Dated as of October 23, 2020 (October 27th, 2020). At the time, GSO had $9.6 billion in … By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. Companies use dividend yields in different strategic ways. Thank you for subscribing! Through January 31, 2022, GSO / Blackstone Debt Funds Management LLC (“GSO / Blackstone”) has agreed to waive its fees and/or reimburse certain expenses of the Fund to the extent that certain of the Fund’s specified expenses would exceed the total expense cap … His former partner Tripp Smith has been investing and fundraising off a bet on increased market dislocation at his own shop Iron Park Capital. Blackstone is a global leader in real estate investing. Our Strategies Note: All figures as of September 30, 2020, unless otherwise indicated. About. Hedge Fund Sues Hovnanian, Blackstone’s GSO Over ‘Manipulation’ January 15, 2018 : Permanent Link (Bloomberg) Hedge fund Solus Alternative Asset Management sued homebuilder Hovnanian Enterprises Inc. and Blackstone Group’s GSO Capital Partners, accusing them of manipulating the market on insurance tied to Hovnanian’s debt. Blackstone / GSO Loan Financing Limited is a self-managed Jersey registered alternative investment fund, and is regulated by the Jersey Financial Services Commission. Blackstone / GSO's dividend yield last year was 8.01%, which has since declined by 1.08%. NEW YORK, Dec. 9, 2020 /PRNewswire/ -- GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP (collectively, and together with their affiliates in … Blackstone / GSO also announced that shareholders on the company's books on or before December 23, 2020 are entitled to the dividend. Blackstone / GSO Debt Funds Management Europe Ltd., part of The Blackstone Group, Inc., is an Irish company located in Dublin that provides investment advice. GSO offers analysts a chance to work on investments across the capital structure as an industry generalist. Typically, companies will announce and implement new dividend yields on a quarterly basis. The stock will then go ex-dividend 1 business day(s) before the record date. On December 9, 2020, Blackstone / GSO (NYSE:BGB) declared a dividend payable on December 31, 2020 to its shareholders. As of June 30, 2008 the combined group had approximately $25 billion of assets under management. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. There is a small intermission period before the company announces a new dividend. Private equity firm Blackstone Group LP's credit arm GSO Capital Partners is seeking US$7.5bn for its fourth subordinated debt vehicle, according to … Melissa Mangan. “This name change reflects what has already happened in our business,” Blackstone Credit’s global head Dwight Scott said in the statement. The … As the largest alternative investment firm in the world, Blackstone specializes in private equity, credit, and hedge fund investment strategies. Have a confidential tip for our reporters? Blackstone/GSO Strategic Credit Fund (NYSE:BGB) declares $0.016/share special dividend.Payable Jan. 29; for shareholders of record Dec. Become an FT Subscriber. Blackstone, GSO Capital Partners acquire stake in Crestwood Midstream Partners June 26, 2008 : Permanent Link RTT News- Pipeline company Crestwood Midstream Partners LLC said Wednesday that Blackstone Group and its hedge fund GSO Capital Partners L.P. have acquired ownership interests in … Doug Ostrover, the last of the founding trio, charted the most successful breakaway with Owl Rock Capital Partners, which has quickly established itself as one of the leading names in the world of private credit. Alysse Godino. Enhance Your Life Podcast - Dial A Cannabis Nur... Shaman Claus: The Shamanic Origins of Christmas, Privacy Policy / Do Not Sell My Personal Data. In contrast to GSO’s recent performance, a Blackstone-backed hedge fund recorded one of its best-ever months with bets in corporate distress as … Blackstone / GSO also announced that shareholders on the company's books on or before December 23, 2020 are entitled to the dividend. Alan Kerr has been the CEO since then. GSO, of New York, is a credit-oriented asset manager that Blackstone acquired in 2008 for roughly $1 billion. The firm was founded in 2012. Private Company Blackstone Group Inc. has retired the GSO name, the end of a chapter for one of the credit world’s most famous outfits. On Monday, Blackstone / GSO Loan Financing Limited (BGLF:LSE) closed at 0.6975, -17.94% below its 52-week high of 0.85, set on Jan 22, 2020. A daily collection of all things fintech, interesting developments and market updates. GSO Capital Partners | The Blackstone Group. BGX | A complete Blackstone/GSO Long-Short Credit Income Fund mutual fund overview by MarketWatch. Blackstone Senior Floating Rate Term BSL Rating as of Nov 30, 2020. Melissa Mangan Student at DeVry University. Create one. To read more about Blackstone / GSO click here. The Blackstone Group Inc. is an American private equity alternative investment management firm. It’s the end of a partnership that reshaped business at Blackstone after it acquired GSO in 2008, and rode a roaring credit cycle that helped the unit turn into a spigot of profits for the alternative asset manager. Blackstone / GSO also announced that shareholders on the company's books on or before December 23, 2020 are entitled to the dividend. Blackstone / GSO Floating Rate Enhanced Income Fund Fund Summary September 30, 2019 (Unaudited) 4 www.bgfrei.com Fund Overview Blackstone / GSO Floating Rate Enhanced Income Fund (“BGFREI” or herein, the “Fund”) is a non‐diversified, closed‐end management investment Blackstone / GSO Strategic Credit Fund (“BGB” or herein, the “Fund”) is a closed‐end term fund that trades on the New York Stock Exchange under the symbol “BGB”. The move follows the departure of previous heads of the business, who each started their own competing ventures away from the investing behemoth. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. The firm invests across a variety of credit oriented strategies and products including collateralized loan obligation vehicles investing in secured loans, hedge funds focused on special situations investments, mezzanine debt funds and private equityfunds focused o… In March of 2008 GSO was acquired by The Blackstone Group and Blackstone's debt investment businesses were added to GSO's operations. John Capperella The SPDR Blackstone / GSO Senior Loan ETF (the "Fund") seeks to provide current income consistent with the preservation of capital. Blackstone seeks to utilize their global expertise and presence to generate attractive returns for investors in any environment, and to make a positive impact on the communities in which they invest. This figure does not include the AUM of Harvest Fund Advisors and Blackstone Insurance Solutions, which are […] The company's current dividend payout is $0.07, which equates to a dividend yield of 6.93% at current price levels. GSO is one of the largest credit-oriented alternative asset managers in the world and a major participant in the leveraged finance marketplace. New Virus Strain’s Transmissibility to Cause More Deaths: Study, Musk Says It’s ‘Impossible’ to Take Tesla Private, Mulls New IPO, Cyberpunk Maker CD Projekt Sued by Investor Over Botched Launch, The North Carolina Kid Who Cracked YouTube’s Secret Code, Why JPMorgan Private Bank Is Saying ‘Tis the Season to Lever Up. Issuer: Blackstone / GSO Secured Lending Fund Debt Level: senior unsecured Issue: USD 400 mln 3.65% bond/note 14-jul-2023 772 828-2943 772 342-6400 561 440-9940 anthonycap61@gmail.com. Alysse Godino Creator of Saffron Money. Just last week, Bennett Goodman, the “G” in GSO, announced the formation of a new firm called Hunter Point Capital. Usually, a company's ex-dividend date falls one business day before its record date. Experience Everything you need to know about the market - quick & easy. Over the past year, Blackstone / GSO has seen its dividend payouts and yields descend downward overall. John Capperella. View mutual fund news, mutual fund market and mutual fund interest rates. Don't have a Benzinga account? Blackstone Group Inc. leaned on a rival firm to part ways with one of its former senior executives in an unusual rebuke that the private equity giant said is the first such dispute in its history. “Clients and issuers see us as part of Blackstone.”. Blackstone / GSO has an ex-dividend date set for for December 22, 2020. Blackstone / GSO Secured Lending Fund – REGISTRATION RIGHTS AGREEMENT by and among Blackstone / GSO Secured Lending Fund, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc. Before it's here, it's on the Bloomberg Terminal. If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. This Registration Rights Agreement (this “Agreement”) is made and entered into as of October 23, 2020, … Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. NEW YORK, Dec. 9, 2020 /PRNewswire/ -- GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP (collectively, and together with their affiliates in the credit-focused business of The Blackstone Group, Inc., “Blackstone Credit”), announced monthly distributions for the three listed closed-end funds it advises, Blackstone / GSO Senior Floating Rate Term Fund … Last year on November 19, 2020 the company's payout sat at $0.08, which has since decreased by $0.01. The $135 billion unit will now be called Blackstone Credit, All three founders have left to start their own firms. An Inside Look at Core+ Real Estate: Burbank *Figure reflects the AUM only of the Blackstone Credit business. GSO Capital Partners will be rebranded as Blackstone Credit, the firm said Monday, a symbolic change that underscores the pace of change atop the $135 billion unit. Some companies may opt to not give yields altogether to reinvest in themselves. An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. Blackstone Group Inc. has retired the GSO name, the end of a chapter for one of the credit world’s most famous outfits. GSO Capital Partners will be rebranded as Blackstone … Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market. GSO Capital Partners is an American privately owned hedge fund and the credit investment arm of The Blackstone Group. 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