FIX and REPLACE BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. declares quarterly distribution and special year-end distributions
NEW YORK–(COMMERCIAL THREAD) – In the first paragraph, the third and fourth sentences are corrected as follows: Each distribution will be payable on January 6, 2022 to shareholders of record at the close of business on December 21, 2021. The ex-dividend date is December 20, 2021.
The updated version reads as follows:
BNY MELLON ALCENTRA GLOBAL MULTI-STRATEGY CREDIT FUND, INC. DECLARES A QUARTERLY DISTRIBUTION AND SPECIAL YEAR-END DISTRIBUTIONS
December 7, 2021, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) declared a quarterly distribution of $ 1.75 per common share. In addition, the Fund declared a special year-end distribution of $ 0.82 per common share. Each distribution will be payable on January 6, 2022 to shareholders of record at the close of business on December 21, 2021. The ex-dividend date is December 20, 2021. The previous quarterly dividend declared in August was $ 1.75 per common share. .
For federal income tax purposes, these distributions will be taxable to common shareholders in 2021, although the distributions will be paid in 2022. This press release is not for tax reporting purposes, but is provided for announce the amount of Fund distributions that have been declared by the Board of Directors of the Fund. In early 2022, the Fund will send common shareholders a Form 1099-DIV, detailing how to report these distributions for tax purposes.
The Fund intends to distribute all or a portion of its net investment income to common shareholders on a quarterly basis. In order to allow 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 in any given period. The undistributed income would be available to supplement future distributions. Under normal market conditions, the Fund is managed so that the distributions of the Fund reflect the current and projected profit levels of the Fund. Various factors will affect the Fund’s earnings, including the composition of the Fund’s assets, the average maturity of the Fund’s portfolio and the use of the Fund’s hedge, as well as general market conditions and levels. interest rate. 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 on a quarterly basis may be subject to change, including by the Board of Directors. .
BNY Mellon Investment Adviser, Inc., the Fund’s investment advisor, is part of BNY Mellon Investment Management. BNY Mellon Investment Management is one of the largest asset managers in the world, with $ 2.3 trillion in assets under management as of September 30, 2021. Through an investor-focused approach, BNY Mellon Investment Management offers to clients the best of both worlds: specialized expertise from eight investment firms offering solutions across all major asset classes, backed by the strength, stability and global presence of BNY Mellon. Additional information on BNY Mellon Investment Management is available at www.bnymellonim.com.
BNY Mellon Investment Management is a division of BNY Mellon, which had $ 45.3 trillion in assets in custody and / or administration as of September 30, 2021. BNY Mellon can serve as a single point of contact for clients looking to create, trade , hold, manage, maintain, distribute or restructure investments. BNY Mellon is the corporate mark of Bank of New York Mellon Corporation (NYSE: BK). Further information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our press room at www.bnymellon.com/newsroom for the latest company news.
Investment returns and the Fund’s principal values ââfluctuate 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 press release is for informational purposes only and should not be construed as investment advice or a recommendation of any particular security.