Company: BXSL
Filing Date: 2025-07-11
Form Type: N-2ASR
Source: 0001213900-25-063269
Chunk: 31

Company: Blackstone Secured Lending Fund
Filing Date: 2025-07-11
Form: N-2ASR
Chunk 31
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                                        |     | None(3) |
| Total shareholder transaction expenses (as a percentage of offering price) |     | —%      |

| Annual expenses (as a percentage of net assets attributable to common shares)(9): |     |           |
| Management Fee payable under the Investment Advisory Agreement                    |     | 2.18%(4)  |
| Incentive Fee payable under the Investment Advisory Agreement                     |     | 2.48%(5)  |
| Interest payments on borrowed funds                                               |     | 5.90%(6)  |
| Other expenses                                                                    |     | 0.47%(7)  |
| Total annual expenses                                                             |     | 11.03%(8) |

__________________________________ (1) In the event that the securities are sold to or through underwriters, a related prospectus supplement will disclose the applicable sales load (underwriting discount or commission). (2) A related prospectus supplement will disclose the estimated amount of offering expenses, the offering price and the estimated amount of offering expenses borne by the Company as a percentage of the offering price. (3) The expenses of the dividend reinvestment plan are included in “other expenses” in the table above. For additional information, see “ Dividend Reinvestment Plan ” in this prospectus. (4) The Management Fee is 1.0% of our average gross assets (excluding undrawn commitments but including assets purchased with borrowed amounts). We may from time to time decide it is appropriate to change the terms of the agreement. Under the 1940 Act, any material change to our Investment Advisory Agreement must be submitted to shareholders for approval. See “ Management and Other Agreements ” in this prospectus. The Management Fee reflected in the table is calculated by determining the ratio that the Management Fee bears to our net assets attributable to common shares (rather than our gross assets). The estimate of our Management Fee referenced in the table assumes that our average gross assets are 2.18x our average net assets. (5) The Incentive Fee will consist of two components, “Income based incentive fees” and “Capital Gains incentive fees” that are independent of each other, with the result that one component may be payable even if the other is not. The amount included in the table above are estimated by annualizing “Income based incentive fees” expense for the three months ended March 31, 2025, without regard to any impact from the cap applicable to the “Income based incentive fees,” and adding the “