Sit Investment Associates Inc. Reports New 6.2% Passive Stake in Blackstone Strategic Credit 2027 Term Fund

On April 6, 2026, Sit Investment Associates, Inc. (SIA) and its subsidiary, Sit Fixed Income Advisors II, LLC (SFI), filed a Schedule 13G reporting a new 6.2% ownership stake in Blackstone Strategic Credit 2027 Term Fund (BGB). The filers reported beneficial ownership of 2,753,133 shares of common stock as of the event date on March 31, 2026. This position represents a significant increase from a previously reported 0.0% holding, indicating a new passive investment. Both SIA and SFI are registered investment advisers that provide management services to various client accounts. The filing specifies that the shares are held in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The ownership percentage is calculated based on 44,678,740 shares outstanding as of December 31, 2025. SIA and SFI share voting and dispositive power over the reported shares but disclaim beneficial ownership pursuant to Rule 13d-4.