BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution
December 14 2022 - 11:47AM
Business Wire
On December 14, 2022, BNY Mellon Alcentra Global Credit
Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a
distribution of $0.050 per share of common stock, payable on
January 13, 2023 to shareholders of record at the close of business
on December 29, 2022. The ex-dividend date is December 28, 2022.
The previous distribution declared in November was $0.050 per share
of common stock.
For Federal income tax purposes, these distributions will be
taxable to common shareholders in 2022, although the distributions
will be paid in 2023. This press release is not for tax reporting
purposes, but is being provided to announce the amount of the
Fund's distribution that has been declared by the Fund's Board of
Directors. In early 2023, the Fund will send common shareholders a
Form 1099-DIV, specifying how to report this distribution for tax
purposes.
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 Alcentra Global Credit Income 2024 Target Term 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 $1.8 trillion in assets under management as of September 30,
2022. Through an investor-first approach, BNY Mellon Investment
Management brings to clients the best of both worlds: specialist
expertise from seven investment firms offering solutions across
every major asset class, backed by the strength, stability, and
global presence of BNY Mellon. Additional information on BNY Mellon
Investment Management is available on www.bnymellonim.com.
BNY Mellon Investment Management is a division of BNY Mellon,
which has $42.2 trillion in assets under custody and/or
administration as of September 30, 2022. BNY Mellon can act as a
single point of contact for clients looking to create, trade, hold,
manage, service, distribute or restructure investments. 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 Twitter @BNYMellon or visit our
newsroom at www.bnymellon.com/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.
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
(NAV) 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/20221214005795/en/
For Press Inquiries: BNY Mellon Investment Adviser, Inc.
Courtney Woolston (212) 635-6027
For Other Inquiries: BNY Mellon Securities Corporation The
National Marketing Desk 240 Greenwich Street New York, New York
10286 1-800-334-6899
BNY Mellon Alcentra Gl C... (NYSE:DCF)
Historical Stock Chart
From Jun 2024 to Jul 2024
BNY Mellon Alcentra Gl C... (NYSE:DCF)
Historical Stock Chart
From Jul 2023 to Jul 2024