NEW YORK--(BUSINESS WIRE)--On August 29, 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 September 27, 2024, to shareholders of record at the close of business on September 13, 2024. The ex-dividend date is September 13, 2024. The previous dividend declared in May 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 Investments. BNY Investments is one of the world’s largest asset managers, with $2.0 trillion in assets under management as of June 30, 2024. Through a client-first approach, BNY Investments 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. Additional information on BNY Investments is available on www.bnymellonim.com. Follow us on LinkedIn for the latest company news and activity.
BNY Investments is a division of BNY, which has $49.5 trillion in assets under custody and/or administration as of June 30, 2024. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY 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 Investments' 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.
