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

Rhea-AI Summary

On June 26, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund (NYSE: DCF) announced a monthly distribution of $0.035 per share, payable on July 25, 2024, to shareholders recorded by July 11, 2024, which is also the ex-dividend date. This matches the previous distribution declared in May. The Fund's policy is to distribute most of its net income to shareholders, though this may change based on market and portfolio conditions. BNY Mellon Investment Adviser, part of BNY Investments, manages the Fund. BNY Investments, a division of BNY, oversees $2.0 trillion in assets and provides specialized investment solutions across major asset classes. BNY has $48.8 trillion in assets under custody and administration as of March 31, 2024, and is one of the oldest banks in America. Closed-end fund shares like those of the Fund may trade at a premium or discount to their net asset value.

NEW YORK--(BUSINESS WIRE)-- On June 26, 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 July 25, 2024, to shareholders of record at the close of business on July 11, 2024. The ex-dividend date is July 11, 2024. The previous distribution declared in May 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 Investments. BNY Investments 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 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.bnymellonim.com. Follow us on LinkedIn for the latest company news and activity.

BNY Investments is a division of BNY, which has $48.8 trillion in assets under custody and/or administration as of March 31, 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.bnymellon.com. Follow us on LinkedIn or visit our 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/20240626846459/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

When was the monthly distribution for BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund (DCF) declared?

The monthly distribution for BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund (DCF) was declared on June 26, 2024.

How much is the monthly distribution per share for DCF?

The monthly distribution per share for DCF is $0.035.

When is the payable date for the DCF distribution?

The payable date for the DCF distribution is July 25, 2024.

What is the ex-dividend date for BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund (DCF) in July 2024?

The ex-dividend date for BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund (DCF) in July 2024 is July 11, 2024.

How does the distribution rate for June 2024 compare to May 2024 for DCF?

The distribution rate for June 2024 is the same as May 2024 for DCF, which is $0.035 per share.

What is the primary investment strategy of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund (DCF)?

The primary investment strategy of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund (DCF) is to distribute most of its net income to common shareholders in monthly income dividends.

Who manages the BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund (DCF)?

BNY Mellon Investment Adviser, Inc., a part of BNY Investments, manages the BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund (DCF).

What are the assets under management by BNY Investments as of March 31, 2024?

As of March 31, 2024, BNY Investments manages $2.0 trillion in assets.

What is the total value of assets under custody and administration by BNY as of March 31, 2024?

As of March 31, 2024, BNY has $48.8 trillion in assets under custody and administration.

Where can I find additional information about BNY Investments?

Additional information about BNY Investments is available on www.bnymellonim.com.

Can the distribution rate and policy of DCF change?

Yes, the distribution rate and policy of DCF may change based on portfolio and market conditions, and decisions by the Board of Directors.