Welcome to our dedicated page for BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund news (Ticker: xalcx), a resource for investors and traders seeking the latest updates and insights on BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund stock.
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (symbol: XALCX) is a closed-end management investment company. It aims to provide high current income and capital appreciation by investing in a diversified portfolio of non-investment-grade corporate debt securities. The fund's strategy focuses on global credit markets, seeking to take advantage of opportunities across various industries and geographies. With a target term ending in 2024, investors can benefit from a fixed termination date. BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. strives to deliver value to shareholders through disciplined credit analysis, risk management, and active portfolio management.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.
FAQ
What is the investment focus of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.?
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What sets BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. apart from other investment options?
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Is BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. suitable for income-seeking investors?
What is the role of BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. in the latest news?
How does the fund navigate the complexities of non-investment-grade corporate debt securities?
What benefits does the target term ending in 2024 provide to investors?
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