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Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions
Business Wire (Fri, 12-Jun 4:15 PM ET)
Blackstone / GSO Strategic Credit Fund (“BGB” or herein, the “Fund”) is a closed-end fund that trades on the New York Stock Exchange under the symbol “BGB”. BGB’s primary investment 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. BGB invests primarily in a diversified portfolios or loans and other fixed income instruments of predominantly US Corporate issuers, including first-and second-lien loans (“Senior Secured Loans”) and high yield corporate bonds of varying maturities. BGB must hold no less than 80% of its Managed Assets in credit investments comprised of corporate fixed income instruments and other investments (including derivatives) with similar economic characteristics.
Blackstone/Gso Strategic Credit trades on the NYSE stock market under the symbol BGB.
As of June 26, 2026, BGB stock price climbed to $11.28 with 64,940 million shares trading.
BGB has a beta of 0.37, meaning it tends to be less sensitive to market movements. BGB has a correlation of 0.30 to the broad based SPY ETF.
BGB has a market cap of $503.98 million. This is considered a Small Cap stock.
In the last 3 years, BGB traded as high as $12.69 and as low as $10.47.
BGB has underperformed the market in the last year with a return of +1.5%, while the SPY ETF gained +20.4%. In the last 3 month period, BGB fell short of the market, returning +2.8%, while SPY returned +13.3%. However, in the most recent 2 weeks BGB has outperformed the stock market by returning +0.8%, while SPY returned -1.5%.
BGB support price is $11.23 and resistance is $11.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BGB shares will trade within this expected range on the day.