Blackstone Lowers Monthly Payments to Investors in Its Private Credit Fund

Blackstone Private Credit Fund (BCRED) cut its monthly payout from $0.20 to $0.18 per share starting July. Announced June 23, the 10% drop hits a fund sold to everyday investors as a source of steady income. Whether lower interest payments or rising loan defaults caused it, Blackstone faces questions on its July 23 earnings call.