Saba Capital takes 5.87% of Blackstone Long-Short Credit Income Fund and says it may seek buy-backs, tenders or liquidation

Saba Capital Management, L.P. reports beneficial ownership of 745,595 common shares in Blackstone Long-Short Credit Income Fund (CIK 1504234), 5.87% of the class, according to a Schedule 13D filed with the US Securities and Exchange Commission on 21 October 2026. The filing gives 19 October 2026 as the date of the event requiring it.

The percentage is calculated on 12,708,275 common shares outstanding at 30 June 2026, the figure in the fund's semi-annual report filed on 4 September 2026 (Schedule 13D, Item 5, 21 October 2026).

Saba states that the aggregate purchase cost of the shares was approximately $7.88 million, funded from investor subscription proceeds and capital appreciation (Schedule 13D, Item 3, 21 October 2026).

A schedule attached to the filing lists 30 open-market purchases totalling 596,101 shares between 8 September and 20 October 2026, at prices between $10.39 and $10.70 a share (Schedule 13D, Schedule A, 21 October 2026).

In its statement of purpose, Saba says it bought the shares because it believes they are undervalued, citing the fund's trading at a discount to net asset value. It says it may discuss governance, performance, capitalisation, board appointments and the fund's closed-end status with management, the board and other shareholders. It also says it may nominate directors, solicit proxies, or seek buy-backs, tender offers, a liquidation or a change of investment manager, which could include Saba itself (Schedule 13D, Item 4, 21 October 2026).

The filing states that Saba has no agreement with any third party to act together on the fund. No letter to the board is attached (Schedule 13D, Item 4 and exhibits, 21 October 2026).

The filings do not state whether Saba has yet put any proposal to the fund's board. Loro has made no approach to the company. Figures are as reported in Saba Capital Management's SEC filings.