SCHEDULE: Bank of America Discloses 4.4% Stake in Blackstone Credit Fund

Bank of America Corporation has reported a 4.4% beneficial ownership stake in Blackstone Strategic Credit 2027 Term Fund as of December 31, 2025.

Summary

• Bank of America Corporation reported beneficial ownership of 1,944,492 shares of Common Stock in Blackstone Strategic Credit 2027 Term Fund.
• This ownership represents 4.4% of the fund's total outstanding shares.
• The beneficial ownership was reported as of December 31, 2025.
• The calculation of beneficial ownership relies on 44,664,382 outstanding shares, which the issuer disclosed in a Form N-CSR on September 4, 2025, reporting share totals as of June 30, 2025.
• Bank of America holds shared voting power over 12,997 shares and shared dispositive power over all 1,944,492 shares.
• This filing is an Amendment No. 1 to a Schedule 13G, indicating a previous ownership disclosure.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive disclosure. While a 13G is a routine filing, Bank of America's significant stake in the Blackstone fund could be interpreted as a positive signal for the fund's stability and investment strategy.

Positives

• A significant ownership stake (4.4%) by a major financial institution like Bank of America Corporation in the Blackstone Strategic Credit 2027 Term Fund can be viewed as a vote of confidence in the fund's strategy and management.
• The acquisition of shares in the ordinary course of business suggests a strategic investment or client-related holding rather than an activist position, implying stability.

Negatives

• The filing itself does not present any negative information regarding the issuer or the reporting person.

Risks

• The filing does not explicitly mention risks related to the Blackstone Strategic Credit 2027 Term Fund; it is a disclosure of ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that a significant ownership stake by a major financial institution like Bank of America in a specialized credit fund such as Blackstone Strategic Credit 2027 Term Fund often reflects institutional portfolio allocation strategies. This type of investment can signal confidence in the fund's specific credit strategy and its role within a diversified investment portfolio, aligning with broader trends of institutional investors seeking exposure to alternative credit markets.

Related Party Transactions

• Bank of America Corporation is filing this Schedule 13G on behalf of itself and its wholly-owned subsidiaries, BofA Securities, Inc. and Merrill Lynch Pierce Fenner & Smith, Inc., both registered broker-dealers, indicating that the beneficial ownership is held through these related entities.

Stakeholder Impact

• Shareholders of Blackstone Strategic Credit 2027 Term Fund: The disclosure of a significant institutional holder like Bank of America may provide a sense of stability and institutional backing for the fund.
• Bank of America Shareholders: The investment represents a portion of Bank of America's overall investment portfolio, reflecting its strategic asset allocation.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of beneficial ownership by Bank of America Corporation. It indicates a significant, but not controlling, stake in the Blackstone Strategic Credit 2027 Term Fund, held in the ordinary course of business. There are no new financial performance metrics or strategic shifts disclosed that would warrant a change in investment thesis for either Bank of America or the Blackstone fund based solely on this filing. Investors should consider this as a confirmation of institutional interest rather than a catalyst for immediate action.

Keywords

Bank of America, Blackstone Strategic Credit 2027 Term Fund, Schedule 13G, beneficial ownership, common stock, investment, financial institution, credit fund