Business & Finance
Business and Finance
Business and Finance
Thu, May 26, 2011
Wed, May 25, 2011 Blackstone / GSO Long-Short Credit Income Fund Declares Monthly Distributions of $0.108 Per Share
NEW YORK--([ 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 Funda™s initial public offering price of $20.00 per share and current share price of $19.91 (as of close on May 24, 2011), the distributions represent an annualized yield of 6.48% and 6.51% respectively.
The following dates apply to the distributions declared:
| Ex-Date: June 15, 2011 |
| Record Date: June 17, 2011 |
| Payable Date: June 30, 2011 |
| Per Share Amount: $0.108 |
| Ex-Date: July 18, 2011 |
| Record Date: July 20, 2011 |
| Payable Date: July 29, 2011 |
| Per Share Amount: $0.108 |
| Ex-Date: August 16, 2011 |
| Record Date: August 18, 2011 |
| Payable Date: August 31, 2011 |
| Per Share Amount: $0.108 |
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, a subsidiary of The Blackstone Group and GSO Capital Partners LP. The Funda™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 ].
About The Blackstone Group and GSO Capital Partners
Blackstone is one of the worlda™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 over $31 billion of assets under management, 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 1-877-876-1588 or visit the Funda™s website at [ www.blackstone-gso.com/bgx ] for additional information.
