Blackstone Private Credit Fund Declares Special Dividend
28 June 2022 - 12:00AM
Business Wire
Blackstone Private Credit Fund (BCRED or the “Fund”) today
announced that due to strong earnings and the positive impact from
rising interest rates, its Board of Trustees has declared a special
distribution of the Fund’s excess undistributed net investment
income for each class of the Fund’s shares. The special
distribution will be in the amount of $0.05 per share plus the
estimated undistributed net investment income in excess of $0.05
per share available as of the record date of August 21, 2022 (the
“Record Date”) and will be paid on or about September 1, 2022. The
estimated undistributed net investment income and the precise
amount of the special distribution will be determined closer to the
Record Date.
About Blackstone Private Credit Fund
Blackstone Private Credit Fund (BCRED) is Blackstone’s
non-listed business development company (BDC). Leveraging
Blackstone’s institutional-caliber investment approach, BCRED aims
to provide income-focused individual investors access to private
credit in a continuously offered fund structure. It is part of
Blackstone Credit’s $74 billion direct lending platform, which
provides privately originated, senior secured, floating rate loans
to U.S. and European companies. BCRED is externally managed by a
subsidiary of Blackstone (NYSE: BX), a global leader in credit
investing.
About Blackstone Credit
Blackstone Credit is one of the world’s largest credit-focused
asset managers, with $230 billion in AUM. We seek to generate
attractive risk-adjusted returns for our clients by investing
across the entire corporate credit market, from public debt to
private loans. Our capital supports a wide range of companies
across sectors and geographies, enabling businesses to expand,
invest, and navigate changing market environments.
Forward-Looking Statements
Certain information contained in this communication constitutes
“forward-looking statements” within the meaning of the federal
securities laws and the Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by the use
of forward-looking terminology, such as “outlook,” “indicator,”
“believes,” “expects,” “potential,” “continues,” “may,” “can,”
“will,” “should,” “seeks,” “approximately,” “predicts,” “intends,”
“plans,” “estimates,” “anticipates”, “confident,” “conviction,”
“identified” or the negative versions of these words or other
comparable words thereof. These may include financial projections
and estimates and their underlying assumptions, statements about
plans, objectives and expectations with respect to future
operations, statements regarding future performance, statements
regarding economic and market trends and statements regarding
identified but not yet closed investments. Such forward-looking
statements are inherently uncertain and there are or may be
important factors that could cause actual outcomes or results to
differ materially from those indicated in such statements. BCRED
believes these factors also include but are not limited to those
described under the section entitled “Risk Factors” in its
prospectus, and any such updated factors included in its periodic
filings with the Securities and Exchange Commission (the “SEC”),
which are accessible on the SEC’s website at www.sec.gov. These
factors should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements that are included
in this document (or BCRED’s prospectus and other filings). Except
as otherwise required by federal securities laws, BCRED undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future
developments or otherwise.
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Media Mariel Seidman-Gati
Mariel.seidmangati@blackstone.com +1 917-698-1674
Blackstone (NYSE:BX)
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