Blackstone/GSO Long-Short Credit Income Fund changes investment guidelines, effective Jan. 3, 2017
The fund's Board of Trustees approved a change to its investment guidelines that removes the specific limit on long investments, while keeping short positions capped at 30% of net assets. The change is intended to take effect January 3, 2017, and the filing says leverage limits in the prospectus still cap long exposure. Shareholders should note the fund's stated strategy and risk profile are changing.
Key points
- Long investments will no longer have a specific limit; previously long positions were capped at 150% of net assets.
- Short positions, directly or through derivatives, remain limited to up to 30% of net assets.
- Previous aggregate long and short limit of 160% of net assets is replaced.
- Total leverage and short sales exposure will not exceed 40% of total assets (equivalent to 67% of net assets).
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 28, 2016.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.