Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein jointly filed an amended beneficial ownership statement on November 3, 2026, disclosing a combined 6.91% stake in Blackstone Long-Short Credit Income Fund.

Key Highlights

  • Aggregate beneficial ownership: The three reporting persons each report 878,054 common shares beneficially owned, representing 6.91% of the class.
  • No sole voting or dispositive power: All 878,054 shares are held on a shared voting and shared dispositive basis; sole power is reported as 0 for each reporting person.
  • Total consideration paid: According to the filing, approximately $9,261,861 was paid in aggregate to acquire the common shares reported.
  • Shares outstanding basis: The 6.91% percentage is calculated against 12,708,275 shares outstanding as of June 30, 2026, as disclosed in the issuer's N-CSRS filed September 4, 2026.
  • Triggering event date: The event requiring this amendment occurred on October 30, 2026, amending Items 3, 5, and 7 of the original filing dated October 21, 2026.
  • All trades in open market: The filing states that all transactions effected since the original filing were executed in the open market.

Saba Capital's Amended Position in Blackstone Long-Short Credit Income Fund

Blackstone Long-Short Credit Income Fund is a closed-end fund organized as a common-share issuer with a $0.001 par value per share, with its principal executive offices located at 345 Park Avenue, New York, New York 10154, according to the filing. The fund operates in the credit-focused investment space under the Blackstone name. Saba Capital Management, L.P. serves as investment manager to private and public investment funds and accounts, and in that capacity directed the acquisition of the shares reported here.

The amended statement, filed on November 3, 2026, discloses that the three reporting persons collectively hold 878,054 common shares, with shared voting power and shared dispositive power each totaling 878,054 shares. The filing states that "funds for the purchase of the Common Shares were derived from the subscription proceeds from investors and the capital appreciation thereon and margin account borrowings made in the ordinary course of business." The filing also notes that because other securities are held in the same margin accounts, it is not possible to determine how much, if any, margin was used specifically to purchase these shares.

Boaz R. Weinstein is identified as the managing member of the general partner of Saba Capital and other affiliated entities, while Saba Capital Management GP, LLC serves as general partner of Saba Capital and affiliated entities. The filing indicates that the right to receive dividends and proceeds of sales from the common shares belongs to "the funds and accounts advised by Saba Capital." The reporting persons state that their filing "should not be construed as an admission that any Reporting Person is, for the purposes of Sections 13 of the Securities Exchange Act of 1934, the beneficial owner of the Common Shares reported herein."

What Was Disclosed

Saba Capital Management, Saba Capital Management GP, and Boaz R. Weinstein filed Amendment No. 1 to their Schedule 13D on November 3, 2026, reporting shared beneficial ownership of 878,054 common shares, equal to 6.91%, of Blackstone Long-Short Credit Income Fund, with approximately $9,261,861 paid in total to acquire those shares.