BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. - XALCX STOCK NEWS

BNY Alcentra Global Multi-Strategy Credit Fund (XALCX) has announced two significant distributions: a quarterly distribution of $2.00 per share and a special year-end distribution of $5.85 per share of common stock. Both distributions will be paid on January 3, 2025, to shareholders of record as of December 27, 2024.

The distributions will be taxable to shareholders in 2024, despite being paid in 2025. The Fund maintains a policy of quarterly distributions of net investment income, with flexibility to distribute less than the total earned amount to ensure stable distributions. The distribution strategy considers various factors including asset mix, portfolio maturity, hedging, and market conditions.

The Fund operates as a diversified, closed-end management investment company under BNY Investment Adviser, part of BNY Investments, which manages $2.1 trillion in assets as of September 30, 2024.

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.

On May 23, 2024, BNY Mellon Alcentra Global Multi-Strategy Credit Fund (XALCX) announced a distribution of $2.00 per share of common stock. This distribution is payable on June 24, 2024, to shareholders recorded by the close of business on June 7, 2024, which is also the ex-dividend date. The Fund aims to maintain quarterly distributions, reflecting its net investment income and broader market conditions. Managed under normal market conditions, the Fund's earnings depend on its asset mix, portfolio maturity, and hedging practices. BNY Mellon Investment Management, a division of BNY Mellon, oversees the Fund, managing $2.0 trillion in assets as of March 31, 2024.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (XALCX) declares a distribution of $2.00 per share of common stock, payable on April 1, 2024, to shareholders of record at the close of business on March 12, 2024. The Fund aims to distribute net investment income quarterly, with the potential for supplemental future distributions based on market conditions.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) declared a quarterly distribution of $2.00 per share of common stock and a special year-end distribution of $2.38 per share. The distributions will be payable on January 12, 2024, to shareholders of record at the close of business on December 28, 2023. The ex-dividend date is December 27, 2023. For Federal income tax purposes, these distributions will be taxable to common shareholders in 2023, although the distributions will be paid in 2024. The Fund intends to distribute all or a portion of its net investment income to common shareholders on a quarterly basis.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. declares a distribution of $2.00 per share of common stock payable on September 28, 2023, to shareholders of record at the close of business on September 14, 2023. The ex-dividend date is September 13, 2023. The Fund intends to distribute all or a portion of its net investment income to common shareholders on a quarterly basis. The previous dividend declared in May 2023 was $2.00 per share of common stock.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. announces quarterly tender offer.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. has declared a distribution of $2.00 per share of common stock, payable on June 27, 2023. The ex-dividend date is June 9, 2023. The Fund intends to distribute all or a portion of its net investment income to common shareholders on a quarterly basis.