Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 672

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 672
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202420232022Undistributed net investment income (loss)$54,084 $32,895 $60,532 Accumulated net realized gain (loss)$(39,560)$(15,911)$(58,963)Paid In Capital$(14,524)$(16,984)$1,569 During the years ended December 31, 2024, 2023 and 2022, permanent differences were principally related to $14.5 million, $16.8 million and $1.4 million, respectively, of U.S. federal excise taxes and $0.0 million, $0.2 million and $0.2 million, respectively, of non-deductible offering costs.For tax purposes, the Company may elect to defer any portion of a post-October capital loss or late-year ordinary loss to the first day of the following fiscal year. As of December 31, 2024, 2023 and 2022, there were none. The following reconciles the increase in net assets resulting from operations to taxable income for the years ended December 31, 2024, 2023 and 2022:For the Year Ended December 31, 2024 (1)20232022Net increase (decrease) in net assets resulting from operations$694,097 $611,951 $404,556 Net change in unrealized (appreciation) depreciation13,485 54,573 122,149 Realized gains (losses) for tax not included in book income4,362 (917)(60)Non-deductible capital gains based incentive fees— (5,506)(11,883)Other non-deductible expenses and excise taxes14,524 16,984 1,542 Realized losses for tax not recognized10,674 — — Taxable/distributable income$737,142 $677,085 $516,304 (1)Tax information for the fiscal year ended December 31, 2024 is estimated and is not considered final until the Company files its tax return.The components of accumulated gains (losses) as calculated on a tax basis for the years ended December 31, 2024, 2023 and 2022 were as follows:For the Year Ended December 31, 202420232022Distributable ordinary income$413,107 $281,140 $104,577 Distrib