From Seekingalpha · Nick Ackerman · · 40s
BGB Tactical Opportunity With Liquidation Potential
Blackstone Strategic Credit 2027 Term Fund offers high yield with liquidation risk.
In brief
Blackstone Strategic Credit 2027 Term Fund offers high yield with liquidation risk. Blackstone Strategic Credit 2027 Term Fund (BGB) has ~8% yield and potential liquidation in under a year. Originally reported by Seekingalpha.
BGB Fund Overview
Blackstone Strategic Credit 2027 Term Fund offers floating-rate high-yield portfolio with current ~5% discount and ~8% yield.
Liquidation Catalyst
BGB’s term structure set for potential liquidation in under a year creating catalyst for discount narrowing via liquidation or 100% NAV tender offer.
Distribution Potential
Potential distribution increases may follow further Fed hikes enhancing BGB’s income appeal.
The headline
Blackstone Strategic Credit 2027 Term Fund (BGB) has ~8% yield and potential liquidation in under a year.
