BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Final Results of Quarterly Tender Offer
BNY Alcentra Global Multi-Strategy Credit Fund announced the final results of its oversubscribed quarterly tender offer for up to 2.5% of the Fund's issued and outstanding shares. The tender offer expired on February 18, 2025, and due to oversubscription, shares will be purchased from tendering shareholders on a pro rata basis, after accepting all shares from shareholders who own less than 100 shares and tendered all their holdings.
The purchase price equals 100% of the Fund's net asset value per Share as of December 31, 2024. The Fund is managed by BNY Investment Adviser, part of BNY Investments, which manages $2.0 trillion in assets. BNY has $52.1 trillion in assets under custody/administration as of December 31, 2024.
Il BNY Alcentra Global Multi-Strategy Credit Fund ha annunciato i risultati finali della sua offerta di acquisto trimestrale, che è stata sovrascritta, per un massimo del 2,5% delle azioni emesse e in circolazione del Fondo. L'offerta è scaduta il 18 febbraio 2025 e, a causa della sovrascrizione, le azioni saranno acquistate dai soci che hanno presentato offerta su base pro rata, dopo aver accettato tutte le azioni dai soci che possiedono meno di 100 azioni e hanno offerto tutte le loro partecipazioni.
Il prezzo di acquisto è pari al 100% del valore netto degli attivi per azione del Fondo alla data del 31 dicembre 2024. Il Fondo è gestito da BNY Investment Adviser, parte di BNY Investments, che gestisce 2,0 trilioni di dollari in attivi. BNY ha 52,1 trilioni di dollari in attivi in custodia/amministrazione alla data del 31 dicembre 2024.
El BNY Alcentra Global Multi-Strategy Credit Fund anunció los resultados finales de su oferta de compra trimestral, que fue sobreequilbrada, para hasta el 2.5% de las acciones emitidas y en circulación del Fondo. La oferta expiró el 18 de febrero de 2025 y, debido a la sobreequilibración, las acciones serán compradas de los accionistas que presentaron oferta de manera prorrata, después de aceptar todas las acciones de los accionistas que poseen menos de 100 acciones y que ofrecieron todas sus participaciones.
El precio de compra equivale al 100% del valor neto de los activos por acción del Fondo al 31 de diciembre de 2024. El Fondo es gestionado por BNY Investment Adviser, parte de BNY Investments, que gestiona 2.0 billones de dólares en activos. BNY tiene 52.1 billones de dólares en activos bajo custodia/administración a fecha del 31 de diciembre de 2024.
BNY Alcentra Global Multi-Strategy Credit Fund는 자사가 발행한 유통 주식의 최대 2.5%에 대한 초과 신청된 분기별 매수 제안의 최종 결과를 발표했습니다. 매수 제안은 2025년 2월 18일에 만료되었으며, 초과 신청으로 인해 주식은 100주 미만을 보유하고 모든 보유 주식을 제출한 주주로부터 비례 배분 방식으로 구매됩니다.
구매 가격은 2024년 12월 31일 기준으로 주당 펀드의 순자산 가치의 100%에 해당합니다. 이 펀드는 BNY Investment Adviser에 의해 관리되며, BNY Investments의 일부로 2.0조 달러의 자산을 관리하고 있습니다. BNY는 2024년 12월 31일 기준으로 52.1조 달러의 자산을 보관/관리하고 있습니다.
Le BNY Alcentra Global Multi-Strategy Credit Fund a annoncé les résultats finaux de son offre de rachat trimestrielle sursouscrite pour jusqu'à 2,5 % des actions émises et en circulation du Fonds. L'offre de rachat a expiré le 18 février 2025 et, en raison de la sursouscription, les actions seront achetées auprès des actionnaires ayant fait une offre sur une base pro rata, après avoir accepté toutes les actions des actionnaires détenant moins de 100 actions et ayant proposé l'intégralité de leurs participations.
Le prix d'achat équivaut à 100 % de la valeur nette d'inventaire par action du Fonds au 31 décembre 2024. Le Fonds est géré par BNY Investment Adviser, qui fait partie de BNY Investments, gérant 2,0 billions de dollars d'actifs. BNY détient 52,1 billions de dollars d'actifs sous garde/administration au 31 décembre 2024.
Der BNY Alcentra Global Multi-Strategy Credit Fund hat die endgültigen Ergebnisse seines überzeichneten vierteljährlichen Rückkaufangebots für bis zu 2,5 % der ausgegebenen und im Umlauf befindlichen Anteile des Fonds bekannt gegeben. Das Rückkaufangebot lief am 18. Februar 2025 aus und aufgrund der Überzeichnung werden die Anteile von den anbietenden Aktionären anteilig erworben, nachdem alle Anteile von Aktionären akzeptiert wurden, die weniger als 100 Anteile besitzen und alle ihre Bestände angeboten haben.
Der Kaufpreis entspricht 100 % des Nettoinventarwerts pro Anteil des Fonds zum 31. Dezember 2024. Der Fonds wird von BNY Investment Adviser verwaltet, der Teil von BNY Investments ist, das 2,0 Billionen Dollar an Vermögenswerten verwaltet. BNY verwaltet zum 31. Dezember 2024 Vermögenswerte in Höhe von 52,1 Billionen Dollar.
- BNY Investments manages substantial assets of $2.0 trillion under management
- BNY holds $52.1 trillion in assets under custody/administration
- Tender offer oversubscription indicates higher shareholder exit demand than available repurchase capacity
The Tender Offer, which expired at 5:00 p.m. Eastern time on February 18, 2025, 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 and after accepting all shares for repurchase from shareholders who own less than 100 shares and who tendered all of their shares, 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* |
489,061 |
43,128 |
0.079642 |
|
*Purchase Price is equal to
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 Investments. BNY Investments is one of the world’s largest asset managers, with
BNY Investments is a division of BNY, which has
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.
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For Press Inquiries:
BNY Mellon Investment Adviser, Inc.
Jessica Greaney
jessica.greaney@bny.com
Taylor Ventrice
taylor.ventrice@bny.com
For Other Inquiries:
BNY Mellon Securities Corporation
The National Marketing Desk
240 Greenwich Street
1-800-334-6899
Source: BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.
FAQ
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