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BGX / BGX: Unsustainable Distribution Rate

The BGX fund is a long-short closed-end-fund that invests in high yield loans and bonds to generate income and capital gains. The fund's long-term distribution rate has far outstripped its modest returns, leading to shrinking NAV and distributions over time. Read More

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BGX

Unsustainable

Distribution

Rate

Stock

Posted: Dec 4 2022, 09:09

Author Name: Seeking Alpha

BGX News

By Seeking Alpha
June 15, 2023

The Quality Closed-End Fund Report, May 2023

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, HNW and BGX.

By Seeking Alpha
February 25, 2023

BGX: Long/Short Loan Fund That Is Actually Just Long

Blackstone Long-Short Credit Income Fund is a fixed income closed end fund. The vehicle is overweight floating rate loans, and has a high leverage rat

By Seeking Alpha
December 4, 2022

BGX: Unsustainable Distribution Rate

The BGX fund is a long-short closed-end-fund that invests in high yield loans and bonds to generate income and capital gains. The fund's long-term dis

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