Blackstone Secured Lending Fund Reports First Quarter 2023 Results
Blackstone Secured Lending Fund (NYSE: BXSL) (the “Company”) today reported its first quarter 2023 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, “BXSL reported another quarter of robust results including strong credit performance, growth in net asset value, and rising investment income. BXSL’s net investment income again exceeded the quarterly dividend of $0.70 per share, which represents an annualized yield of 10.7% on first quarter net asset value, which was up from the prior quarter to $26.10. The quarterly dividend was increased 17% last quarter and has increased over 30% since the Fund’s IPO in late 2021 due to material growth in investment income and solid credit performance from its portfolio of predominantly first lien senior secured loans.”