BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.

DCF

Market cap $139M

NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) (the “Fund”) announced today additional details concerning the liquidation of the Fund. In accordance with its investment objectives and organizational documents, the Fund plans to terminate and liquidate on or about November 25, 2024 (the “Termination Date”). As the Fund prepares for its liquidation on the Termination Date, the Fund will deviate from its stated investment strategy and po.

NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.035 per share of common stock, payable on October 24, 2024, to shareholders of record at the close of business on October 9, 2024. The ex-dividend date is October 9, 2024. The previous distribution declared in August was $0.035 per share of common stock. The Fund will be liquidated after the close of business on November 25, 2024. This will be the final distr.

NEW YORK--(BUSINESS WIRE)--On July 25, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.035 per share of common stock, payable on September 3, 2024, to shareholders of record at the close of business on August 8, 2024. The ex-dividend date is August 8, 2024. The previous distribution declared in June was $0.035 per share of common stock. The Fund intends to pay most, but likely not all, of its net income to common shareholders.

NEW YORK--(BUSINESS WIRE)--On June 26, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.035 per share of common stock, payable on July 25, 2024, to shareholders of record at the close of business on July 11, 2024. The ex-dividend date is July 11, 2024. The previous distribution declared in May was $0.035 per share of common stock. The Fund intends to pay most, but likely not all, of its net income to common shareholders in mont.

NEW YORK--(BUSINESS WIRE)--On May 22, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.035 per share of common stock, payable on June 21, 2024, to shareholders of record at the close of business on June 6, 2024. The ex-dividend date is June 6, 2024. The previous distribution declared in April was $0.035 per share of common stock. The Fund intends to pay most, but likely not all, of its net income to common shareholders in month.

NEW YORK--(BUSINESS WIRE)--On April 25, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.035 per share of common stock, payable on May 23, 2024, to shareholders of record at the close of business on May 9, 2024. The ex-dividend date is May 8, 2024. The previous distribution declared in March was $0.035 per share of common stock. The Fund intends to pay most, but likely not all, of its net income to common shareholders in monthl.

There are three types of closed-end fund structures: perpetual, term, and target term. Term funds aim to minimize the discount at which the fund trades versus its share price. Today we have four funds that are nearing their completion dates. JPI, DCF, CBH, and IHTA. We'll go through them one-by-one. Term funds are similar to buying a discounted bond that is nearing its maturity. There are a few other risks that are involved here.

Quantitative screens narrow down attractive closed-end fund candidates for further investigation. "Quality" report focuses on funds with coverage exceeding 100% to potentially reduce the risk of distribution cuts. Rankings provide shortlists for further research, not final buy or sell decisions.

NEW YORK--(BUSINESS WIRE)--On March 27, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.035 per share of common stock, payable on April 25, 2024, to shareholders of record at the close of business on April 11, 2024. The ex-dividend date is April 10, 2024. The previous distribution declared in February was $0.035 per share of common stock. The Fund intends to pay most, but likely not all, of its net income to common shareholder.

NEW YORK--(BUSINESS WIRE)--On February 22, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) 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. The Fund intends to pay most, but likely not all, of its net income to common shareholder.