Blackstone / GSO Senior Floating Rate Term Fund approves extension to May 2027
Shareholders of the Fund approved extending its term by five years, moving the scheduled dissolution date from May 31, 2022 to May 31, 2027, and approved a charter amendment allowing future extensions longer than two years. The Adviser and ALPS Fund Services will keep their reduced management and administrator fees in place until May 31, 2027, and the Fund may repurchase up to 15% of outstanding shares if they trade at a sustained discount to NAV.
Key points
- Scheduled dissolution date moves from May 31, 2022 to May 31, 2027
- Management and administrator fees remain at reduced rates until May 31, 2027
- Fund may repurchase up to 15% of outstanding shares in the open market if shares trade at a sustained discount to NAV
- Press release dated February 19, 2020
The filing
Written by AI on Nov 9, 2026, 10:08 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 February 21, 2020.
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.