BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Declares Distribution
May 23 2024 - 5:04PM
Business Wire
On May 23, 2024, BNY Mellon Alcentra Global Multi-Strategy
Credit Fund, Inc. (Ticker: XALCX) declared a distribution of
$2.00 per share of common stock, payable on June 24, 2024, to
shareholders of record at the close of business on June 7, 2024.
The ex-dividend date is June 7, 2024. The previous dividend
declared in February was a quarterly distribution of $2.00 per
share of common stock.
The Fund intends to distribute all or a portion of its net
investment income to common shareholders on a quarterly basis. To
permit the Fund to maintain a more stable quarterly distribution,
the Fund may from time to time distribute less than the entire
amount of income earned in a particular period. The undistributed
income would be available to supplement future distributions. Under
normal market conditions, the Fund is managed in a manner such that
the Fund’s distributions are reflective of the Fund’s current and
projected earnings levels. Various factors will affect the Fund’s
earnings, including the Fund’s asset mix, the average maturity of
the Fund’s portfolio and the Fund’s use of hedging, as well as
broader market conditions and interest rate levels. As portfolio
and market conditions may change, the distribution rate, the
composition of the distribution and the Fund's policy to declare
and pay distributions quarterly may be subject to change, including
by the Fund's Board of Directors.
Important Information
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