Company: BXSL
Filing Date: 2025-07-11
Form Type: N-2ASR
Source: 0001213900-25-063269
Chunk: 74

Company: Blackstone Secured Lending Fund
Filing Date: 2025-07-11
Form: N-2ASR
Chunk 74
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 shares, we must meet a coverage ratio of total assets (less total liabilities other than indebtedness) to total indebtedness plus preferred shares, of at least 150%; and •the holders of preferred shares must be entitled as a class to elect two trustees at all times and to elect a majority of the trustees if and for so long as dividends on the preferred shares are unpaid in an amount equal to two full years of dividends on the preferred shares. The features of the preferred shares are further limited by the requirements applicable to RICs under the Code. For any class or series of preferred shares that we may issue, our Board will determine and the prospectus supplement relating to such class or series will describe: •the designation and number of shares of such class or series; •the rate and time at which, and the preferences and conditions under which, any dividends will be paid on shares of such class or series, as well as whether such dividends are participating or non -participating; •any provisions relating to convertibility or exchangeability of the shares of such class or series, including adjustments to the conversion price of such class or series; •the rights and preferences, if any, of holders of shares of such class or series upon our liquidation, dissolution or winding up of our affairs; •the voting powers, if any, of the holders of shares of such class or series; •any provisions relating to the redemption of the shares of such class or series; •any limitations on our ability to pay dividends or make distributions on, or acquire or redeem, other securities while shares of such class or series are outstanding; •any conditions or restrictions on our ability to issue additional shares of such class or series or other securities; •if applicable, a discussion of certain U.S. federal income tax considerations; and •any other relative powers, preferences and participating, optional or special rights of shares of such class or series, and the qualifications, limitations or restrictions thereof. All preferred shares that we may issue will be identical and of equal rank except as to the particular terms thereof that may be fixed by our Board, and all shares of each class or series of preferred shares will be identical and of equal rank except as to the dates from which dividends, if any, thereon will be cumulative. 134 DESCRIPTION OF OUR SUBSCRIPTION RIGHTS We may issue subscription rights to the holders of the class of securities to whom the subscription rights are being distributed, or the holders to purchase our securities. Subscription rights may be issued independently or together with any other offered security