BGX Blackstone Long Short Credit Income Fund

GSO / Blackstone Debt Funds Management LLC, wholly-owned subsidiary of GSO Capital Partners LP (‘‘GSO’’), announced the declaration of monthly distributions for its three closed-end funds (the “Funds”). GSO is one of the world’s largest credit-oriented alternative asset managers, with a focus on delivering attractive risk-adjusted returns and capital preservation for its clients.

The Funds’ monthly distributions are listed below. The following dates apply to today’s distribution declarations for these Funds:

Ex-Date: June 19, 2015 Record Date: June 23, 2015 Payable Date: June 30, 2015   Ex-Date: July 22, 2015 Record Date: July 24, 2015 Payable Date: July 31, 2015   Ex-Date: August 20, 2015 Record Date: August 24, 2015 Payable Date: August 31, 2015   Ex-Date: September 21, 2015 Record Date: September 23, 2015 Payable Date: September 30, 2015           Monthly Distribution Per Share Ticker Fund Amount    

Change fromPrevious Month

BGB Strategic Credit Fund $ 0.105 - BGX Long-Short Credit Income Fund $ 0.098 - BSL Senior Floating Rate Term Fund $ 0.090 -

The Funds seek to pay distributions at rates that reflect net investment income actually earned and projected future income.

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 and tax characteristics of these distributions will depend upon each Fund’s investment experience during its fiscal year and will be made after the Fund’s year end. Each 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.

About The Blackstone Group and GSO Capital Partners

Blackstone is one of the world’s leading investment firms. Blackstone seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. The firm does this by using extraordinary people and flexible capital to help companies solve problems. Blackstone’s asset management businesses, with over $300 billion in assets under management as of March 31, 2015, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. 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 Blackstone on Twitter @Blackstone.

GSO is the global credit and distressed investment platform of Blackstone. With approximately $75 billion of assets under management as of March 31, 2015, GSO is one of the largest alternative managers in the world focused on the leveraged-finance, or non-investment grade related, marketplace. GSO seeks to generate attractive risk-adjusted returns in its business by investing in a broad array of strategies including mezzanine debt, distressed investing, leveraged loans and other special-situation strategies. Its funds are major providers of credit for small and middle-market companies, and it also advances rescue financing to help distressed companies.

Investors wishing to buy or sell shares need to place orders through an intermediary or broker.

Contact the Funds at 1-877-299-1588 or visit the Funds’ website at www.blackstone-gso.com for additional information.

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Blackstone Group and GSO Capital PartnersJane Lee, 877-876-1121