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Stock impact report

Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc. Announces Exercise of Underwriters' Over-Allotment Option

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (DCF) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc. (the "Fund") announced today that the underwriters of its initial public offering, which was completed on October 31, 2017, have exercised their over-allotment option to purchase an additional 951,206 common shares of the Fund. The gross proceeds of $9,512,060 from the exercise of the over-allotment option bring the total gross amount raised in the Fund's initial public offering to $149,512,060. The closing of the exercise of the over-allotment option occurred today, December 6, 2017. The Fund's common shares are listed on the New York Stock Exchange under the ticker symbol "DCF." The Dreyfus Corporation serves as the investment manager of the Fund and Alcentra NY, LLC serves as the Fund's sub-investment adviser.1 Wells Fargo Securities, Morgan Stanley and UBS Investment Bank were the co-lead underwriter Show less Read more
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