Company: BXSL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001736035-25-000013
Chunk: 336

Company: Blackstone Secured Lending Fund
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 336
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 increase (decrease) in net assets from capital share transactions0.11 0.02 Total increase (decrease) in net assets0.00 0.21 Net asset value, end of period$27.39 $26.87 Market value, end of period$32.36 $31.15 Shares outstanding, end of period227,818,928 191,874,419 Total return based on NAV (3)2.8 %3.4 %Total return based on market value (4)2.6 %15.9 %Ratios:Ratio of net expenses to average net assets (5)10.5 %10.7 %Ratio of net investment income to average net assets (5)12.2 %12.8 %Portfolio turnover rate5.3 %1.8 %Supplemental Data:Net assets, end of period$6,240,869$5,155,665Asset coverage ratio184.2 %197.3 %(1)The per share data was derived by using the weighted average shares outstanding during the period.(2)The per share data for distributions was derived by using the actual shares outstanding at the date of the relevant transactions (refer to Note 9).(3)Total return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions are reinvested in accordance with the DRIP) divided by the beginning NAV per share. Total return does not include sales load.(4)Total return based on market value is calculated as the change in market value per share during the respective periods, taking into account distributions, if any, reinvested in accordance with the DRIP.(5)Amounts are annualized except for amounts relating to excise tax expense. For the three months ended March 31, 2025 and 2024, the ratio of total operating expenses to average net assets was 10.5% and 10.7%.

The following is information about the Company’s senior securities as of the dates indicated in the table below: Class and PeriodTotal Amount Outstanding Exclusive of Treasury Securities (1)Asset Coverage per Unit (2)Involuntary Liquidating Preference per Unit (3)Average Market Value per Unit (4)Subscription FacilityMarch 31, 2025$— $— —N/ADecember 31, 2024— — —N