Fund Description: Blackstone / GSO Long-Short Credit Income Fund is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: The Fund's primary investment objective is to provide current income, with a secondary objective of capital appreciation. <p> FUND STRATEGY: The Fund will seek to achieve its investment objectives by employing a dynamic long-short strategy in a diversified portfolio of loans and fixed-income instruments of predominantly U.S. corporate issuers, including first- and second-lien secured loans and high-yield corporate debt securities of varying maturities. The loans and fixed-income instruments that the Fund invests in long positions in will typically be rated below investment grade at the time of purchase. Under normal market conditions, the Fund intends to maintain both long and short positions based primarily on the fundamental analysis and views of GSO / Blackstone Debt Funds Management LLC on a particular investment. The Fund will take long positions in investments that the Adviser believes offer the potential for attractive returns under various economic and interest rate environments. The Fund will take short positions in investments that the Adviser believes will under-perform due to a greater sensitivity to earnings growth of the issuer, default risk or interest rates. The Fund's long positions, either directly or through the use of derivatives, may total up to 130% of the Fund's net assets. The Fund's short positions, either directly or through the use of derivatives, may total up to 30% of the Fund's net assets. The Fund will invest at least 70% of its Managed Assets in Secured Loans. Secured Loans will be made to U.S. and, to a limited extent, non-U.S. corporations, partnerships and other business entities which operate in various industries and geographical regions. Secured Loans pay interest at rates which are determined periodically on the basis of a floating base lending rate, primarily the London-Interbank Offered Rate, plus a premium. The Fund may also invest in (i) unsecured loans, (ii) fixed-income instruments (including, without limitation, U.S. government debt securities and investment grade and below investment grade, subordinated and unsubordinated corporate debt securities), (iii) warrants and equity securities issued by a Borrower or issuer or its affiliates as part of an investment in a Borrower or issuer or its affiliates, (iv) structured products such as collateralized loan obligations and credit-linked notes and (v) derivatives, including credit derivatives. The Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes in credit investments, including, but not limited to, loans and fixed-income instruments. The Fund may invest up to 25% of its Managed Assets in securities that are considered illiquid. The Fund anticipates incurring leverage as part of its investment strategy. <p> FUND MANAGEMENT: GSO / Blackstone Debt Funds Management LLC, a wholly-owned subsidiary of GSO Capital Partners LP, is the Fund's investment adviser.