BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Dates of Quarterly Tender Offer

Rhea-AI Summary

BNY Mellon Alcentra Global Multi-Strategy Credit Fund has announced the approval of its quarterly tender offer. The offer will commence on July 17, 2024, and expire on August 13, 2024, at 5:00 p.m. Eastern Time. It will cover 2.5% of the Fund's outstanding shares as of June 30, 2024, at the net asset value per share determined on the same date. The offer details will be included in the Fund's Offer to Purchase and related documents, which will be filed with the SEC and made available to shareholders. Shareholders can obtain more information and copies of the documents from Georgeson or the SEC’s website.

NEW YORK--(BUSINESS WIRE)-- BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund") today announced that the Fund's Board of Directors has approved the Fund's quarterly tender offer (the "Tender Offer") with the following terms:

Number of Shares	2.5% of the Fund's outstanding shares as of June 30, 2024
Commencement Date	July 17, 2024
Expiration Date and Time	August 13, 2024 at 5:00 p.m. Eastern Time, unless otherwise extended
Price	Net asset value per share determined as of June 30, 2024

The terms and conditions of the Tender Offer will be set forth in the Fund's Offer to Purchase, the related Letter of Transmittal and other related documents. As soon as the Tender Offer commences, the Fund will file 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").

This announcement is for informational purposes only and is not a recommendation, an offer to purchase or a solicitation of an offer to sell shares of the Fund. The Offer Documents will be distributed to Fund shareholders. Shareholders may obtain additional copies of the Offer Documents, when available, without charge, by contacting Georgeson LLC, the Fund's Tender Offer information agent, toll free at (877) 278-9670. Shareholders can also obtain the Offer Documents, when filed, free of charge on the SEC's website at www.sec.gov. Shareholders should read these documents and related exhibits carefully as the documents contain important information about the Fund's Tender Offer.

If you have questions about the Tender Offer and hold the Fund's shares through a broker or other nominee holder, you can call your broker or other nominee holder directly. You may also call Georgeson LLC, the Fund's Tender Offer information agent, toll free at (877) 278-9670, with any questions.

The Tender Offer will not be made to, nor will tenders pursuant to the Tender Offer be accepted from or on behalf of, shareholders in any jurisdiction in which making or accepting the Tender Offer would violate that jurisdiction's laws.

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 March 31, 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 $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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240710518871/en/

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

Source: BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.

FAQ

When will BNY Mellon's Alcentra Global Multi-Strategy Credit Fund's tender offer commence?

The tender offer will commence on July 17, 2024.

What percentage of outstanding shares is included in BNY Mellon's Alcentra Global Multi-Strategy Credit Fund tender offer?

The tender offer includes 2.5% of the Fund's outstanding shares as of June 30, 2024.

When does the BNY Mellon Alcentra Global Multi-Strategy Credit Fund tender offer expire?

The tender offer expires on August 13, 2024, at 5:00 p.m. Eastern Time.

How can shareholders obtain copies of the BNY Mellon Alcentra Global Multi-Strategy Credit Fund tender offer documents?

Shareholders can obtain copies of the tender offer documents from Georgeson or the SEC’s website.

What is the share price basis for BNY Mellon Alcentra Global Multi-Strategy Credit Fund tender offer?

The share price will be based on the net asset value per share as of June 30, 2024.