Blackstone Private Credit Fund Special Dividend to be Issued at $0.07 per Share
21 July 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 previously declared special distribution
of $0.05 per share plus additional estimated undistributed net
investment income in excess of $0.05 per share available as of the
record date for the distribution will be set at $0.07 per share for
each class of the Fund’s shares. The Fund’s Board of Trustees
declared the special distribution, which will be available as of
the record date of August 21, 2022 and will be paid on or about
September 1, 2022.
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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Mariel Seidman-Gati Mariel.seidmangati@blackstone.com +1
917-698-1674
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