BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Declares Distribution

Rhea-AI Summary

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.

NEW YORK--(BUSINESS WIRE)-- On February 27, 2024, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) declared 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 ex-dividend date is March 11, 2024. The previous distributions declared in December were a quarterly distribution of $2.00 per share of common stock and a special year-end distribution of $2.38 per share of common stock.

The Fund intends to distribute all or a portion of its net investment income to common shareholders on a quarterly basis. To permit the Fund to maintain a more stable quarterly distribution, the Fund may from time to time distribute less than the entire amount of income earned in a particular period. The undistributed income would be available to supplement future distributions. Under normal market conditions, the Fund is managed in a manner such that the Fund’s distributions are reflective of the Fund’s current and projected earnings levels. Various factors will affect the Fund’s earnings, including the Fund’s asset mix, the average maturity of the Fund’s portfolio and the Fund’s use of hedging, as well as broader market conditions and interest rate levels. As portfolio and market conditions may change, the distribution rate, the composition of the distribution and the Fund's policy to declare and pay distributions quarterly may be subject to change, including by the Fund's Board of Directors.

Important Information

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. is a diversified, closed-end management investment company. 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 December 31, 2023. 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 $47.8 trillion in assets under custody and/or administration as of December 31, 2023. 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. BNY Mellon Investment Management's website is intended to allow investors public access to information regarding the Fund and does not, and is not intended to, incorporate the website in this release.

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. There is no assurance that the Fund will achieve its investment objective.

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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 Multi-Strategy Credit Fund, Inc.

FAQ

When is the distribution of $2.00 per share of common stock payable for BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (XALCX)?

The distribution of $2.00 per share of common stock is payable on April 1, 2024.

What is the ex-dividend date for BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (XALCX)?

The ex-dividend date is March 11, 2024.

How often does the Fund intend to distribute its net investment income?

The Fund intends to distribute net investment income to common shareholders on a quarterly basis.

What is the previous quarterly distribution amount declared for BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (XALCX)?

The previous quarterly distribution declared was $2.00 per share of common stock.

What is the special year-end distribution amount declared for BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (XALCX)?

The special year-end distribution declared was $2.38 per share of common stock.