Bank of New York Mellon Corporation - BK STOCK NEWS

America250, in collaboration with BNY, has launched the second installment of 'America's Field Trip' - a nationwide scholastic contest for students in grades 3-12. The contest, running from September 16, 2024, to April 16, 2025, invites students to submit artwork or writing reflecting on what America means to them.

First-place awardees will receive an all-expenses-paid field trip experience to iconic American historical and cultural sites, while second-place winners will receive a $500 cash award. The contest aims to foster a deeper understanding of shared history and values among young people as part of the 250th anniversary celebration of the Declaration of Independence's signing.

BNY is supporting this initiative, and Discovery Education has developed educational resources to help teachers integrate the contest into their classrooms. The contest is open to all U.S. students, with different submission requirements for each grade band.

BNY (NYSE: BK) has announced the launch of Alts Bridge, a comprehensive platform designed to simplify access to alternative and private market investments for wealth intermediaries, advisors, and investors. The platform will offer a curated suite of leading alternative asset managers and provide features across pre-, at-, and post-trade processes, including advisor education, automated document preparation, and integrated reporting.

Key highlights:

• Alts Bridge aims to address the growing demand for alternative investments in wealth management
• The platform will initially integrate with BNY Pershing X's Wove advisory platform and NetX360+
• It leverages BNY's expertise across investment management, advisory, and wealth technology
• Expected launch for U.S. RIAs and IBDs in fall 2024

BNY (NYSE: BK) has announced its plan to acquire Archer, a leading provider of managed account solutions for the asset and wealth management industry. This strategic acquisition aims to enhance BNY's capabilities across the entire managed account ecosystem, including manufacturing, distribution, and servicing. Archer's fully integrated, cloud-based platform offers asset and wealth managers a multi-product and multi-channel solution.

The integration of Archer's solutions will allow BNY to offer fully integrated, end-to-end retail managed account solutions across its platform. This move is expected to capitalize on the projected growth of the retail managed account market, which is forecasted to exceed $8 trillion in assets over the next three years in the U.S. The transaction is anticipated to close in the fourth quarter of 2024, subject to regulatory approvals and customary closing conditions.

BNY Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) has announced a distribution of $0.0300 per share of common stock, payable on October 1, 2024 to shareholders of record as of September 19, 2024. The ex-dividend date is also September 19, 2024. This distribution matches the previous one announced in August.

The Fund aims to make regular monthly distributions at a stable rate based on projected performance. BNY Investment Adviser, Inc., part of BNY Investments, manages the Fund. BNY Investments is a major asset manager with $2.0 trillion in assets under management as of June 30, 2024. BNY, the parent company, has $49.5 trillion in assets under custody and/or administration as of the same date.

BNY Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) has declared a distribution of $2.00 per share of common stock, payable on September 27, 2024, to shareholders of record as of September 13, 2024. This matches the previous quarterly distribution declared in May. The Fund aims to distribute all or part of its net investment income quarterly, potentially distributing less than the full amount earned to maintain stability. BNY Investment Adviser, Inc. manages the Fund as part of BNY Investments, which oversees $2.0 trillion in assets as of June 30, 2024. The Fund's distribution policy may change based on various factors, including market conditions and the Board of Directors' decisions.

BNY Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) has declared a monthly distribution of $0.035 per share of common stock, payable on September 26, 2024. The ex-dividend date is September 12, 2024. This matches the previous distribution declared in July.

The Fund aims to pay most of its net income to shareholders through monthly dividends, though this policy may change. BNY Investment Adviser, Inc., the Fund's investment adviser, is part of BNY Investments, which manages $2.0 trillion in assets as of June 30, 2024. BNY Investments is a division of BNY, which has $49.5 trillion in assets under custody and/or administration.

As a closed-end fund, DCF is traded on the secondary market through stock exchanges. Investors should note that the Fund's returns and share values may fluctuate, and shares may trade at a premium or discount to the net asset value.

BNY High Yield Strategies Fund (NYSE: DHF) has declared a monthly cash dividend of $0.0175 per share from net investment income. The dividend is payable on September 25, 2024, to shareholders of record as of September 11, 2024. This matches the previous dividend declared in July. BNY Investment Adviser, Inc., the fund's investment adviser, is part of BNY Investments, which manages $2.0 trillion in assets as of June 30, 2024. BNY, the parent company, has $49.5 trillion in assets under custody and/or administration. DHF is a closed-end fund traded on the secondary market, and its investment returns and principal values may fluctuate.

BNY (NYSE: BK) has announced that Chief Financial Officer Dermot McDonogh will speak at the Barclays Global Financial Services Conference in New York on September 10, 2024 at 2:45 p.m. ET. This presentation at a major financial services event suggests that BNY, a global financial services company, is actively engaging with investors and industry peers.

The announcement indicates that McDonogh's discussion may cover important topics related to the company's performance, strategy, and outlook. Investors and analysts often closely watch such presentations for insights into a company's future direction and financial health. The participation of BNY's CFO in this conference underscores the company's commitment to transparent communication with the financial community.

BNY Mellon High Yield Strategies Fund (NYSE: DHF) has announced a significant change in its investment strategy. Effective August 15, 2024, the Fund will be permitted to invest up to 20% of its total assets in floating rate loans. This decision, approved by the Board of Trustees on August 8, 2024, expands the Fund's investment options.

The Fund will primarily focus on senior secured loans but may also include other types of loans and floating rate securities. While mainly targeting U.S. issuers, the Fund may invest in foreign issuers from OECD countries. This new strategy introduces potential benefits and risks, including exposure to less liquid over-the-counter markets, longer settlement times, and the inherent speculative nature of below investment grade securities.