Notification of Periodic Repurchase Offer (Form N-23C3A)

1.

Investment Company Act File Number: 811-23996

2.

Exact name of Investment Company as specified in registration statement:

3.

Address of principal executive office: (number, street, city, state, zip code)

4.

Check one of the following:

A.

☒ The notification pertains to a periodic repurchase offer under paragraph (b) of Rule 23c-3.

B.

 ☐ The notification pertains to a discretionary repurchase offer under paragraph (c) of Rule 23c-3.

C.

 ☐ The notification pertains to a periodic repurchase offer under paragraph (b) of Rule 23c-3 and a discretionary repurchase offer under paragraph (c) of Rule 23c-3.

 

 

 

 

 

 

 

By:

 

 

/s/ Lucie Enns

 

 

 

 

Lucie Enns

 

 

 

 

Chief Legal Officer

 

 

 

 

 

 

 

 

 

1.

If your shares are held at your financial adviser, broker, dealer or other financial intermediary (each, an "Authorized Intermediary"), please ask your Authorized Intermediary sufficiently in advance of the Repurchase Request Deadline to submit a repurchase request for you. You may be charged a transaction fee (in addition to any early repurchase deduction charged by the Fund for certain shares held for less than one year) for this service by your Authorized Intermediary. Your Authorized Intermediary may have different requirements for making a repurchase request during the repurchase offer period. None of the Fund, Blackstone Private Credit Strategies LLC (the "Adviser") or Blackstone Securities Partners L.P. (the "Intermediary Manager") is responsible for any errors committed by your Authorized Intermediary in submitting a Repurchase Request for you. A shareholder who holds shares through an Authorized Intermediary should NOT submit the attached form to the Fund.

2.

If you have a direct account held with the Fund, please complete, sign and date the enclosed Repurchase Request Form. In order to process your request, it must be received in good order by the Fund's transfer agent, SS&C GIDS, Inc., by 4:00 P.M. Eastern Time on May 22, 2026.

1.

THE OFFER. Blackstone Private Multi-Asset Credit and Income Fund (the "Fund") is offering to repurchase for cash no less than five percent (5%) of the aggregate of its issued and outstanding Class S ("Class S"), Class D ("Class D"), Class I ("Class I") and Class I Advisory ("Class I Advisory") common shares of beneficial interest ("shares") as of the Repurchase Request Deadline (defined below) at a price equal to the net asset value ("NAV" or "Net Asset Value") of such shares as of 4:00 P.M. on the Repurchase Pricing Date (defined below), less any applicable Early Repurchase Deduction (defined below) upon the terms and conditions set forth in this Repurchase Offer Statement, the Repurchase Offer Notice, the Fund's prospectus, and the related Repurchase Request Form. Together those documents constitute the "Repurchase Offer." The purpose of the Repurchase Offer is to provide liquidity to shareholders of the Fund. The offer is not conditioned upon the tender for repurchase of any minimum number of shares.

2.

REPURCHASE REQUEST DEADLINE. All tenders of shares for repurchase must be received in proper form by SS&C GIDS, Inc. (the "Transfer Agent"), at the address indicated in the enclosed Repurchase Request Form prior to 4:00 P.M., Eastern Time, on May 22, 2026 (the "Repurchase Request Deadline"). Repurchase Requests submitted to the Transfer Agent must be sent to the address specified in this Repurchase Offer.

3.

REPURCHASE PRICING DATE. The price for repurchases of each class of shares must be determined based on the Net Asset Value no later than fourteen (14) calendar days after the Repurchase Request Deadline (the "Repurchase Pricing Date"). However, the Fund intends to determine the Net Asset Value on the Repurchase Request Deadline, if doing so is not likely to result in significant dilution of the prices of the shares, or as soon as such determination can be made after that date. If the Fund chooses a Repurchase Pricing Date later than the Repurchase Request Deadline, there is a risk that the Fund's Net Asset Value per share may fluctuate between those dates.

4.

NET ASSET VALUE. As of April 24, 2026, the NAV per share of each outstanding class of shares of the Fund was:

5.

PAYMENT FOR SHARES REPURCHASED. Payment for all shares repurchased pursuant to this Repurchase Offer will be made in cash no later than seven (7) calendar days after the Repurchase Pricing Date. Shares will be deemed to have been accepted for repurchase upon the payment by the Fund for such tendered shares.

6.

INCREASE IN NUMBER OF SHARES REPURCHASED; PRO RATA REPURCHASES. If shareholders tender for repurchase more shares than the number of shares that the Fund is offering to repurchase, the Fund may (but is not obligated to) increase the number of shares that the Fund is offering to purchase by up to two percent (2%) of the number of shares outstanding on the Repurchase Request Deadline. If the number of shares tendered for repurchase exceeds the number of shares that the Fund is offering to repurchase, the Fund will repurchase tendered shares on a pro rata basis. There can be no assurance that the Fund will be able to repurchase all the shares that you tender even if you tender all the shares that you own. In the event of an oversubscribed Repurchase Offer, you will be unable to liquidate some or all of your investment at Net Asset Value and will have to wait until a subsequent repurchase offer to tender shares that the Fund was unable to repurchase,

7.

WITHDRAWAL OR MODIFICATION OF TENDER OF SHARES FOR REPURCHASE. Shares tendered pursuant to the Repurchase Offer may be withdrawn, or you may change the number of shares tendered for repurchase, at any time prior 4:00 P.M., Eastern Time, on the Repurchase Request Deadline. If your shares are held at your Authorized Intermediary, repurchase requests submitted pursuant to the Repurchase Offer may be modified or withdrawn at any time prior to the Repurchase Request Deadline by submitting notice to your Authorized Intermediary. In the event you decide to modify or withdraw your tender, you should provide your Authorized Intermediary with sufficient notice prior to the Repurchase Request Deadline. If you have a direct account held with the Fund, repurchase requests submitted pursuant to this Repurchase Offer may be modified or withdrawn at any time prior to the Repurchase Request Deadline by submitting written notice to the Transfer Agent at the address specified in this Repurchase Offer, and the Transfer Agent or the Fund must receive notice of a withdrawal or modification before the Repurchase Request Deadline.

8.

SUSPENSION OR POSTPONEMENT OF REPURCHASE OFFER. The Board of Trustees of the Fund may suspend or postpone this Repurchase Offer only by a majority vote of the Board of Trustees of the Fund (including a majority of the trustees of the Board of Trustees of the Fund who are not "interested persons," as such term is defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended) and only in the following limited circumstances:

(A)

if making or effecting the Repurchase Offer would cause the Fund to lose its status as a regulated investment company under Subchapter M of the Internal Revenue Code; or

(B)

for any period during which the New York Stock Exchange or any other market in which the securities owned by the Fund are principally traded is closed, other than customary weekend and holiday closings, or during which trading in such market is restricted; or

(C)

for any period during which an emergency exists as a result of which disposal by the Fund of securities owned by it is not reasonably practicable, or during which it is not reasonably practicable for the Fund fairly to determine the value of its net assets; or

(D)

for such other periods as the U.S. Securities and Exchange Commission may by order permit for the protection of shareholders of the Fund.

9.

EARLY REPURCHASE DEDUCTION. The Fund intends to impose a repurchase fee (the "Early Repurchase Deduction") of up to two percent (2%) on shares accepted for repurchase that have been held by an investor for less than one year (on a "first in-first out" basis). The one-year holding period will be satisfied if at least one year has elapsed from (a) the issuance date of the applicable shares to (b) the subscription date immediately following the Repurchase Pricing Date used in the repurchase of such shares. Payment of the Early Repurchase Deduction will be made by reducing the repurchase proceeds. The Early Repurchase Deduction will be retained by the Fund for the benefit of remaining shareholders. Additionally, if your shares are held through an Authorized Intermediary, the Authorized Intermediary may charge transaction or other fees in connection with your Repurchase Request.

10.

CERTAIN U.S. FEDERAL INCOME TAX CONSEQUENCES. You should review the tax information in the Fund's prospectus and consult with your tax adviser regarding any specific consequences, including potential state and local tax consequences, of participating in the repurchase. Generally, any tender of shares to the Fund would be treated as a taxable event and any gain or loss would be treated as a capital gain or loss, either short- or long-term, depending on the length of time the shares have been held.

11.

PROPER FORM OF REPURCHASE REQUEST DOCUMENTS. All questions as to the validity, form, eligibility (including, for example, the time of receipt) and acceptance of repurchase requests will be determined by the Fund and its Transfer Agent, in their sole discretion, and that determination will be final and binding. The Fund reserves the absolute right to reject any and all tenders of repurchase requests for shares determined not to be in the proper form, or to refuse to accept for payment, purchase, exchange or pay for any shares if, in the opinion of counsel to the Fund or the Transfer Agent, accepting, purchasing, exchanging, or paying for such shares would be unlawful. The Fund also reserves the absolute right to waive any of the conditions of this Repurchase Offer or any defect in any tender of shares, whether in general or with respect to any particular shares or shareholder(s). The Fund's interpretations of the terms and conditions of this Repurchase Offer shall be final and binding. Unless waived, any defects or irregularities in connection with repurchase requests must be cured within the times as the Fund shall determine. Tenders of shares will not be deemed to have been made until all defects or irregularities have been cured or waived. None of the Fund, Blackstone Private Credit Strategies LLC (the "Adviser") or Blackstone Securities Partners L.P. (the "Intermediary Manager") is responsible for any errors committed by any Authorized Intermediary submitting a repurchase request on behalf of a shareholder.

 

 

 

 

Blackstone Private Multi-Asset Credit

and Income Fund

 

 

FOR ACCOUNTS HELD DIRECTLY WITH THE FUND

 

 

Contact Information:

Phone: 1-844-702-1299

Fax: 1-877-379-5933

Email: [email protected]

 

 

If your account is held through an Authorized Intermediary or other financial intermediary, do not submit this form. Please contact your Authorized Intermediary to submit your repurchase request. None of the Fund, the Adviser or the Intermediary Manager is responsible for any errors committed by your Authorized Intermediary in submitting a repurchase request for you.

 

This repurchase form is for clients who wish to tender shares for repurchase from their account held directly with the Fund. Shares will be repurchased at a price equal to their net asset value per share on the Repurchase Pricing Date. An Authorized Person elected on the account application must submit this form via fax, e-mail or mail prior to the Repurchase Request Deadline. The Repurchase Request Deadline will be strictly observed. If the request is not received by the transfer agent in good order prior to the Repurchase Request Deadline, the request will not be honored.

 

Repurchase transactions for shares held less than one year are subject to a 2% early repurchase deduction. Additional information about the repurchase offer may be found in the accompanying Repurchase Offer Statement. For more information about the Fund, please visit www.bmacx.com.

 

Overnight Mailing Address:

Blackstone Private Multi-Asset Credit

and Income Fund

801 Pennsylvania Avenue

Suite 219091

Kansas City, MO 64105-1307

 

 

Regular Mailing Address:

Blackstone Private Multi-Asset Credit

and Income Fund

P.O. Box 219091 Kansas City, MO 64121-9091

 

 

 

 

 

1.

Account Information

 

 

 

 

 

 

 

 

 

 

 

 

 

Account Name:

 

 

 

 

 

 

Account Number:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

Repurchase Information

 

 

 

 

 

 

 

 

 

 

A.

 

 

Fund name and share class

 

 

Fund / Class ticker

 

 

Fund / Class number

Blackstone Private Multi-Asset Credit and Income Fund

[ ] Class S

 

 

BMASX

 

 

09263L106

[ ] Class D

 

 

BMADX

 

 

09263L205

[ ] Class I

 

 

BMACX

 

 

09263L304

[ ] Class I Advisory

 

 

BMAIX

 

 

09263L403

 

 

 

 

 

 

 

B.

Select the amount requested

 

 

 

 

 

 

 

 

 

 

 ☐ All Shares

 

 

 ☐ Share Amount:

 

 

 

 

 ☐ Dollar Amount $       

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 ☐ Share Amount

 

 

 

 

 ☐ Dollar Amount $        

 

 

 

 

 

 

 

D.

Deliver proceeds to

 

 

 

 

 ☐ Address of record via check

 

 

 ☐ Bank account on record

 

 

 

 

3.

Signature(s) and Certification

 ☐

By asking the Fund to repurchase shares, I (we) accept the Fund's repurchase offer as provided in this form, the accompanying cover letter and Repurchase Offer Statement, and the Fund's prospectus. Payment for shares will be issued in the name of the registered account holder to the payment instructions selected in section 2.

 ☐

The undersigned hereby represents and warrants that: (a) when and to the extent the Fund accepts the shares for repurchase, the Fund will acquire good, marketable and unencumbered title to them, free and clear of all security interests, liens, charges, encumbrances, conditional sales agreements or other obligations relating to their sale or transfer, and not subject to any adverse claim; (b) on request, the undersigned will execute and deliver any additional documents the Fund or its principal underwriter deems necessary or desirable to complete the assignment, transfer and repurchase of the shares tendered hereby; and (c) the undersigned has read and agrees to all of the terms of the Repurchase Offer (as defined in the Repurchase Offer Statement).

 ☐

The undersigned understands that acceptance of shares by the Fund for repurchase will constitute a binding agreement between the undersigned and the Fund upon the terms and subject to the conditions of the Repurchase Offer.

 ☐

All authority herein conferred or agreed to be conferred shall survive the death or incapacity of the undersigned and all obligations of the undersigned hereunder shall be binding upon the heirs, personal representatives, successors and assigns of the undersigned. Except as stated in the Repurchase Offer, this tender is irrevocable.

 

 

 

 

 

 

 

 

 

 

Print Name:

 

 

 

 

Title:

 

 

 

 

 

 

 

 

Telephone Number:

 

 

 

 

Email:

 

 

 

 

 

 

 

 

Signature:

 

 

 

 

Date:

 

 

 

 

 

 

 

 

Print Name:

 

 

 

 

Title:

 

 

 

 

 

 

 

 

Telephone Number:

 

 

 

 

Email:

 

 

 

 

 

 

 

 

Signature:

 

 

 

 

Date:

 

 

(If joint account,

both must sign)