BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc., BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. and BNY Mellon High Yield Strategies Fund Announce Portfolio Manager Changes

NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. announced that its Board of Directors approved, effective January 31, 2021 (the "Effective Date"), the appointment of Jonathan DeSimone as a primary portfolio manager of BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.

In addition, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc., BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) and BNY Mellon High Yield Strategies Fund (NYSE: DHF) (each, a "Fund" and, collectively, the "Funds") announced that, as of the Effective Date, Leland Hart will no longer serve as a primary portfolio manager of the Funds.

BNY Mellon Investment Adviser, Inc. ("BNYM Investment Adviser") will continue to be each Fund's investment adviser, and Alcentra NY, LLC ("Alcentra"), an affiliate of BNYM Investment Adviser, will continue to be the sub-investment adviser to BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. and DCF.

Mr. DeSimone joined Alcentra in September 2020 and is Alcentra's Chief Executive Officer. He chairs Alcentra's Executive Management Committee and is a member of the various Alcentra Investment Committees. Prior to joining Alcentra, Mr. DeSimone worked at Bain Capital Credit (formerly, Sankaty Advisors) from 2002 to 2019, serving as Chief Investment Officer for Liquid Credit from 2012 to 2018 and a member of the firm's Credit Committee from 2008 to 2018. He worked with institutional investors around the world to deploy capital into the high yield, leveraged loan, structured credit, private credit and distressed and special situations markets. He opened the firm's London office in 2005 where he was based until 2009 and previously served as a sector analyst in chemicals and business services.

The investment strategies of the Funds are not changing and, as of the Effective Date, each Fund will be managed by its portfolio management team, as outlined below:

Name of Fund	Primary Portfolio Managers
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.	Chris Barris Kevin Cronk Jonathan DeSimone Hiram Hamilton Graham Rainbow Suhail Shaikh
DCF	Chris Barris Kevin Cronk Hiram Hamilton
DHF	Chris Barris Kevin Cronk

With respect to BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc., each of the primary portfolio managers reviews and recommends the allocation and rebalancing of the Fund's assets across the Fund's various credit strategies, with, as of the Effective Date, final determinations being made by Messrs. Barris and DeSimone. In addition, in connection with Mr. DeSimone's appointment as a primary portfolio manager of the Fund, the Fund's Board of Directors approved, as of the Effective Date, Mr. DeSimone as a "key person" for purposes of a "key person event" (as that term is defined in the Fund's initial public offering prospectus, as supplemented), which, as of the Effective Date, will be triggered if any two of Chris Barris, Kevin Cronk, Jonathan DeSimone or Graham Rainbow depart Alcentra or cease to manage/supervise the affairs of the Fund during the life of the Fund.

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BNY Mellon Investment Adviser, Inc., the investment adviser for the Funds, and Alcentra NY, LLC, the sub-investment adviser for DCF and BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc., are part of 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 US $2.0 trillion in assets under management as of September 30, 2020. BNY Mellon Investment Management encompasses BNY Mellon's affiliated investment management firms, wealth management organization and global distribution companies. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from eight world-class investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of The Bank of New York Mellon Corporation (NYSE: BK), one of the world's most trusted investment partners, which has US $38.6 trillion in assets under custody and/or administration as of September 30, 2020.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally. Additional information on BNY Mellon Investment Management is available on www.im.bnymellon.com. BNY Mellon Investment Management's website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate the website in this release.

This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.