Bank New York Mellon Corp - BK STOCK NEWS

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.

BNY Mellon (NYSE: BK) has announced it will release its third quarter 2024 financial results on Friday, October 11, 2024. The global financial services company will post materials on its website at approximately 6:30 a.m. ET. Following the release, BNY Mellon's management team will host a conference call and live audio webcast at 11:00 a.m. ET on the same day to discuss the results and answer questions from analysts and investors. This announcement provides a clear timeline for stakeholders to prepare for the upcoming earnings report and subsequent discussion of the company's financial performance.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. has announced the final results of its oversubscribed quarterly tender offer. The Fund will purchase 45,368 shares at a price of $92.50 per share, which is 100% of the Fund's net asset value as of June 30, 2024. Due to oversubscription, shares will be purchased on a pro rata basis with a Pro-Ration Factor of 0.0995030.

The Fund is part of BNY Investments, which manages $2.0 trillion in assets. BNY, the parent company, has $49.5 trillion in assets under custody and/or administration as of June 30, 2024. Shareholders can obtain more information about the tender offer from Georgeson or through the SEC's website.

Buenaventura (NYSE: BVN) has closed a transaction to sell its Chaupiloma subsidiary, which owns a 1.8% net smelter return royalty on Newmont's Yanacocha mine, to Franco-Nevada for $210 million in cash. The deal includes a contingent payment of $15 million in Franco-Nevada shares upon certain conditions. This move aligns with Buenaventura's strategy to strengthen its financial position and reduce leverage.

The proceeds will be used to drive growth, particularly for the San Gabriel project, which is 57% complete and on track to produce its first gold bar by the second half of 2025. Buenaventura, Peru's largest publicly-traded precious metals mining company, operates several mines in Peru and holds a 19.58% stake in Sociedad Minera Cerro Verde, a significant copper producer.