BNY Mellon Appointed Dividend Agent, Transfer Agent, Custodian and Service Provider for New Blackstone / GSO Senior Floating Rate Term Fund

NEW YORK, Nov. 16, 2010 /PRNewswire-FirstCall/ -- BNY Mellon, the global leader in asset management and securities servicing, has been appointed dividend agent, transfer agent, custodian and service provider for other related services for the Blackstone / GSO Senior Floating Rate Term Fund, a new closed-end fund that trades on the New York Stock Exchange under the symbol "BSL."

In its role, BNY Mellon will provide a variety of services, including the safekeeping of the assets held in the fund, helping to calculate and process dividends, and produce records for shareholder reports.  ALPS Fund Services, Inc. serves as administrator to the Fund and is responsible for calculating the net asset value of the common shares and generally managing the administrative affairs of the fund.

"This mandate highlights our company's ability to meet all of the diversified servicing needs of the fund management industry, regardless of the type, size or structure of the funds we service," said Debra A. Baker, managing director and head of collateral debt obligations at BNY Mellon Corporate Trust.  "Given our longstanding relationship with GSO Capital Partners, we are pleased to have worked with Blackstone / GSO on the launch of this new fund and look forward to working with them moving forward."

Blackstone is a leading investment and advisory firm.  Further information is available at www.blackstone.com.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets.  BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.  It has $24.4 trillion in assets under custody and administration and $1.14 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).  Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon

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