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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_SwapRiskMember_lbl" xml:lang="en-US">Swap Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_ForceMajeureRiskMember_lbl" xml:lang="en-US">Force Majeure Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_CounterpartyRiskMember_lbl" xml:lang="en-US">Counterparty Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_PotentialConflictsOfInterestRiskMember_lbl" xml:lang="en-US">Potential Conflicts of Interest Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_RepurchaseAgreementsRiskMember_lbl" xml:lang="en-US">Repurchase Agreements Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_ReverseRepurchaseAgreementsRiskMember_lbl" xml:lang="en-US">Reverse Repurchase Agreements Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bgx-20251231.xsd#bgx_InvestmentsInEquitySecuritiesOrWarrantsIncidentalToInvestmentsInFixedIncomeInstrumentsMember" xlink:label="bgx_InvestmentsInEquitySecuritiesOrWarrantsIncidentalToInvestmentsInFixedIncomeInstrumentsMember" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_InflationDeflationRiskMember" xlink:to="bgx_InflationDeflationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_InflationDeflationRiskMember_lbl" xml:lang="en-US">Inflation/Deflation Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_USGovernmentDebtSecuritiesRiskMember_lbl" xml:lang="en-US">U.S. Government Debt Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bgx-20251231.xsd#bgx_CyberSecurityRiskAndIdentityTheftRisksMember" xlink:label="bgx_CyberSecurityRiskAndIdentityTheftRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_CyberSecurityRiskAndIdentityTheftRisksMember" xlink:to="bgx_CyberSecurityRiskAndIdentityTheftRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_CyberSecurityRiskAndIdentityTheftRisksMember_lbl" xml:lang="en-US">Cyber-Security Risk and Identity Theft Risks [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_PortfolioTurnoverRiskMember_lbl" xml:lang="en-US">Portfolio Turnover Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_GovernmentInterventionInTheFinancialMarketsMember_lbl" xml:lang="en-US">Government Intervention in the Financial Markets [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_InflationRiskMember" xlink:to="bgx_InflationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_InflationRiskMember_lbl" xml:lang="en-US">Inflation Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bgx-20251231.xsd#bgx_RegulatoryRiskMember" xlink:label="bgx_RegulatoryRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_RegulatoryRiskMember" xlink:to="bgx_RegulatoryRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_RegulatoryRiskMember_lbl" xml:lang="en-US">Regulatory Risk [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_DerivativesRiskMember" xlink:to="bgx_DerivativesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_DerivativesRiskMember_lbl" xml:lang="en-US">Derivatives Risk [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_SecuredLoansRiskMember" xlink:to="bgx_SecuredLoansRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_SecuredLoansRiskMember_lbl" xml:lang="en-US">Secured Loans Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bgx-20251231.xsd#bgx_FixedIncomeInstrumentsRiskMember" xlink:label="bgx_FixedIncomeInstrumentsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_FixedIncomeInstrumentsRiskMember" xlink:to="bgx_FixedIncomeInstrumentsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_FixedIncomeInstrumentsRiskMember_lbl" xml:lang="en-US">Fixed-Income Instruments Risk [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_UnsecuredLoansRiskMember" xlink:to="bgx_UnsecuredLoansRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_UnsecuredLoansRiskMember_lbl" xml:lang="en-US">Unsecured Loans Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bgx-20251231.xsd#bgx_ShortSellingRiskMember" xlink:label="bgx_ShortSellingRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_ShortSellingRiskMember" xlink:to="bgx_ShortSellingRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_ShortSellingRiskMember_lbl" xml:lang="en-US">Short Selling Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bgx-20251231.xsd#bgx_StructuredProductsRiskMember" xlink:label="bgx_StructuredProductsRiskMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_StructuredProductsRiskMember_lbl" xml:lang="en-US">Structured Products Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bgx-20251231.xsd#bgx_LiquidityRiskMember" xlink:label="bgx_LiquidityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_LiquidityRiskMember" xlink:to="bgx_LiquidityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_LiquidityRiskMember_lbl" xml:lang="en-US">Liquidity Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bgx-20251231.xsd#bgx_LeverageRiskMember" xlink:label="bgx_LeverageRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_LeverageRiskMember" xlink:to="bgx_LeverageRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_LeverageRiskMember_lbl" xml:lang="en-US">Leverage Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bgx-20251231.xsd#bgx_ForeignCurrencyRiskMember" xlink:label="bgx_ForeignCurrencyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_ForeignCurrencyRiskMember" xlink:to="bgx_ForeignCurrencyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_ForeignCurrencyRiskMember_lbl" xml:lang="en-US">Foreign Currency Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bgx-20251231.xsd#bgx_RevolvingCreditsFacilityMember" xlink:label="bgx_RevolvingCreditsFacilityMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_RevolvingCreditsFacilityMember" xlink:to="bgx_RevolvingCreditsFacilityMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_RevolvingCreditsFacilityMember_lbl" xml:lang="en-US">Revolving Credits Facility [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bgx-20251231.xsd#bgx_MRPSSeriesAMember" xlink:label="bgx_MRPSSeriesAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bgx_MRPSSeriesAMember" xlink:to="bgx_MRPSSeriesAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bgx_MRPSSeriesAMember_lbl" xml:lang="en-US">MRPS Series A [Member]</link:label>
    </link:labelLink>
</link:linkbase>
