BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution

Rhea-AI Summary

On May 22, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund (NYSE: DCF) announced a monthly distribution of $0.035 per share, payable on June 21, 2024, to shareholders of record as of June 6, 2024. The ex-dividend date is June 6, 2024. This distribution matches the amount declared in April 2024. The Fund plans to distribute most of its net income in monthly dividends, though this could change based on market conditions and Board decisions. BNY Mellon Investment Management, the Fund's adviser, manages $2.0 trillion in assets as of March 31, 2024. BNY Mellon manages a total of $48.8 trillion in assets under custody/administration. Notably, the Fund's performance and share value can fluctuate, and there is no guarantee of achieving its investment objectives.

Positive

• BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund declared a consistent monthly distribution of $0.035 per share.
• The next distribution is scheduled for June 21, 2024, ensuring regular income for shareholders.
• BNY Mellon Investment Management oversees $2.0 trillion in assets, providing robust management expertise.
• BNY Mellon manages $48.8 trillion in assets under custody and/or administration, indicating strong operational capacity.

Negative

• The distribution rate and policy are subject to change based on market conditions and Board decisions, introducing uncertainty for investors.
• The Fund's investment returns and principal values can fluctuate, meaning shares may be worth more or less than the original cost.
• There is no assurance that the Fund will achieve its investment objective, posing a risk to investors.

NEW YORK--(BUSINESS WIRE)-- On May 22, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.035 per share of common stock, payable on June 21, 2024, to shareholders of record at the close of business on June 6, 2024. The ex-dividend date is June 6, 2024. The previous distribution declared in April was $0.035 per share of common stock.

The Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly income dividends. As portfolio and market conditions may change, the distribution rate, the composition of the distribution and the Fund's policy to declare distributions monthly may be subject to change, including by the Board of Directors.

Important Information

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 $2.0 trillion in assets under management as of March 31, 2024. Through a client-first approach, BNY Mellon Investment Management 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 Mellon. Additional information on BNY Mellon Investment Management is available on www.bnymellonim.com. Follow us on LinkedIn for the latest company news and activity.

BNY Mellon Investment Management is a division of BNY Mellon, 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 Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. 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 LinkedIn or visit our newsroom for the latest company news.

Closed-end funds are traded on the secondary market through one of the stock exchanges. 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. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of the fund’s portfolio. There is no assurance that the Fund will achieve its investment objective.

This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240522918294/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 Credit Income 2024 Target Term Fund, Inc.

FAQ

What is the latest distribution declared by BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund?

The latest distribution declared is $0.035 per share, payable on June 21, 2024.

When is the ex-dividend date for DCF's upcoming distribution?

The ex-dividend date for the upcoming distribution is June 6, 2024.

How does the latest distribution compare to the previous month's distribution?

The latest distribution of $0.035 per share is the same as the amount declared in April 2024.

What is BNY Mellon Investment Management's asset under management as of March 31, 2024?

BNY Mellon Investment Management manages $2.0 trillion in assets as of March 31, 2024.

What are the risks associated with investing in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund?

The Fund's investment returns and principal values can fluctuate, and there is no assurance of achieving its investment objective.