BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Announces Details of Liquidation
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BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) announced its plan to liquidate on or about November 25, 2024. The Fund will deviate from its stated investment strategy as it prepares for liquidation.
November 12, 2024 | 10:00 pm
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BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. will liquidate by November 25, 2024, deviating from its investment strategy.
The announcement of liquidation typically leads to a decrease in investor confidence and potential sell-off, impacting the stock price negatively in the short term. The deviation from the investment strategy may also concern investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100