Blackstone Loan Financing has set a date for its extraordinary general meeting to go over details of its proposed managed wind-down with clients.
The firm's board of directors put forward suggestions to close the £301m trust last month, due to its persistent discount to net asset value. The board proposed a return to shareholders of the net proceeds from the realisation of the Company's investment in Blackstone Corporate Funding DAC, an Irish designated activity company which provides risk retention capital solutions, which the trust gains its investment exposure from. Blackstone Loan Financing proposes managed wind-down In a circular notice published today (25 August), Blackstone's board have called for an extraordinary gen...
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