Blackstone / GSO Senior Floating Rate Term Fund Declares Monthly Distributions of $0.10 Per Share

NEW YORK--()--Blackstone / GSO Senior Floating Rate Term Fund (the “Fund”) (NYSE: BSL) announced the declaration of monthly distributions of $0.10 per common share, payable on the dates noted below. Based on the Fund’s current share price of $18.97 (as of its close on February 27, 2014), the distributions represent an annualized yield of 6.33%. The Fund seeks to pay stable distributions at rates that reflect net investment income actually earned and the projected future performance. The distribution change this month was made in order to better align the Fund’s distribution rate with its current level of earnings.

The following dates apply to the distributions declared:

Ex-Date: March 20, 2014
Record Date: March 24, 2014
Payable Date: March 31, 2014
Per Share Amount: $0.10

Ex-Date: April 21, 2014
Record Date: April 23, 2014
Payable Date: April 30, 2014
Per Share Amount: $0.10

Ex-Date: May 20, 2014
Record Date: May 22, 2014
Payable Date: May 30, 2014
Per Share Amount: $0.10

A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain or return of capital. The final determination of the source of these distributions will be made after the Fund’s year end.

The amounts and sources of distributions reported are only estimates and are not provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send to investors, a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes.

Blackstone / GSO Senior Floating Rate Term Fund

The Fund is a non-diversified, closed-end management investment company that is managed by GSO / Blackstone Debt Funds Management LLC, an affiliate of The Blackstone Group L.P. (“Blackstone”) and subsidiary of GSO Capital Partners LP (“GSO”). The Fund’s primary objective is to seek high current income with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. There can be no assurance the Fund will achieve its investment objectives. Additional information is available at www.blackstone-gso.com/bsl-index.php.

About The Blackstone Group and GSO Capital Partners

Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our credit business, GSO, with approximately $65 billion of assets under management as of December 31, 2013, is one of the largest credit-oriented alternative asset managers in the world and a major participant in leveraged finance. GSO specializes in collateralized loan obligation vehicles (CLOs) and credit-oriented funds, which include leveraged loans, special situations, mezzanine, distressed, secondary market and rescue financing credit strategies. Our other alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions and closed-end funds. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services.

Further information is available at www.blackstone.com. Follow us on Twitter @Blackstone.

Blackstone / GSO Senior Floating Rate Term Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since its initial public offering, the Fund has traded on the New York Stock Exchange under the symbol BSL. Investors wishing to buy or sell shares need to place orders through an intermediary or broker.

Contact the Fund at 1-877-299-1588 or visit the Fund’s website at www.blackstone-gso.com/bsl-index.php for additional information.

Contacts

Blackstone / GSO Senior Floating Rate Term Fund
Jane Lee, 877-876-1121

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Contacts

Blackstone / GSO Senior Floating Rate Term Fund
Jane Lee, 877-876-1121