Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) Declares Initial Monthly Distribution and Announces Conference Call on Fund Capital Deployment and Market Outlook

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Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc. DCF (the "Fund") today announced its initial distribution of $0.054 per share of common stock, payable on January 2, 2018, to shareholders of record at the close of business on December 15, 2017. The ex-dividend date is December 14, 2017. This distribution reflects an annualized distribution rate of 6.48% based on the Fund's $10.00 per share initial public offering (IPO) price. The Fund began trading on the New York Stock Exchange on October 27, 2017.

Commencing with this initial distribution, the Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly income dividends. As portfolio and market conditions may change, the distribution rate and the Fund's policy to declare distributions monthly could be changed by the Board of Directors.

The Dreyfus Corporation ("Dreyfus"), the Fund's investment adviser, and Alcentra NY, LLC ("Alcentra"), the Fund's sub-investment adviser, will host a conference call to discuss the current high yield, senior loan and collateralized loan obligation markets and provide an update with respect to the Fund's investment of capital raised in its IPO. The Fund's portfolio managers, Chris Barris and Kevin Cronk, CFA, will participate on the call.

The information for the call is as follows:

Date:       Tuesday, December 12, 2017
Time:       4:15 p.m.
Toll-Free Dial-in Number:       800-289-0462
Passcode:       049233

To submit a question in advance of the call, please contact the Dreyfus National Sales Desk at 1-800-334-6899.

A replay of the conference call will be made available shortly after the conference call at 888-203-1112. To hear the replay, please use passcode 7706774.

Past performance is no guarantee of future results.

The Fund is a diversified, closed-end investment company that has a limited term of approximately seven years. The Fund normally will invest at least 80% of its managed assets in credit instruments and other investments with similar economic characteristics, including: first lien secured floating rate loans, as well as investments in participations and assignments of such loans; second lien, senior unsecured, mezzanine and other collateralized and uncollateralized subordinated loans; corporate debt obligations other than loans; and structured products, including collateralized bond, loan and other debt obligations, structured notes and credit-linked notes. The Fund's assets will be allocated to certain credit strategies, focusing on senior and subordinated loans, corporate debt, special situations investments and structured credit instruments, and among different types of credit instruments within those credit strategies based on absolute and relative value considerations and analysis of the credit markets.

Shares of closed-end investment companies, such as the Fund, typically trade on a national stock exchange, and these shares frequently trade at a discount to their net asset value, which may increase investors' risk of loss. Past performance is no guarantee of future results.

In seeking to achieve its investment objectives, the Fund currently intends to set aside and retain in its net assets a portion of its net investment income, and possibly all or a portion of its capital gains. This will reduce the amounts otherwise available for distribution to shareholders, and the Fund may incur taxes on such retained amounts. The Fund will continue to pay at least the percentage of its net investment income and any capital gains necessary to maintain its status as a regulated investment company for U.S. federal income tax purposes. In addition, the actual composition and character of the distribution described above and future distributions of the Fund may be materially different from the composition or character of such distributions that existed at the time of this press release. Factors that may affect Fund distributions include the varied nature of the Fund's investments and the performance of those investments, and that the ultimate characterization of the Fund's distributions cannot finally be determined until the end of the Fund's fiscal year, resulting in the possibility of a return of capital if the Fund makes total distributions during a fiscal year in an amount that exceeds the Fund's net investment income and net realized capital gains for the fiscal year. As a result of the foregoing and other factors, no assurance can be given as to the actual composition or character of Fund distributions at the time of this press release by the Fund, Dreyfus, Alcentra, nor any of their affiliates, trustees, directors, members, officers or employees.

About Dreyfus

As part of BNY Mellon Investment Management, Dreyfus is an asset management company that provides individuals, financial advisors, and institutional clients with investment solutions in the U.S. The firm accesses a broad range of investment solutions from BNY Mellon's global network of world-class investment managers, which includes asset classes spanning global, international and domestic equity, fixed income, alternatives, retirement and cash management strategies. Dreyfus offers 150 mutual funds with AUM of $320 billion across long only and money market strategies as of September 30, 2017. The firm originated in 1951 as one of the first mutual fund investment companies.

About Alcentra

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Alcentra NY, LLC and Alcentra Limited (together, the "Alcentra Group") are part of a global asset management firm with assets under management of approximately $34.7 billion1. The Alcentra Group has an investment track record that dates back to 1998. Strategies include: senior loans, high yield bonds, direct lending, structured credit, special situations, and multi-strategy credit. The Alcentra Group is a subsidiary of The Bank of New York Mellon Corporation and is headquartered in London, with offices in New York and Boston.

About BNY Mellon Investment Management

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.8 trillion in assets under management as of September 30, 2017. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. BNY Mellon Investment Management is a division of BNY Mellon, which has $32.2 trillion in assets under custody and/or administration as of September 30, 2017. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation BK. Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

All information source BNY Mellon as of September 30, 2017. This press release is qualified for issuance in the U.S. only and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized.

1 As of September 30, 2017; Assets under management reflect assets of all accounts and portions of client accounts managed by the Alcentra Group and its affiliates. Specifically, certain assets under management reflect assets managed by Alcentra personnel as employees of The Bank of New York Mellon Corporation, Standish Mellon Asset Management LLC, and The Dreyfus Corporation under a dual employee arrangement.

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Posted In: Press Releases
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