Blackstone Long-Short Credit Income Fund
NYSE · us_market
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Blackstone Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in loans and fixed-income instruments of corporate issuers, including first and second lien secured loans and high-yield corporate debt securities of varying maturities. The fund seeks to invest in securities rated below investment grade. It employs fundamental analysis using a research-driven credit approach to create its portfolio. The fund benchmarks the performance of its portfolio against a composite index comprised of 70% S&P/LSTA Leveraged Loan Index and 30% Barclays US High Yield Index. Blackstone Long-Short Credit Income Fund was formed on October 22, 2010 and is domiciled in the United States.
BGX pays out more than it earns, with a 7.7% yield unsupported by net investment income, risking further NAV declines. See why BGX is downgraded to Sell.
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NEW YORK, March 13, 2026--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 F
Ares Dynamic Credit Allocation Fund (ARDC) offers a 10.17% yield, and outperformed most comparable debt index funds and peers over five and ten years. Read the latest analysis here.
BlackRock Floating Rate Income Strategies Fund's 12.3% yield looks tempting, but return of capital is eroding NAV and rate cuts may force a payout cut. See more.
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BGX's total returns are primarily from distributions, with share price underperforming over the past decade. Read why BGX CEF is a Hold.
This report screens ~400 closed-end funds for those with distribution coverage above 100%. Click here for more information on Closed-End Funds.
This report screens ~400 closed-end funds (CEFs) for those with 100%+ net investment income coverage, highlighting lower risk of distribution cuts. Read this month's report here.
BGX employs a less aggressive long-short credit strategy with yield advantages but structural limits. Find out why BGX CEF is a hold.
PRESS RELEASE 345 Park Avenue, 31stFloor New York, NY 10154 299‐1588 FOR IMMEDIATE RELEASE June 13, 2025 Blackstone Credit &...
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| Fund | Style | Shares | Value | % of Port | Change vs. last quarter | Period |
|---|---|---|---|---|---|---|
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| 30d | 90d | YTD | 1y | |
|---|---|---|---|---|
| BGX | -1.00% | +1.39% | -6.43% | -9.98% |
| XLF | -0.65% | +0.72% | -5.82% | +1.22% |
| Alpha (stock − sector) | -0.34% | +0.67% | -0.61% | -11.20% |