BNY Mellon High Yield Strategies Fund, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. and BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Appoint Bradley J. Skapyak as Board Member
September 17 2021 - 9:21AM
Business Wire
BNY Mellon High Yield Strategies Fund (NYSE: DHF), BNY Mellon
Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:
DCF) and BNY Mellon Alcentra Global Multi-Strategy Credit Fund,
Inc. (Ticker: XALCX)(collectively, the "Funds") each announce the
appointment of Bradley J. Skapyak to the Board.
Mr. Skapyak is deemed to be an interested Board Member of the
Funds as a result of his ownership of unvested restricted stock
units of The Bank of New York Corporation, the parent company of
the Funds' investment adviser. Mr. Skapyak does not serve on the
Audit, Nominating, Compensation, Litigation or Pricing Committees
of the Boards of the Funds.
From January 2010 through May 2019, Mr. Skapyak served as
President of the funds in The Dreyfus Family of Funds (n/k/a, BNY
Mellon Family of Funds), including DHF and DCF (collectively with
the funds in the BNY Mellon Family of Funds, the "Dreyfus Funds").
From June 2009 through May 2019, Mr. Skapyak served as Chief
Operating Officer and Director of The Dreyfus Corporation (n/k/a,
BNY Mellon Investment Adviser, Inc.) (the "Adviser"), where he was
primarily responsible for the relationship between the Adviser and
the Dreyfus Funds, served as management's representative at Fund
Board meetings and managed the mutual fund administration
operations of the Adviser in connection with its role as
administrator to the Dreyfus Funds. Mr. Skapyak also served, from
August 2016 through May 2019, as Chief Executive Officer and
Director of MBSC Securities Corporation (n/k/a, BNY Mellon
Securities Corporation), the distributor for the open-end Dreyfus
Funds; from May 2011 through May 2019, as Chairman and Director for
Dreyfus Transfer, Inc. (n/k/a, BNY Mellon Transfer, Inc.), the
transfer agent for the open-end Dreyfus Funds; and from April 2007
through May 2019, as Senior Vice President of The Bank of New York
Mellon, the custodian of the Dreyfus Funds.
Important Information
BNY Mellon Investment Adviser, Inc., the investment adviser for
the Funds, is part of BNY Mellon Investment Management. BNY Mellon
Investment Management is one of the world’s largest asset managers,
with $2.3 trillion in assets under management as of June 30, 2021.
Through an investor-first approach, BNY Mellon Investment
Management brings to clients the best of both worlds: specialist
expertise from eight investment firms offering solutions across
every major asset class, backed by the strength, stability, and
global presence of BNY Mellon. Additional information on BNY Mellon
Investment Management is available on www.bnymellonim.com.
BNY Mellon Investment Management is a division of BNY Mellon,
which has $45 trillion in assets under custody and/or
administration as of June 30, 2021. BNY Mellon can act as a single
point of contact for clients looking to create, trade, hold,
manage, service, distribute or restructure investments. BNY Mellon
is the corporate brand of The Bank of New York Mellon Corporation
(NYSE: BK). Additional information is available on
www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our
newsroom at www.bnymellon.com/newsroom for the latest company
news.
The Funds' investment returns and principal values will
fluctuate so that an investor’s shares may be worth more or less
than the original cost. There is no assurance that a Fund will
achieve its investment objective.
This release is for informational purposes only and should not
be considered as investment advice or a recommendation of any
particular security.
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