Solid Income CEF Unless Interest Rates Rapidly Decline

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