Blackstone / GSO Long-Short Credit Income Fund Declares Monthly Distributions of $0.098 Per Share
September 09 2014 - 9:30AM
Business Wire
Blackstone / GSO Long-Short Credit Income Fund (the “Fund”)
(NYSE: BGX) announced the declaration of monthly
distributions of $0.098 per common share, payable on the dates
noted below. Based on the Fund’s current share price of $17.04 (as
of its close on September 8, 2014), the distributions represent an
annualized yield of 6.90%.
BGX’s strategy allows the manager to allocate to both floating
rate loans and high yield bonds, while maintaining a core portfolio
of 70% secured loans. With an asset composition of approximately
81% floating rate loans, we believe that the Fund is well
positioned to take advantage of a potential rise in interest
rates.
The following dates apply to the distributions declared:
Ex-Date: October 22, 2014Record Date: October 24, 2014Payable
Date: October 31, 2014Per Share Amount: $0.098
Ex-Date: November 18, 2014Record Date: November 20, 2014Payable
Date: November 28, 2014Per Share Amount: $0.098
A portion of each distribution may be treated as paid from
sources other than net investment income, including but not limited
to short-term capital gain, long-term capital gain or return of
capital. The final determination of the source of these
distributions will be made after the Fund’s year end.
Of the $.098 per share payable on October 31, 2014, $0.042 is a
short-term capital gain spillover distribution and $0.015 is a
long-term capital gain spillover distribution; both from the fiscal
year ended December 31, 2013.
The amounts and sources of distributions reported are only
estimates and are not provided for tax reporting purposes. The
actual amounts and sources of the amounts for tax reporting
purposes will depend upon the Fund’s investment experience during
the remainder of its fiscal year and may be subject to changes
based on tax regulations. The Fund will send to investors, a Form
1099-DIV for the calendar year that will define how to report these
distributions for federal income tax purposes.
Blackstone / GSO Long-Short Credit Income Fund
The Fund is a non-diversified, closed-end management investment
company that is managed by GSO / Blackstone Debt Funds Management
LLC, an affiliate of The Blackstone Group L.P. (“Blackstone”) and
subsidiary of GSO Capital Partners LP (“GSO”). The Fund’s primary
objective is to provide current income, with a secondary objective
of capital appreciation. There can be no assurance the Fund will
achieve its investment objectives. Additional information is
available at www.blackstone-gso.com/bgx-index.php.
About The Blackstone Group and GSO Capital Partners
Blackstone is one of the world’s leading investment and advisory
firms. We seek to create positive economic impact and long-term
value for our investors, the companies we invest in, the companies
we advise and the broader global economy. We do this through the
commitment of our extraordinary people and flexible capital. Our
credit business, GSO Capital Partners LP, with approximately $69.5
billion of assets under management as of June 30, 2014, is one of
the largest credit-oriented alternative asset managers in the world
and a major participant in leveraged finance. GSO specializes in
collateralized loan obligation vehicles (CLOs) and credit-oriented
funds, which include leveraged loans, special situations,
mezzanine, distressed, secondary market and rescue financing credit
strategies. Our other alternative asset management businesses
include the management of private equity funds, real estate funds,
hedge fund solutions and closed-end funds. Blackstone also provides
various financial advisory services, including financial and
strategic advisory, restructuring and reorganization advisory and
fund placement services.
Further information is available at www.blackstone.com. Follow
us on Twitter @Blackstone.
Blackstone / GSO Long-Short Credit Income Fund is a closed-end
fund and closed-end funds do not continuously issue shares for sale
as open-end mutual funds do. Since its initial public offering, the
Fund has traded on the New York Stock Exchange under the symbol
BGX. Investors wishing to buy or sell shares need to place
orders through an intermediary or broker.
Contact the Fund at 1-877-299-1588 or visit the Fund’s
website at www.blackstone-gso.com/bgx-index.php for
additional information.
Blackstone / GSO Long-Short Credit Income FundJane Lee,
877-876-1121
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