Blackstone / GSO Senior Floating Rate Term Fund Declares Special Distribution of $0.10 Per Share

Blackstone / GSO Senior Floating Rate Term Fund

announced today a special distribution of $0.10 per common share, payable January 31, 2013. The Fund anticipates that this distribution will be paid from long-term capital gains. This distribution is in addition to the Fund's regular dividend of $0.11 per common share, which is also payable January 31, 2013 to shareholders of record on December 31, 2012. The following dates apply to the distribution declared today: Ex-Date: December 27, 2012 Record Date: December 31, 2012 Payable Date: January 31, 2013 Per Share Amount: $0.10 This distribution is payable in 2013 but will be treated as having been paid by the Fund and received by shareholders as of December 31, 2012. The amounts and sources of distributions reported are only estimates and are not provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send to investors, a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes. Blackstone / GSO Senior Floating Rate Term Fund The Fund is a non-diversified, closed-end management investment company that is managed by GSO / Blackstone Debt Funds Management LLC, an affiliate of The Blackstone Group L.P. (“Blackstone”) and subsidiary of GSO Capital Partners LP (“GSO”). The Fund's primary objective is to seek high current income with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. There can be no assurance the Fund will achieve its investment objectives. Additional information is available at www.blackstone-gso.com/bsl-index.php.