NEW YORK--(BUSINESS WIRE)--Mar. 16, 2023--
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund") announced that, at a Special Meeting of Shareholders held on March 16, 2023, shareholders of the Fund approved a new sub-investment advisory agreement between BNY Mellon Investment Adviser, Inc. ("BNYM Investment Adviser"), the Fund's investment adviser, and Alcentra NY, LLC ("Alcentra NY"), the Fund's current sub-adviser (the "New Sub-Advisory Agreement"), effective as of March 17, 2023. Accordingly, Alcentra NY continues to serve as sub-adviser to the Fund pursuant to the New Sub-Advisory Agreement.
As sub-adviser to the Fund pursuant to the New Sub-Advisory Agreement, Alcentra NY, subject to BNYM Investment Adviser's supervision, will continue to provide day-to-day management of the Fund's investments. Alcentra NY, located at 9 West 57th Street, Suite 4920, New York, NY 10019, is a registered investment adviser specializing in sub-investment grade corporate credit investment strategies. Alcentra NY was founded in 2002 and, together with Alcentra Limited, managed more than $36 billion in assets as of December 31, 2022. Alcentra NY is a subsidiary of Franklin Resources, Inc., a global investment management organization operating as Franklin Templeton, which, through its specialist investment managers, offers boutique specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives, and multi-asset solutions.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. is a diversified, closed-end management investment company. BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management. BNY Mellon Investment Management is one of the world's largest asset managers, with $1.8 trillion in assets under management as of December 31, 2022. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from seven investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY Mellon. Additional information on BNY Mellon Investment Management is available on www.bnymellonim.com.
BNY Mellon Investment Management is a division of BNY Mellon, which has $44.3 trillion in assets under custody and/or administration as of December 31, 2022. 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 (NYSE: 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.
BNY Mellon Investment Management's website is intended to allow investors public access to information regarding the Fund and does not, and is not intended to, incorporate the website in this release.
The Fund's investment returns and principal values will fluctuate so that an investor's shares may be worth more or less than the original cost. There is no assurance that the Fund will achieve its investment objective.
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Source: BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.