Business & Finance
Tue, January 10, 2012
NEW YORK--([ BUSINESS WIRE ])--Blackstone / GSO Senior Floating Rate Term Fund (NYSE: BSL) and Blackstone / GSO Long-Short Credit Income Fund (NYSE: BGX) (each a aFunda and, together, the aFundsa) today announced that John R. OaNeill has resigned as a trustee of each Fund, effective January 5, 2012. Mr. OaNeill is resigning to pursue a potentially conflicting business opportunity. Mr. OaNeillas resignation was not due to any disagreement with either of the Funds on any matter relating to the Fundsa operations, policies or practices. Mr. OaNeill also served as chairman of each Fundas audit committee. The Boards of Trustees of the Funds expect to fill the resulting vacancy shortly.
Blackstone / GSO Senior Floating Rate Term 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. (aBlackstonea) and GSO Capital Partners LP (aGSOa). The Fundas primary objective is to seek high current income with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. There can be no assurance the Fund will achieve its investment objectives. Additional information is available at [ www.blackstone-gso.com/bsl-index.php ].
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 Blackstone and GSO. The Fundas 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 worldas 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 $33.6 billion of assets under management as of September 30, 2011, 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. The Blackstone Group 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 ].
Contact the Funds at 1-877-876-1121 or visit the Fundsa website at [ www.blackstone-gso.com ] for additional information.
Blackstone / GSO Senior Floating Rate Term Fund and Blackstone / GSO Long-Short Credit Income Fund are closed-end funds and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since their initial public offerings, the Funds have traded on the New York Stock Exchange under the symbol BSL and BGX, respectively.Investors wishing to buy or sell shares need to place orders through an intermediary or broker.
