BNY Mellon Alcentra Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york--(business wire)--on april 25, 2024, bny mellon alcentra global credit income 2024 target term fund, inc. (nyse: dcf) declared a distribution of $0.035 per share of common stock, payable on may 23, 2024, to shareholders of record at the close of business on may 9, 2024. the ex-dividend date is may 8, 2024. the previous distribution declared in march was $0.035 per share of common stock. the fund intends to pay most, but likely not all, of its net income to common shareholders in monthl.

New york--(business wire)--on march 27, 2024, bny mellon alcentra global credit income 2024 target term fund, inc. (nyse: dcf) declared a distribution of $0.035 per share of common stock, payable on april 25, 2024, to shareholders of record at the close of business on april 11, 2024. the ex-dividend date is april 10, 2024. the previous distribution declared in february was $0.035 per share of common stock. the fund intends to pay most, but likely not all, of its net income to common shareholder.

New york--(business wire)--on february 22, 2024, bny mellon alcentra global credit income 2024 target term fund, inc. (nyse: dcf) declared a distribution of $0.035 per share of common stock, payable on march 21, 2024, to shareholders of record at the close of business on march 7, 2024. the ex-dividend date is march 6, 2024. the previous distribution declared in january was $0.035 per share of common stock. the fund intends to pay most, but likely not all, of its net income to common shareholder.

New york--(business wire)--bny mellon alcentra global credit income 2024 target term fund, inc. (nyse: dcf) declared a distribution of $0.035 per share of common stock, payable on february 23, 2024, to shareholders of record at the close of business on february 8, 2024. the ex-dividend date is february 7, 2024. the previous distribution declared in december was $0.035 per share of common stock. the fund intends to pay most, but likely not all, of its net income to common shareholders in monthly.

New york--(business wire)--on december 13, 2023, bny mellon alcentra global credit income 2024 target term fund, inc. (nyse: dcf) declared a distribution of $0.035 per share of common stock, payable on january 12, 2024, to shareholders of record at the close of business on december 28, 2023. the ex-dividend date is december 27, 2023. the previous distribution declared in november was $0.035 per share of common stock. the fund intends to pay most, but likely not all, of its net income to common.

There are three types of closed-end fund structures: perpetual, term, and target term. Term funds aim to minimize the discount at which the fund trades versus its share price. Today we have four funds that are nearing their completion dates. JPI, DCF, CBH, and IHTA. We'll go through them one-by-one. Term funds are similar to buying a discounted bond that is nearing its maturity. There are a few other risks that are involved here.

Quantitative screens narrow down attractive closed-end fund candidates for further investigation. "Quality" report focuses on funds with coverage exceeding 100% to potentially reduce the risk of distribution cuts. Rankings provide shortlists for further research, not final buy or sell decisions.

For the first month in three, both equity (-1.98% on a NAV basis) and fixed-income CEFs (-0.54%) on average suffered losses. At month end, 12% of all CEFs traded at a premium to their NAV, with 13% of equity CEFs and 11% of fixed income CEFs trading in premium territory. Energy MLP CEFs (-0.59%), for the first month in 12, mitigated losses better than the other classifications in the equity CEF universe for August.

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.

Back in February, I “tricked” ChatGPT into picking stocks to buy. Using creative prompt engineering, I nudged the ordinarily tight-lipped GPT-3.5 version to create a list of 30 stock picks.

In mid-January, I named three penny stocks that could rise 500% in a year . It was an outlandish goal, of course.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund is a fixed income closed end fund. The CEF has a defined maturity date of December 1, 2024 (subject to certain extensions).

2 out of 23 CEF sectors positive on price and 4 out of 23 sectors positive on NAV last week. DEX will merge with AGD.

Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.