We began covering the Blackstone Senior Floating Rate Term Fund (BSL) in early January 2023 in an effort to find a high-yield investment vehicle which would benefit from ongoing higher interest rates.
BSL yields 9.53% and pays monthly. Management has raised the monthly dividends three times in the past five months. BSL and some other floating rate funds are selling at deeper than historic discounts ...
When the COVID-19 pandemic arrived in the United States in 2020, the American research community experienced a sudden spike in funding. Universities, pharmaceutical companies, and state and federal ...