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Blackstone / GSO Strategic Credit Fund Declares Monthly Distribution Of $0.117 Per Share

Blackstone / GSO Strategic Credit Fund (the “Fund”) (NYSE: BGB) announced the declaration of monthly distributions of $0.117 per common share, payable on the dates noted below. Based on the Fund’s initial public offering price of $20.00 per share and current share price of $17.84 (as of its close on August 22, 2013), the distributions represent an annualized yield of 7.02% and 7.87% respectively.

BGB’s strategy provides the manager the flexibility to allocate between floating rate loans and high yield bonds based on the manager’s view of relative value. With an asset composition of just over 75% floating rate loans, we believe that the Fund is well positioned to take advantage of a potential rise in interest rates.

The following dates apply to the distributions declared:

Ex-Date: September 18, 2013
Record Date: September 20, 2013
Payable Date: September 30, 2013
Per Share Amount: $0.117
 
Ex-Date: October 16, 2013
Record Date: October 18, 2013
Payable Date: October 31, 2013
Per Share Amount: $0.117
 
Ex-Date: November 14, 2013
Record Date: November 18, 2013
Payable Date: November 29, 2013
Per Share Amount: $0.117
 

A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain or return of capital. The final determination of the source of these distributions will be made after the Fund’s year end.

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