BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Announces Completion of Liquidation

Rhea-AI Summary

BNY Alcentra Global Credit Income 2024 Target Term Fund (NYSE: DCF) has completed its planned liquidation on November 25, 2024. The fund was managed by BNY Investment Adviser, part of BNY Investments, which manages $2.1 trillion in assets as of September 30, 2024. BNY Investments operates through seven investment firms and is a division of BNY, which oversees $52.1 trillion in assets under custody and/or administration. BNY, established in 1784, is America's oldest bank and operates as The Bank of New York Mellon (NYSE: BK).

NEW YORK--(BUSINESS WIRE)-- BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) (the “Fund”) announced today that, in accordance with its investment objectives and organizational documents, the Fund completed its liquidation on November 25, 2024 (the “Termination Date”).

Important Information

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 $2.1 trillion in assets under management as of September 30, 2024. Through a client-first approach, BNY Investments 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. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.

BNY Investments is a division of BNY, which has $52.1 trillion in assets under custody and/or administration as of September 30, 2024. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bny.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/20241125695431/en/

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

New York, New York 10286

1-800-334-6899

Source: BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.

FAQ

When did the BNY Alcentra Global Credit Income Fund (DCF) complete its liquidation?

The BNY Alcentra Global Credit Income 2024 Target Term Fund (DCF) completed its liquidation on November 25, 2024.

How much assets under management did BNY Investments have as of September 2024?

BNY Investments had $2.1 trillion in assets under management as of September 30, 2024.

What was the total assets under custody for BNY as of September 2024?

BNY had $52.1 trillion in assets under custody and/or administration as of September 30, 2024.

Why did the BNY Alcentra Global Credit Income Fund (DCF) liquidate?

The fund liquidated in accordance with its investment objectives and organizational documents, as it was a target term fund designed to terminate in 2024.