The BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) declared a special year-end distribution of $5.85 per share of common stock. This is in addition to its regular quarterly distribution of $2.00 per share, which was also declared.
Both the quarterly and special distributions are payable on January 3, 2025, to shareholders of record as of the close of business on December 27, 2024. For federal income tax purposes, these distributions will be taxable to common shareholders in 2024.
The declaration of a significant special year-end distribution reflects the Fund's strong earnings performance and its policy to distribute net investment income to shareholders. This action demonstrates a commitment to returning value to investors, signaling confidence in the Fund's financial health.
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