Blackstone Liquid Credit Strategies, an affiliate of Blackstone Alternative Credit Advisors, made certain changes in trustee and officer positions, as well as the portfolio management team, for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund, Blackstone Long-Short Credit Income Fund and Blackstone Strategic Credit 2027 Term Fund._x000D_
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Effective Nov. 15, 2024, Robert Zable resigned from his positions as trustee and chairman of the boards of trustees and as president and CEO of the funds, and effective Nov. 15, 2024, the board appointed Daniel Leiter to these positions. Further, effective Nov. 15, 2024, Marisa Beeney resigned from her positions as chief legal officer and secretary of the funds, and effective Nov. 15, 2024, the board appointed Kevin Michel to these positions._x000D_
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BXCI also made changes to the Funds’ portfolio managers. Effective Nov. 15, 2024, Robert Zable and Gordon McKemie stepped down as portfolio managers of the funds, and Daniel McMullen and Meghan Fornshell became named portfolio managers of the funds. Robert Post remains a portfolio manager of the funds. Robert Zable has stepped down as a portfolio manager of the fund due to his upcoming resignation from BXCI. Gordon McKemie stepped down as portfolio manager because his role at BXCI has evolved away from the day-to-day management of the funds._x000D_
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Leiter is the head of international for Blackstone Credit & Insurance and the global head of liquid credit strategies (LCS). Prior to joining Blackstone in 2024, he worked at Morgan Stanley, where he was most recently a managing director in fixed income._x000D_
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Michel is a managing director in the legal and compliance group at Blackstone. He joined Blackstone in 2015 and is involved in the legal structuring and management of Blackstone’s retail-focused funds, with a particular focus on investment companies registered under the Investment Company Act of 1940._x000D_
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McMullen is a senior managing director and the head of loan strategies for Blackstone Credit & Insurance’s LCS group. He joined Blackstone in 2002 and is additionally the senior portfolio manager for LCS’ U.S. loan separately managed accounts, commingled funds and exchanged traded funds._x000D_
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Fornshell is a principal and a portfolio manager at Blackstone Credit & Insurance, focused on U.S. loan strategies. She joined Blackstone in 2018._x000D_
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There will be no change to the funds’ strategies, investment objectives or policies as a result of these changes.
Forward for Specialty Finance
