Blackstone's Private Credit Fund Cuts Monthly Distribution 10% to $0.18 per Share

Blackstone Private Credit Fund (BCRED) cut its Class I monthly distribution from $0.20 to $0.18 per share, effective July. Announced June 23, the 10% reduction hits a fund sold to individual investors on the premise of steady income. Whether it stems from falling floating-rate coupons or rising credit costs is the question Blackstone management faces on its July 23 Q2 earnings call.