Blackstone / GSO Long-Short Credit Income Fund Declares Monthly Distributions of $0.108 Per Share
August 28 2012 - 3:44PM
Business Wire
Blackstone / GSO Long-Short Credit Income Fund (the “Fund”)
(NYSE: BGX) announced the declaration of monthly
distributions of $0.108 per common share, payable on the dates
noted below. Based on the Fund’s initial public offering price of
$20.00 per share and current share price of $19.04 (as of its close
on August 24, 2012), the distributions represent an annualized
yield of 6.48% and 6.81% respectively.
The following dates apply to the distributions declared:
Ex-Date: September 14, 2012Record Date: September 18,
2012Payable Date: September 28, 2012Per Share Amount: $0.108
Ex-Date: October 17, 2012Record Date: October 19, 2012Payable
Date: October 31, 2012Per Share Amount: $0.108
Ex-Date: November 15, 2012Record Date: November 19, 2012Payable
Date: November 30, 2012Per Share Amount: $0.108
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.
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
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 $50.5
billion of assets under management as of June 30, 2012, 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,
funds of hedge funds, and closed-end mutual funds. Blackstone also
provides various financial advisory services, including mergers and
acquisitions advisory, restructuring and reorganization advisory
and fund placement services. Further information is available at
www.blackstone.com.
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.
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