BNY Mellon Appointed by new Blackstone Fund
16 November 2010 New York
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BNY Mellon has been appointed dividend agent, transfer agent, custodian and service provider for other related services for the Blackstone / GSO Senior Floating Rate Term Fund, a new closed-end fund that trades on the New York Stock Exchange under the symbol "BSL."
In its role, BNY Mellon will provide a variety of services, including the safekeeping of the assets held in the fund, helping to calculate and process dividends, and produce records for shareholder reports. ALPS Fund Services,Inc. serves as administrator to the Fund and is responsible for calculating the net asset value of the common shares and generally managing the administrative affairs of the fund.
"This mandate highlights our company's ability to meet all of the diversified servicing needs of the fund management industry, regardless of the type, size or structure of the funds we service," said Debra A. Baker, managing director and head of collateral debt obligations at BNY Mellon Corporate Trust. "Given our longstanding relationship with GSO Capital Partners, we are pleased to have worked with Blackstone / GSO on the launch of this new fund and look forward to working with them moving forward."
In its role, BNY Mellon will provide a variety of services, including the safekeeping of the assets held in the fund, helping to calculate and process dividends, and produce records for shareholder reports. ALPS Fund Services,Inc. serves as administrator to the Fund and is responsible for calculating the net asset value of the common shares and generally managing the administrative affairs of the fund.
"This mandate highlights our company's ability to meet all of the diversified servicing needs of the fund management industry, regardless of the type, size or structure of the funds we service," said Debra A. Baker, managing director and head of collateral debt obligations at BNY Mellon Corporate Trust. "Given our longstanding relationship with GSO Capital Partners, we are pleased to have worked with Blackstone / GSO on the launch of this new fund and look forward to working with them moving forward."
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