BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Final Results of Quarterly Tender Offer
August 14 2024 - 2:31PM
Business Wire
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the
"Fund") today announced the final results of its quarterly tender
offer (the "Tender Offer") for up to 2.5% of the Fund's issued and
outstanding shares of common stock (the "Shares").
The Tender Offer, which expired at 5:00 p.m. Eastern time on
August 13, 2024, was oversubscribed.
Therefore, in accordance with the terms and conditions of the
Tender Offer, the Fund will purchase Shares from all tendering
shareholders on a pro rata basis, after disregarding fractions,
based on the number of Shares properly tendered ("Pro-Ration
Factor"). The final results of the Tender Offer are provided in the
table below.
Number of Shares Tendered
Number of Tendered Shares to Be
Purchased
Pro-Ration Factor
Purchase Price*
459,508
45,368
.0995030
$92.50
*Purchase Price is equal to 100% of the
Fund's net asset value per Share as of June 30, 2024.
If you have questions about the Tender Offer and hold Shares
through a broker or other nominee holder, you can call your broker
or other nominee holder directly. You may also call Georgeson LLC
("Georgeson"), the Fund's Tender Offer information agent, toll free
at (877) 278-9670, with any questions.
The terms and conditions of the Tender Offer were set forth in
the Fund's Offer to Purchase, the related Letter of Transmittal and
other related documents. The Fund filed with the Securities and
Exchange Commission (the "SEC") a tender offer statement on
Schedule TO and related exhibits, including an Offer to Purchase, a
related Letter of Transmittal and other related documents (the
"Offer Documents"). Shareholders may obtain copies of the Offer
Documents, without charge, by contacting Georgeson toll free at
(877) 278-9670. Shareholders can also obtain the Offer Documents
free of charge on the SEC's website at www.sec.gov.
****
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 Investments. BNY Investments is one of the world’s
largest asset managers, with $2.0 trillion in assets under
management as of June 30, 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 $49.5
trillion in assets under custody and/or administration as of June
30, 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 newsroom for the latest company news.
BNY Investments' 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