Blackstone / GSO Long-Short Credit Income Fund (BGX) Stock

The Blackstone Long-Short Credit Income Fund offers a 9.57% yield, but this is lower than its peers due to recent distribution cuts. BGX's focus on floating-rate senior loans means it won't benefit from interest rate cuts but will suffer a declining income going forward. The market expects 6 25-basis points of cuts before the end of next year, so we can expect several distribution cuts.

The Blackstone Long-Short Credit Income Fund offers a high level of income with a 10.26% yield, comparable to other alternative credit funds. The fund has performed well, with a 6.97% appreciation in shares since the previous article was published. The fund's leverage is reasonable at 31.23% of its overall portfolio, and its distribution varies but is generally attractive.

Blackstone Long-Short Credit Income offers an attractive 11.83% yield, in line with other alternative debt closed-end funds. The BGX closed-end fund aims to be interest-rate neutral, reducing negative impacts from interest rate increases. The fund has performed well over the past three years, outperforming the Bloomberg U.S. Aggregate Bond Index.