Blackstone's Private Credit Fund Trims Monthly Payout 10%

Blackstone Private Credit Fund (BCRED) cut its monthly distribution from $0.20 to $0.18 per share, effective July. Announced June 23, the 10% reduction affects a fund sold to individuals promising steady income. Falling floating-rate coupons or rising credit costs could be the cause — a question Blackstone faces on its July 23 Q2 earnings call.