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Stock impact report

Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) Declares Initial Monthly Distribution and Announces Conference Call on Fund Capital Deployment and Market Outlo...

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. (NYSE:DCF) (the "Fund") today announced its initial distribution of $0.054 per share of common stock, payable on January 2, 2018, to shareholders of record at the close of business on December 15, 2017. The ex-dividend date is December 14, 2017. This distribution reflects an annualized distribution rate of 6.48% based on the Fund's $10.00 per share initial public offering (IPO) price. The Fund began trading on the New York Stock Exchange on October 27, 2017. Commencing with this initial distribution, the Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly income dividends. As portfolio and market conditions may change, the distribution rate and the Fund's policy to declare distributions monthly could be changed by the Board of Directors. The Dreyfus Corporati Show less Read more
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