Company: BXSL
Filing Date: 2025-04-24
Form Type: 40-APP/A
Source: 0001193125-25-093651
Chunk: 17

Company: Blackstone Secured Lending Fund
Filing Date: 2025-04-24
Form: 40-APP/A
Chunk 17
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 normal circumstances, BMACX will invest directly or indirectly at least 80% of its total assets in private credit investments (loans, bonds and other credit-oriented investments) and other investments that are expected to (i) make regular distributions, dividends or interest payments and (ii) generate returns primarily from income (including investments in insurance companies that meet these criteria), in each case, that are issued in private offerings or issued by private companies.

| 11 | The board of trustees or directors, as applicable (each, a “Board”), of each Future                                                                                         
 Regulated Fund will consist of a majority of members who are not “interested persons” of such Future Regulated Fund within the meaning of Section 2(a)(19) of the 1940 Act. |

3

BMACX’s business and affairs are managed by its Board, which oversees BMACX’s investment activities, financing arrangements and corporate governance. The Board consists of five members, four of whom are Non-InterestedTrustees of BMACX.

| D. | BGX |

BGX is a Delaware statutory trust formed on October 22, 2010 and is structured as an externally managed, diversified, closed-endmanagement investment company. BGX has elected to be treated for federal income tax purposes, and intends to qualify annually, as a RIC under Subchapter M of the Code. BGX’s principal place of business is 345 Park Avenue, New York, New York 10154. BGX’s investment objectives are to provide current income, with a secondary objective of capital appreciation. BGX seeks to achieve its investment objectives by employing a dynamic long-short strategy in a diversified portfolio of loans and fixed-income instruments of predominantly U.S. corporate issuers, including first- and second-lien secured loans and high-yield corporate debt securities of varying maturities. BGX’s short positions, either directly or through the use of derivatives, may total up to 30% of the BGX’s net assets. Under normal market conditions, at least 80% of the BGX’s total assets will be invested in senior, secured floating rate loans. BGX’s business and affairs are managed under the direction of its Board. The Board consists of five members, four of whom are Non-InterestedTrustees of BGX.

| E. | BSL |

BSL is a Delaware statutory trust formed on March 4, 2010 and is structured as an externally managed, diversified, closed-endmanagement investment company. BSL has elected to be