NEW YORK--(BUSINESS WIRE)--On February 28, 2020, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) today declared a distribution of $2.00 per share of common stock, payable on April 1, 2020 to shareholders of record at the close of business on March 13, 2020. The ex-dividend date is March 12, 2020. The previous dividend declared in November 2019 was $1.625 per share of common stock.
The Fund intends to distribute all or a portion of its net investment income to common shareholders on a quarterly basis. To permit the Fund to maintain a more stable quarterly distribution, the Fund may from time to time distribute less than the entire amount of income earned in a particular period. The undistributed income would be available to supplement future distributions. As portfolio and market conditions may change, the distribution rate, the composition of the distribution and the Fund's policy to declare and pay distributions quarterly may be subject to change, including by the Board of Directors.