BGB: Active Leveraged Loan CEF From Blackstone, 9.6% Yield

champpixs Thesis The Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) is a fixed income closed‐end term fund that we first covered more than two years ago. Given the narrowing of discounts for many fixed income CEFs, we are revisiting this name given its appealing valuation and trading style. We feel BGB's valuation has been held back by its active trading strategy and its set terms. The CEF is set to dissolve on or about September 15, 2027, absent shareholder approval to extend such term. With the fun ...