BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) has declared a distribution of $0.035 per share of common stock, scheduled to be paid on May 23, 2024, to shareholders of record as of the close of business on May 9, 2024. The ex-dividend date for this distribution is May 8, 2024. This amount matches the previous distribution announced in March.
The Fund aims to distribute most, though not necessarily all, of its net income to common shareholders in the form of monthly income dividends. However, these distribution details, including the rate and composition, as well as the Fund’s policy regarding monthly declarations, may be subject to change, at the discretion of the Board of Directors, in response to portfolio and market conditions.
BNY Mellon Investment Adviser, Inc., serving as the investment adviser for the Fund, operates within BNY Mellon Investment Management, a leading global asset manager overseeing $2.0 trillion in assets as of March 31, 2024. BNY Mellon Investment Management offers specialized expertise through its seven investment firms, covering various asset classes, and benefits from the comprehensive resources of BNY Mellon. For more information, visit www.bnymellonim.com or follow the company’s updates on LinkedIn.
BNY Mellon, established in 1784, is America’s oldest bank and currently manages assets totaling $48.8 trillion under custody and/or administration as of March 31, 2024. It provides essential services to global capital markets, supporting clients throughout the investment life cycle with comprehensive solutions. BNY Mellon operates under The Bank of New York Mellon Corporation (NYSE: BK). For additional details, visit www.bnymellon.com or stay updated on LinkedIn or through the company’s newsroom.
It’s important to note that closed-end funds like this one are traded on secondary markets through stock exchanges, and their investment returns and principal values can fluctuate, potentially causing shares to trade above (at a premium) or below (at a discount) the net asset value of the fund’s portfolio. There’s no guarantee that the Fund will achieve its investment objective.
This communication is provided for informational purposes only and should not be construed as investment advice or a recommendation regarding any specific security.
