Blackstone Global Loan Financing Limited : BGLF / BGLP

Blackstone Global Loan Financing Limited (formerly Blackstone/GSO Loan Financing Limited) invests in a portfolio of assets comprising of predominantly European senior secured loans and the most subordinated tranches of debt issued by collateralised loan obligations (“CLOs”, such tranches being “CLO Income Notes”) issued by CLOs that are managed by Blackstone.

The company is targeting an annual dividend of 8 per cent, with expectation for progressive growth, and a mid-teen total return over the medium term.

At the end of June 2017, the fund introduced a sterling quote for the shares (BGLP) which, apart from the currency that the shares are traded in, is exactly the same as BGLF. NB the underlying portfolio for BGLP is not hedged back into sterling.

You can access the fund’s website here