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

Rhea-AI Summary

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. has completed its quarterly tender offer for up to 2.5% of its common stock. The tender offer, which closed on February 11, 2022, was oversubscribed, leading to pro rata purchases based on the number of shares tendered. A total of 268,080 shares were tendered, with 58,439 shares to be purchased at a purchase price of $102.70 per share, representing the Fund's net asset value as of December 31, 2021. Shareholders can obtain further details from Georgeson LLC.

Positive

• The tender offer was oversubscribed, indicating strong investor interest.
• The Fund will purchase shares at a price equal to its net asset value, supporting shareholder value.

Negative

• The Fund was only able to purchase a fraction of the tendered shares due to oversubscription, which may leave some shareholders without liquidity.
• The pro-rata basis of share purchases may not satisfy all investor redemption requests.

NEW YORK--(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 February 11, 2022, 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*
	268,080			58,439			0.2185			$102.70

*Purchase Price is equal to 100% of the Fund's net asset value per Share as of December 31, 2021.

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 non-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 $2.4 trillion in assets under management as of December 31, 2021. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from eight investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY Mellon. Additional information on BNY Mellon Investment Management is available on www.bnymellonim.com.

BNY Mellon Investment Management is a division of BNY Mellon, which has $46.7 trillion in assets under custody and/or administration as of December 31, 2021. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. 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 Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220214005727/en/

For Press Inquiries:

BNY Mellon Investment Adviser, Inc.

Jessica Rutledge

(917) 683-6820

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

What were the final results of the BNY Mellon tender offer on February 11, 2022?

The tender offer was oversubscribed with 268,080 shares tendered and 58,439 shares to be purchased.

What is the purchase price for the shares in the recent BNY Mellon tender offer?

The purchase price was $102.70 per share, based on the Fund's net asset value as of December 31, 2021.

How will shares be purchased in the BNY Mellon tender offer?

Shares will be purchased on a pro-rata basis, meaning the number of shares purchased will depend on total shares tendered.

Where can shareholders obtain more information about the BNY Mellon tender offer?

Shareholders can contact Georgeson LLC or refer to the SEC's website for the Offer Documents.