Summary
BGX Chart
Income-Covered Closed-End Fund Report, August 2026
Quantitative screens highlight CEFs trading at wide discounts, negative z-scores, and high yields, offering both value and income potential. Metrics like premium/discount, coverage, leverage, and z-score are used to shortlist funds for further due diligence, not as final buy/sell recommendations. Funds such as BGX, PFO, and EFT consistently rank highly across discount, yield, and coverage screens, warranting closer investor attention.
BGX: Don't Bet On Distribution Hikes In The Near Term
The Blackstone Long-Short Credit Income Fund targets high current income via leveraged exposure to floating-rate senior loans and CLOs, yielding 9.09%. BGX's income and distribution sustainability hinge on interest rate direction; recent weak jobs data and political bias suggest rate hikes may be unlikely. Despite full net investment income coverage of distributions in 2025, BGX suffered capital losses and a 10.72% share price decline since May 2025.
The Triple-Factor Closed-End Fund Report, June 2026
The Triple-Factor CEF screen highlights funds with >6.5% yield, >90% coverage, and discounts to NAV, balancing income, sustainability, and value. Top candidates like VVR, BGX, and DHF offer double-digit discounts, strong coverage, and yields up to 11.6%, presenting potential for both income and capital appreciation. Negative z-scores across several funds indicate they are trading well below historical valuation ranges, suggesting possible mean reversion opportunities.
Blackstone Long-Short Credit Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 607,252 | $7.05M | $6.32M | -$730,979.81 | -10.36% |
| MBV Matthew B. Vawter NATIONS FINANCIAL GROUP Inc., /IA/ /ADV | 60,800 | $749,488.6 | $633,536 | -$115,952.6 | -15.47% |
| RAS Robert A. Saperstein Guggenheim Capital LLC | 502,148 | $6.26M | $5.23M | -$1.03M | -16.42% |
| FP Frank Poli COHEN & STEERS Inc. | 149,996 | $2.04M | $1.56M | -$473,422.98 | -23.25% |
 Bulldog Investors Bulldog Investors LLP | 185,505 | $2.01M | $1.93M | -$79,767.15 | -3.97% |
Blackstone Long-Short Credit Fund (BGX) FAQ
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