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

0

NEW YORK–(BUSINESS WIRE)–February 25, 2022, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Symbol: XALCX) today declared a distribution of $1.75 per common share, payable on April 1, 2022 to shareholders of record at the close of business on March 11, 2022. The ex-dividend date is March 10, 2022. Previous distributions declared in December were a quarterly distribution of $1.75 per common share and a special year-end distribution of $0.82 per common share.

The Fund intends to distribute all or a portion of its net investment income to holders of Common Shares on a quarterly basis. In order to enable the Fund to maintain a more stable quarterly distribution, the Fund may from time to time distribute less than the total amount of income earned during a given period. Undistributed income would be available to supplement future distributions. Under normal market conditions, the Fund is managed so that the Fund’s distributions reflect the current and projected earnings levels of the Fund. A variety of 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 general market conditions and levels. interest rates. As portfolio and market conditions may change, the distribution rate, distribution composition and the Fund’s policy to declare and pay distributions quarterly may be subject to change, including by the Board of Directors. ‘administration.

Important Information

BNY Mellon Investment Adviser, Inc., the Fund’s investment adviser, is part of BNY Mellon Investment Management. BNY Mellon Investment Management is one of the largest asset managers in the world, with $2.4 trillion in assets under management as of December 31, 2021. Through an investor-focused approach, BNY Mellon Investment Management offers to its clients the best of both worlds: the specialized expertise of eight investment firms offering solutions in all major asset classes, backed by the strength, stability and global presence of BNY Mellon. Additional information about BNY Mellon Investment Management is available at www.bnymellonim.com.

BNY Mellon Investment Management is a division of BNY Mellon, which has $46.7 trillion in assets under custody and/or administration as of December 31, 2021. BNY Mellon can serve as a single point of contact for clients seeking to create, trade , hold, manage, maintain, distribute or restructure investments. BNY Mellon is the trademark of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Investment returns and the principal values ​​of the Fund will fluctuate so that an investor’s shares may be worth more or less than the original cost. There can be no assurance that the Fund will achieve its investment objective.

This release is for informational purposes only and should not be considered investment advice or a recommendation of any particular security.

Share.

Comments are closed.