BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Final Results of Quarterly Tender Offer
May 15 2024 - 1:04PM
Business Wire
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the
"Fund") today announced the final results of its quarterly tender
offer (the "Tender Offer") for up to 2.5% of the Fund's issued and
outstanding shares of common stock (the "Shares").
The Tender Offer, which expired at 5:00 p.m. Eastern time on May
14, 2024, was oversubscribed.
Therefore, in accordance with the terms and conditions of the
Tender Offer, the Fund will purchase Shares from all tendering
shareholders on a pro rata basis, after disregarding fractions,
based on the number of Shares properly tendered ("Pro-Ration
Factor"). The final results of the Tender Offer are provided in the
table below.
Number of Shares Tendered
Number of Tendered Shares to Be
Purchased
Pro-Ration Factor
Purchase Price*
388,170
46,530
.120521
$91.43
*Purchase Price is equal to 100% of the Fund's net asset value
per Share as of March 31, 2024.
If you have questions about the Tender Offer and hold Shares
through a broker or other nominee holder, you can call your broker
or other nominee holder directly. You may also call Georgeson LLC
("Georgeson"), the Fund's Tender Offer information agent, toll free
at (877) 278-9670, with any questions.
The terms and conditions of the Tender Offer were set forth in
the Fund's Offer to Purchase, the related Letter of Transmittal and
other related documents. The Fund filed with the Securities and
Exchange Commission (the "SEC") a tender offer statement on
Schedule TO and related exhibits, including an Offer to Purchase, a
related Letter of Transmittal and other related documents (the
"Offer Documents"). Shareholders may obtain copies of the Offer
Documents, without charge, by contacting Georgeson toll free at
(877) 278-9670. Shareholders can also obtain the Offer Documents
free of charge on the SEC's website at www.sec.gov.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. is a
diversified, closed-end management investment company. BNY Mellon
Investment Adviser, Inc., the investment adviser for the Fund, is
part of BNY Mellon Investment Management. BNY Mellon Investment
Management is one of the world’s largest asset managers, with $2.0
trillion in assets under management as of March 31, 2024. Through a
client-first approach, BNY Mellon Investment Management brings
investors specialist expertise through its seven investment firms
offering solutions across every major asset class and backed by the
breadth and scale of BNY Mellon. Additional information on BNY
Mellon Investment Management is available on www.bnymellonim.com.
Follow us on LinkedIn for the latest company news and activity.
BNY Mellon Investment Management is a division of BNY
Mellon, which has $48.8 trillion in assets under custody and/or
administration as of March 31, 2024. Established in 1784, BNY
Mellon is America's oldest bank. Today, BNY Mellon powers capital
markets around the world through comprehensive solutions that help
clients manage and service their financial assets throughout the
investment life cycle. 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
LinkedIn or visit our newsroom for the latest company news.
BNY Mellon Investment Management's website is intended to allow
investors public access to information regarding the Fund and does
not, and is not intended to, incorporate the website in this
release.
The Fund's 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 the Fund will
achieve its investment objective.
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For Press Inquiries: BNY Mellon Investment Adviser, Inc. Sue
Watt (212) 815-3757
For Other Inquiries: BNY Mellon Securities Corporation The
National Marketing Desk 240 Greenwich Street New York, New York
10286 1-800-334-6899