Blackstone/GSO Loan Financing Limited invests, through Blackstone / GSO Corporate Funding Limited, in a portfolio of assets comprising of predominantly European senior secured loans and the most subordinated tranches of debt issued by collateralised loan obligations (“CLOs”, such tranches being “CLO Income Notes”) issued by CLOs that are managed by Blackstone / GSO Debt Funds Management Europe Limited.
Blackstone/GSO Loan Financing Limited is targeting an annual dividend of 8 per cent, with expectation for progressive growth, and a mid-teen total return over the medium term.
Blackstone/GSO Loan Financing Limited will target a dividend in respect of the period from admission to 31 December 2014, payable in February 2015, equating to a 6 per cent. annualised return and, thereafter, will target 2 per cent. a quarter equating to an 8 per cent. annualised return.
At the end of June 2017, the fund introduced a sterling quote for the shares (BGLP) which, apart from the currency that the shares are traded in, is exactly the same as BGLF. NB the underlying portfolio for BGLP is not hedged back into sterling.
You can access the fund’s website here