Scs Capital Management Lowers stake in Blackstone / GSO Strategic Credit Fund (BGB)

Blackstone / GSO Strategic Credit Fund (BGB) : Scs Capital Management reduced its stake in Blackstone / GSO Strategic Credit Fund by 78.37% during the most recent quarter end. The investment management company now holds a total of 18,716 shares of Blackstone / GSO Strategic Credit Fund which is valued at $263,334 after selling 67,808 shares in Blackstone / GSO Strategic Credit Fund , the firm said in a disclosure report filed with the SEC on May 12, 2016.Blackstone / GSO Strategic Credit Fund makes up approximately 0.01% of Scs Capital Management’s portfolio.

Other Hedge Funds, Including , Blume Capital Management boosted its stake in BGB in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 3,200 shares of Blackstone / GSO Strategic Credit Fund which is valued at $45,024. Blackstone / GSO Strategic Credit Fund makes up approx 0.03% of Blume Capital Management’s portfolio.Bessemer Group Inc reduced its stake in BGB by selling 55,000 shares or 4.84% in the most recent quarter. The Hedge Fund company now holds 1,080,616 shares of BGB which is valued at $15.2 Million. Blackstone / GSO Strategic Credit Fund makes up approx 0.09% of Bessemer Group Inc’s portfolio.Landscape Capital Management L.l.c. reduced its stake in BGB by selling 13,662 shares or 30.39% in the most recent quarter. The Hedge Fund company now holds 31,299 shares of BGB which is valued at $440,377. Blackstone / GSO Strategic Credit Fund makes up approx 0.05% of Landscape Capital Management L.l.c.’s portfolio. Rmb Capital Management sold out all of its stake in BGB during the most recent quarter. The investment firm sold 20,301 shares of BGB which is valued $285,635. Newgate Capital Management sold out all of its stake in BGB during the most recent quarter. The investment firm sold 49,571 shares of BGB which is valued $690,028.

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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