BNY Mellon Alcentra Global Multi-Strategy Credit Fund (XALCX)
Filed: 16 Feb 23, 11:53am
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BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.
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FROM THE OFFICE OF THE PRESIDENT
FROM THE OFFICE OF THE PRESIDENT
BNY MELLON ALCENTRA GLOBAL
MULTI-STRATEGY CREDIT FUND, INC.
c/o BNY Mellon Investment Adviser, Inc.
February 21, 2023
Dear Shareholder
First, I want to apologize for all the attention you have received, either through the mail or by phone, regarding the approval of a new sub-advisory agreement with Alcentra NY, LLC ("Alcentra NY"). We understand that the proxy voting process can be a nuisance and easily overlooked; however, in this case, it is an extremely urgent matter as the BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the “Fund”) is in jeopardy of losing Alcentra NY as its sub-adviser. If Fund shareholders do not approve the new sub-advisory agreement, Alcentra NY will no longer be able to serve as sub-adviser and provide daily management and oversight of the Fund's investments. In order for Alcentra NY to continue its sub-advisory duties, the new sub-advisory agreement must be approved by Fund shareholders.
To date, we have held several adjourned meetings to propose the new sub-advisory agreement and have shareholders vote on this matter. At this point, we have reconvened the shareholder meeting for March 1, 2023 and must receive your vote prior to the meeting in order for it to be represented. We are getting closer to meeting the vote requirement but NEED YOUR HELP to get us there. The votes we have received to date have been significantly in favor of the proposal, consistent with management and the Fund Board's recommendation. PLEASE VOTE. If you are unsure how you would like to vote (FOR or AGAINST), you can simply vote Abstain, which is neither a vote FOR or AGAINST, but represents your shares for attendance at the meeting, which is still needed.
At this point, we have not received your vote and would greatly appreciate you acting on this matter now. Please also note that the Fund’s shareholder base is made up of hundreds of investors just like yourself, which makes your vote even more important no matter how many shares you own. Accordingly, your vote is critical to the approval of this proposal. Voting is easy and does not take a lot of time.
For further information about the new sub-advisory agreement and the voting process or to obtain a copy of the Proxy Statement, you can go to https://im.bnymellon.com/proxy or you can call AST Fund Solutions, the Fund's proxy agent, at (877) 361-7968 between the hours of 9:00 a.m. and 10:00 p.m., Eastern Time, Monday through Friday and Saturday 10:00 a.m. to 6 p.m., Eastern Time.
We greatly appreciate your consideration and investment with the BNY Mellon Family of Funds.
Sincerely,
David DiPetrillo
President
BNY Mellon Family of Funds
OFFICIAL BUSINESS_ This document relates to an investment you own in the BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. through your financial intermediary and your rights as a shareholder of the Fund to vote on the proposal. We previously sent you proxy materials related to the proposal and are requesting that you please vote. Thank you.