Blackstone Loan Share Price (BGLF)

After the windup redemption of share holdings I was left with 55 shares in my account. This has now disappeared and the holding is 0 shared. Can anybody advise me ?

Thanks damofarl.

I was wondering if it might be absorbed into BX. My other thought was it might have gone into BXSL, Blackstone Secured Lending Fund, 9% yield. SP is near a 12 month high so I will wait to see if the price drops. Appears to have a better quality loan book than BGLF did. Can't find the info right now but I thought I saw BXSL had a NAV premium rather than discount which is a bit off-putting.

For now I am going into boring safe gilts pay just below 5%. There's no cgt on gilts so only the coupon is taxable. If follows that low coupon gilts at a discount may suit UK taxpayers. I am not a UK taxpayer.

Patof: it will be absorbed into the main BX co, and whilst I followed your train of thought , the yield isn't in the same ballpark, so elsewhere it is.

Does anyone know what the 2% remaining stub is?

Similar experience to me. I was a long term holder and added significantly over the years because of the bumper yield. Initially I invested in Carador which was rolled over into to Blackstone in 2018/2019.

Agree we have been shafted by the BoD who are no doubt being congratulated by their masters Blackstone. I voted No but sadly not enough others had the backbone.

I'm considering other CLO type investments with the proceeds; Eagle Point Income Co Inc (EIC) paying 15% yield springs to mind but it is another relatively small cap so could be volatile. Because of the turbulence in the markets for the time being I may just put most of the proceeds in a short term gilt and bide my time

Does anyone know which Blackstone fund BGLF will be subsumed in to? There is an argument to reinvest in that fund given they got such a good deal at our expense.