Blackstone Long-Short Credit Income Fund (BGX) Form SCHEDULE 13D — Oct 21, 2026
Saba Capital Management, Boaz Weinstein's activist firm, filed a Schedule 13D disclosing a 5.87% stake (745,595 shares) in Blackstone Long-Short Credit Income Fund, acquired for approximately $7,875,427 via open-market purchases between September 8 and October 20, 2026. The stated purpose is that the shares are undervalued, but Saba explicitly reserves the right to engage the Board on governance, board seats, the discount to net asset value, buy-backs, tenders, liquidation, or even replacing the Fund's investment manager.
Key figures
- Shares Outstanding
- 12708275
- Percent of class
- 5.87%
- Aggregate purchase cost
- $7,875,427
- Recent trade price range
- $10.39 - $10.70
- Avg purchase price approx
- $10.56
- Shares beneficially owned
- 745595
AI analysis
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