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BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Announces Completion of Liquidation

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BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) (the "Fund") announced today that, in accordance with its investment objectives and organizational documents, the Fund completed its liquidation on November 25, 2024 (the "Termination Date").

Important Information

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 $2.1 trillion in assets under management as of September 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.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.

BNY Investments is a division of BNY, which has $52.1 trillion in assets under custody and/or administration as of September 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.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news.

Closed-end funds are traded on the secondary market through one of the stock exchanges. 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. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective.

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

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  • What date did the BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund complete its liquidation?

    The BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. officially completed its liquidation on November 25, 2024, marking the end of the Fund's operations.

  • Who is the investment adviser for the BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, and what is their asset management size?

    BNY Mellon Investment Adviser, Inc. is the investment adviser for the Fund, which is part of BNY Investments—one of the world's largest asset managers with $2.1 trillion in assets under management as of September 30, 2024.

  • What is the total amount of assets under custody and/or administration held by BNY as of September 30, 2024?

    As of September 30, 2024, BNY has $52.1 trillion in assets under custody and/or administration, making it the oldest bank in America, established in 1784.

  • How do closed-end funds like the BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund trade in relation to their net asset value?

    Closed-end funds like the BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund can trade at a price that differs from their net asset value, meaning shares may sell at a premium or a discount based on market conditions.

  • What caution does the release provide regarding the information presented about the BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund?

    The release states that the information provided should not be considered as investment advice or a recommendation of any particular security.

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