BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution, Payable on March 21, 2024
February 23, 2024 at 03:33 am IST
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On February 22, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. declared a distribution of $0.035 per share of common stock, payable on March 21, 2024, to shareholders of record at the close of business on March 7, 2024. The ex-dividend date is March 6, 2024. The previous distribution declared in January was $0.035 per share of common stock.
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (the Fund) is a closed-end management investment company. The Fundâs investment objectives are to seek high current income and to return. Under normal market conditions, the fund invests at least 80% of its managed assets in credit instruments and other investments with similar economic characteristics. Such credit instruments include: first lien secured floating rate loans, as well as investments in participations and assignments of such loans; second lien, senior unsecured, mezzanine and other collateralized and uncollateralized subordinated loans; corporate debt obligations other than loans; and structured products, including collateralized bond, loan and other debt obligations, structured notes and credit-linked notes. The Fund focuses its investments on credit instruments of United States and European companies. The Fundâs investment adviser is BNY Mellon Investment Adviser, Inc.