Company: BXSL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001736035-25-000013
Chunk: 335

Company: Blackstone Secured Lending Fund
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 335
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Total distributions$5,130 165,096 

The following table summarizes the amounts and shares issued to shareholders who have not opted out of the DRIP during the three months ended March 31, 2024 (dollars in thousands except share amounts):Payment DateDRIP Shares ValueDRIP Shares IssuedJanuary 26, 2024$5,614 206,465 Total distributions$5,614 206,465 

Share Repurchase PlanIn February 2023, the Board approved a share repurchase plan, under which the Company was authorized to repurchase up to $250 million in the aggregate of its outstanding Common Shares in the open market at prices below the Company’s NAV per share for a one-year term, in accordance with the guidelines specified in Rule 10b-18 of the Exchange Act (the “10b-18 Plan”). The 10b-18 Plan was not renewed and terminated by its terms on February 22, 2024. For the three months ended March 31, 2024, the Company did not repurchase any of its shares under the 10b-18 Plan.

Note 10. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:Three Months Ended March 31,20252024Net increase (decrease) in net assets resulting from operations$149,809 $183,755 Weighted average shares outstanding (basic and diluted)226,577,167 190,599,849 Earnings (loss) per common share (basic and diluted)$0.66 $0.96 

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Table of ContentsBlackstone Secured Lending FundNotes to Condensed Consolidated Financial Statements(Unaudited)(in thousands, except share amounts, per share data, percentages and as otherwise noted)

Note 11. Financial Highlights and Senior Securities

The following are the financial highlights for the three months ended March 31, 2025 and 2024: Three Months Ended March 31, 20252024Per Share Data (1):Net asset value, beginning of period$27.39 $26.66 Net investment income0.83 0.87 Net change in unrealized and realized gain (loss)(0.17)0.09 Net increase (decrease) in net assets resulting from operations0.66 0.96 Distributions from net investment income (2)(0.77)(0.77)Net