GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP ("GSO"), announced today a special distribution for each of the three listed closed-end funds it advises, Blackstone / GSO Senior Floating Rate Term Fund (NYSE: BSL), Blackstone / GSO Long-Short Credit Income Fund (NYSE: BGX), and Blackstone / GSO Strategic Credit Fund (NYSE: BGB) (each a "Fund" and together the "Funds"). These special distributions are in addition to each Fund's regular monthly distributions. The special distribution for each Fund is set forth below, and the following dates apply to the special distributions declared today:
Blackstone / GSO Senior Floating Rate Term Fund (NYSE: BSL, the "Fund") announced that the Fund's Board of Trustees (the "Board") has approved a proposal to extend the term of the Fund by five years by changing the Fund's scheduled dissolution date from May 31, 2022 to May 31, 2027 (the "Term Extension"). The Board also approved an amendment to BSL's charter (the "Charter Amendment") to allow an extension greater than two years in length. In connection with the Term Extension, the Fund would implement a program to repurchase up to 15% of outstanding shares of the Fund in the open market under certain circumstances (the "Share Repurchase Program"), as described in the preliminary proxy statement.
GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP ("GSO"), announced that the date and location have been changed for the 2020 Joint Annual Meeting of Shareholders (the "Meeting") of the three listed closed-end funds it advises, Blackstone / GSO Senior Floating Rate Term Fund (NYSE: BSL), Blackstone / GSO Long-Short Credit Income Fund (NYSE: BGX), and Blackstone / GSO Strategic Credit Fund (NYSE: BGB) (each, a "Fund" and together, the "Funds"). Due to public health concerns regarding the coronavirus pandemic, the Meeting will be held in a telephonic meeting format only. Shareholders will not be able to attend the Meeting in person. The Meeting is being postponed from the previously scheduled date of Wednesday, April 15, 2020 and will now be held on Thursday, April 23, 2020, at 10:00 a.m. Eastern Time.
GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP ("GSO"), announced monthly distributions for the three listed closed-end funds it advises, Blackstone / GSO Senior Floating Rate Term Fund (NYSE: BSL), Blackstone / GSO Long-Short Credit Income Fund (NYSE: BGX), and Blackstone / GSO Strategic Credit Fund (NYSE: BGB) (each a "Fund" and together the "Funds").