Blackstone / GSO Strategic Credit Fund Hosts Investor Call On November 14th, 2012

Blackstone / GSO Strategic Credit Fund (the “Fund”) (NYSE: BGB) announces a conference call for investors to discuss the Fund’s investment positioning and market outlook.

Date: November 14, 2012Time: 4:00 p.m. ESTDial-in Number: 866.395.6628Conference ID: 69443530

A replay call will be available until December 14, 2012:

Replay Number: 855.859.2056Conference ID: 69443530

Please refer to www.blackstone-gso.com/bgb for additional information from this call.

Blackstone / GSO Strategic Credit Fund

The Fund is a non-diversified, closed-end management investment company that is managed by GSO / Blackstone Debt Funds Management LLC, a subsidiary of The Blackstone Group L.P. and GSO Capital Partners LP. The Fund’s primary 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. There can be no assurance the Fund will achieve its investment objectives. Additional information is available at www.blackstone-gso.com/bgb.

About The Blackstone Group and GSO Capital Partners

Blackstone is one of the world’s leading investment and advisory firms with total assets under management of $205 billion. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-oriented funds and closed-end funds. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services.

Blackstone’s credit business, GSO Capital Partners LP, with over $55 billion of assets under management, is one of the largest credit-oriented alternative asset managers in the world and a major participant in leveraged finance. GSO specializes in collateralized loan obligation vehicles (CLOs) and credit-oriented funds, which include leveraged loans, special situations, mezzanine, distressed, secondary market and rescue financing credit strategies.

Further information is available at www.blackstone.com. Follow us on Twitter @Blackstone.

Blackstone / GSO Strategic Credit Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since its initial public offering, the Fund has traded on the New York Stock Exchange under the symbol BGB. Investors wishing to buy or sell shares need to place orders through an intermediary or broker.

Contact the Fund at 1-877-299-1588 or visit the Fund’s website at www.blackstone-gso.com/bgb for additional information.

Copyright Business Wire 2010

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