BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Dates of Quarterly Tender Offer
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the “Fund”) has exciting news for its shareholders. The Fund’s Board of Directors has approved a quarterly tender offer, providing an opportunity for investors to potentially enhance their portfolios. With favorable terms and conditions, this Tender Offer is set to commence on October 17, 2023, and will expire on November 14, 2023, at 5:00 p.m. Eastern Time.
The Tender Offer allows shareholders to tender 2.5% of the Fund’s outstanding shares as of September 30, 2023. The price per share will be determined based on the net asset value as of the same date. This presents an attractive opportunity for investors to capitalize on the Fund’s performance.
To ensure transparency and compliance, the Fund will file the necessary documents with the Securities and Exchange Commission (SEC), including the Offer to Purchase, the Letter of Transmittal, and other related documents. Shareholders will receive these documents, and additional copies can be obtained without charge by contacting Georgeson LLC, the Fund’s Tender Offer information agent.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. is a diversified, closed-end management investment company. It is backed by BNY Mellon Investment Adviser, Inc., which is part of BNY Mellon Investment Management. BNY Mellon Investment Management is a global asset manager with $1.9 trillion in assets under management as of June 30, 2023. With a client-centric approach, BNY Mellon Investment Management offers specialized expertise across major asset classes, supported by the strength and stability of BNY Mellon.
BNY Mellon, the parent company of BNY Mellon Investment Management, is a trusted name in the financial industry. With $46.9 trillion in assets under custody and/or administration as of June 30, 2023, BNY Mellon serves as a single point of contact for clients seeking comprehensive investment solutions. The company’s commitment to excellence and its global presence make it a reliable partner for investors.
Investors should note that the Fund’s investment returns and principal values may fluctuate, and there is no guarantee of achieving the investment objective. However, with the Tender Offer, shareholders have an opportunity to potentially enhance their investment portfolios.
This announcement from BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. presents an exciting opportunity for shareholders. By participating in the Tender Offer, investors can potentially benefit from the Fund’s performance and further diversify their portfolios. With the support of BNY Mellon Investment Management, a leading asset manager, shareholders can have confidence in the expertise and stability behind their investments.