Mariner Investment Group Lowers stake in Blackstone / GSO Strategic Credit Fund (BGB)

Blackstone / GSO Strategic Credit Fund (BGB) : Mariner Investment Group reduced its stake in Blackstone / GSO Strategic Credit Fund by 18.68% during the most recent quarter end. The investment management company now holds a total of 641,465 shares of Blackstone / GSO Strategic Credit Fund which is valued at $9,044,657 after selling 147,371 shares in Blackstone / GSO Strategic Credit Fund , the firm said in a disclosure report filed with the SEC on May 3, 2016.Blackstone / GSO Strategic Credit Fund makes up approximately 2.51% of Mariner Investment Group’s portfolio.

Other Hedge Funds, Including , State Of New Jersey Common Pension Fund D boosted its stake in BGB in the latest quarter, The investment management firm added 160,000 additional shares and now holds a total of 460,000 shares of Blackstone / GSO Strategic Credit Fund which is valued at $6,403,200. Blackstone / GSO Strategic Credit Fund makes up approx 0.03% of State Of New Jersey Common Pension Fund D’s portfolio. Davenport Co sold out all of its stake in BGB during the most recent quarter. The investment firm sold 10,500 shares of BGB which is valued $146,160.Punch Associates Investment Management boosted its stake in BGB in the latest quarter, The investment management firm added 19,825 additional shares and now holds a total of 482,069 shares of Blackstone / GSO Strategic Credit Fund which is valued at $6,710,400. Blackstone / GSO Strategic Credit Fund makes up approx 0.81% of Punch Associates Investment Management’s portfolio.

Blackstone/GSO Strategic Credit Fund (BGB) is a non-diversified closed-end fund. The Fund’s investment objective is to seek high current income with a secondary objective to seek preservation of capital consistent with its primary goal of high current income. BGB invests primarily in portfolios or loans and other fixed income instruments of predominantly United States Corporate issuers including first-and second-lien loans (Senior Secured Loans) and high yield corporate bonds of varying maturities. BGB must hold no less than 80% of its managed assets in credit investments comprising corporate fixed income instruments and other investments with similar economic characteristics. GSO/Blackstone Debt Funds Management LLC is the investment adviser for BGB.

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