Key Details
Price
$9.24Last Dividend
$0.04Annual ROE
15.23%Beta
0.06Events Calendar
Next earnings date:
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Oct 09, 2024Next split:
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BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund offers an opportunity for investors to buy shares at a discount, with its anticipated liquidation date at the end. The fund's portfolio is invested mostly in below-investment-grade credit quality, and it carries a sizeable allocation of its portfolio to investments outside of the U.S. Risks to consider include the portfolio's maturity extended beyond the anticipated termination date, and a possible extension of the term date for up to six months without shareholder approval.
The BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc. (DCF) is a fixed term closed-end credit fund with a December 2024 maturity. The DCF fund is currently trading at a 5.3% discount to NAV, and its portfolio is estimated to be trading at a 3% discount to par. Combining with the fund's 5.5% distribution, investors may be able to 'lock in' 7-9% forward returns assuming normalized credit losses.
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