Blackstone/GSO Senior Floating Rate Term Fund Declares Monthly Distribution, Payable on March 29, 2019, April 30, 2019 and May 31, 2019 Respectively
March 12, 2019 at 01:45 am IST
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Blackstone/GSO Senior Floating Rate Term Fund declared monthly distribution of $0.111 per share, payable on March 29, 2019, April 30, 2019 and May 31, 2019 respectively with record date as March 22, 2019, April 23, 2019 and May 23, 2019 respectively and ex-date as March 21, 2019, April 22, 2019 and May 22, 2019 respectively.
Blackstone Senior Floating Rate 2027 Term Fund (the 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. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in senior, secured floating rate loans (Senior Loans). The Fund may also invest in second-lien loans and high yield bonds and employs financial leverage, which may increase risk to the Fund. It invests in various sectors, including healthcare providers and services, software, capital markets, building products, aerospace and defense, financial services, healthcare equipment and supplies, professional services and information technology (IT) services. Blackstone Liquid Credit Strategies LLC (the Adviser) acts as the investment adviser of the Fund.