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08/19/2025 – 01:12 PM
NEW YORK–(BUSINESS WIRE)–BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX), is calling it a day. The fund announced today that it will be liquidating and terminating operations around August 29, 2025, marking its sixth anniversary since the initial public offering. This decision, approved by the Board of Directors, aligns with the Fund’s Charter. Investors can expect the final Net Asset Value (NAV) to be calculated on the termination date, with final distributions slated for the week of September 2, 2025. So, mark your calendars; the clock is ticking.
Important Information
What’s the backstory? BNY Mellon Investment Adviser, Inc., the brainpower behind the fund’s investment strategy, is part of BNY Investments. And BNY Investments? They are a major player, managing a cool $2.1 trillion in assets as of June 30, 2025. They aim to deliver specialized expertise with solutions across all major asset classes. More on BNY Investments can be found at www.bny.com/investments. Stay in the loop via LinkedIn for their latest news.
BNY Investments is a division of BNY, a financial titan boasting $55.8 trillion in assets under custody and/or administration as of June 30, 2025. Established way back in 1784, BNY touts itself as America’s oldest bank. Today, they’re powering capital markets globally, offering solutions to manage financial assets throughout the investment lifecycle. BNY trades on the NYSE under the symbol BK. For more information, visit www.bny.com. You can also find them on LinkedIn or in their newsroom.
Disclaimer: Don’t consider information on BNY Investments’ website to be formally incorporated in this release.
Source: BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.
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