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Alternative Market Briefing

Blackstone Alternative Alpha Funds expect to pay a year-end distribution of $30.00 to $55.00 per share

Friday, October 30, 2015

Komfie Manalo, Opalesque Asia:

Blackstone has announced that the Blackstone Alternative Alpha Fund and the Blackstone Alternative Alpha Fund II expect to pay a year-end distribution to their shareholders of record before this year ends. The funds estimate that the distribution will be in the range of $30.00 to $55.00 per share, Blackstone said in a statement.

Based on the most recent share price of Blackstone Alternative Alpha Fund ($1,191.06 as of September 30, 2015), the estimated amount represents a distribution in the range of approximately 2.5% to 4.6% of the value of each share of the fund.

Compared to the most recent share price of Blackstone Alternative Alpha Fund II, Advisor Class II Shares ($994.79 as of September 30, 2015), the estimated amount represents a distribution in the range of approximately 3.0% to 5.5% of the value of each share of the fund. For Advisor Class III Shares ($1,107.07 as of September 30, 2015), the estimated amount represents a distribution in the range of approximately 2.7% to 5.0% of the value of each share of the fund.

These estimated distribution amounts are being provided for informational purposes only as they are subject to change and should not be used for tax reporting purposes. Actual distribution amounts are subject to approval by the Funds’ Board of Trustees.

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