BSL
Blackstone Senior Floating Rate 2027 Term Fund13.64
+0.01+0.07%
Dec 16, 4:00:02 PM EST
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Key Stats
Market Cap
177.54MP/E (TTM)
14.36Basic EPS (TTM)
0.95Dividend Yield
0.09%Recent Filings
8-K
Fund term extended five years
Blackstone / GSO Senior Floating Rate Term Fund shareholders approved extending the fund's term to May 31, 2027, from 2022, while amending the charter to permit up to five-year extensions. This sustains access to the senior loan market for income generation, with reduced management and administrator fees locked in through 2027 to boost portfolio yields. The fund will repurchase up to 15% of shares if they trade at a sustained discount to NAV. Shareholders gain prolonged exposure, yet face ongoing market risks.
8-K
Fund term extended two years
Blackstone / GSO Senior Floating Rate Term Fund shareholders approved a two-year extension, pushing the dissolution date from May 31, 2020, to May 31, 2022, to sustain access to the senior loan market and income generation. The adviser slashed its management fee from 1.00% to 0.90% of managed assets, while the administrator cut fees from 0.10% to 0.09%, both effective November 17, 2017. This boosts shareholder value amid ongoing investments.
8-K
Fund extends reinvestment period
Blackstone / GSO Senior Floating Rate Term Fund extended its reinvestment period on March 31, 2017, allowing continued investment of proceeds from maturities, prepayments, and sales until May 31, 2019, while keeping the dissolution date at May 31, 2020. Approved by the Board on the Adviser's recommendation, this counters high loan repayment rates—annualized at 49% as of February end—that could force early liquidation and heighten portfolio risk by concentrating lower-quality holdings. Extension sustains income and enables active management. Yet risks persist in orderly wind-down.
IPO
Sector
Industry
BGB
Blackstone / GSO Strategic Cred
11.88+0.04
BGT
BlackRock Floating Rate Income
11.33+0.06
BGX
Blackstone GSO Long Short Credi
11.74-0.06
BLW
Blackrock Limited Duration Inco
13.71+0.00
BMN
53753
25.35+0.10
BTA
BlackRock Long-Term Municipal A
9.47-0.01
BXSL
Blackstone Secured Lending Fund
27.84-0.27
DSL
DoubleLine Income Solutions Fun
11.26-0.01
DSU
Blackrock Debt Strategies Fund,
10.21+0.01
FRA
Blackrock Floating Rate Income
11.69+0.02