BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Details of Liquidation
NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) (the "Fund") announced today additional details concerning the liquidation and termination of the Fund. In accordance with the Fund's Charter, the Fund's Board of Directors has approved the termination date of the Fund. The Fund will terminate at the close of business on or about August 29, 2025, approximately the sixth anniversary of the closing date of the Fund's initial public offering (the
Related Questions
What is the projected timeline and process for liquidating the fund's assets, and how might this affect the fund's net asset value leading up to the termination date?
How will the liquidation impact the liquidity and pricing of XALCX shares in the secondary market, and are there any expected abnormal trading volumes or price gaps?
What are the tax implications for shareholders receiving liquidation distributions, and how does this compare to similar fund closures in the credit space?