0001635295-23-000010.txt : 20230210
0001635295-23-000010.hdr.sgml : 20230210
20230210162038
ACCESSION NUMBER: 0001635295-23-000010
CONFORMED SUBMISSION TYPE: 40-17F2
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20230210
DATE AS OF CHANGE: 20230210
EFFECTIVENESS DATE: 20230210
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
CENTRAL INDEX KEY: 0001627854
IRS NUMBER: 822085232
FISCAL YEAR END: 0831
FILING VALUES:
FORM TYPE: 40-17F2
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-23014
FILM NUMBER: 23612240
BUSINESS ADDRESS:
STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC.
STREET 2: 240 GREENWICH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10286
BUSINESS PHONE: 212-922-6400
MAIL ADDRESS:
STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC.
STREET 2: 240 GREENWICH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10286
FORMER COMPANY:
FORMER CONFORMED NAME: Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc.
DATE OF NAME CHANGE: 20170613
FORMER COMPANY:
FORMER CONFORMED NAME: BNY Mellon Alcentra Multi-Strategy Credit Fund, Inc.
DATE OF NAME CHANGE: 20141212
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
CENTRAL INDEX KEY: 0001627854
IRS NUMBER: 822085232
FISCAL YEAR END: 0831
FILING VALUES:
FORM TYPE: 40-17F2
BUSINESS ADDRESS:
STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC.
STREET 2: 240 GREENWICH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10286
BUSINESS PHONE: 212-922-6400
MAIL ADDRESS:
STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC.
STREET 2: 240 GREENWICH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10286
FORMER COMPANY:
FORMER CONFORMED NAME: Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc.
DATE OF NAME CHANGE: 20170613
FORMER COMPANY:
FORMER CONFORMED NAME: BNY Mellon Alcentra Multi-Strategy Credit Fund, Inc.
DATE OF NAME CHANGE: 20141212
40-17F2
1
r-40172083120223.txt
Report of Independent Registered Public
Accounting Firm
The Board of Directors of
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.:
We have examined management of BNY Mellon Alcentra Global Credit
Income 2024 Target Term Fund, Inc.'s assertion, included in the
accompanying Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940, that BNY
Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (the
"Fund"), a sole series of BNY Mellon Alcentra Global Credit Income
2024 Target Term Fund, Inc., complied with the requirements of
subsections (b) and (c) of Rule 17f-2 under the Investment Company
Act of 1940 (the Act) (the specified requirements) as of August 31,
2022. BNY Mellon Alcentra Global Credit Income 2024 Target Term
Fund, Inc. management is responsible for its assertion. Our
responsibility is to express an opinion on management's assertion about
the Fund's compliance with the specified requirements based on our
examination.
Our examination was conducted in accordance with attestation
standards established by the AICPA. Those standards require that we
plan and perform the examination to obtain reasonable assurance about
whether management's assertion about compliance with the specified
requirements is fairly stated, in all material respects. An examination
involves performing procedures to obtain evidence about whether
management's assertion is fairly stated in all material respects. The
nature, timing, and extent of the procedures selected depend on our
judgement, including an assessment of the risks of material
misstatement of management's assertion, whether due to fraud or error.
We believe that the evidence we obtained is sufficient and appropriate
to provide a reasonable basis for our opinion.
We are required to be independent and to meet our other ethical
responsibilities in accordance with relevant ethical requirements relating
to the engagement.
Included among our procedures were the following tests performed as of
August 31, 2022, and with respect to agreement of security purchases
and sales, for the period from May 31, 2022 (the date of the Fund's last
examination), through August 31, 2022:
1. Confirmation with the Custodian of all securities held, hypothecated,
pledged or placed in escrow or out for transfer with brokers, pledgees,
or transfer agents;
2. Obtained the Custodian reconciliation of security positions held by
institutions in book entry form (e.g., the Federal Reserve Bank, The
Depository Trust Company and various sub-custodians) to Custodian
records and verified that reconciling items were cleared in a timely
manner;
3. Reconciliation of the Fund's securities per the books and records of the
Fund to those of the Custodian;
4. Agreement of pending purchase and sale activity for the Fund
as of August 31, 2022, if any, to documentation of
corresponding subsequent bank statements;
5. Agreement of five security purchases and five security sales or
maturities, since the date of the last examination, from the books
and records of the Fund to corresponding bank statements;
6. Confirmation of all repurchase agreements with broker(s)/bank(s)
and/or agreement of corresponding subsequent cash receipts to bank
statements and agreement of underlying collateral with the Custodian
records, if any;
7. Review of the BNY Mellon Asset Servicing Custody and Securities
Lending Services Service
Organization Control Report ("SOC 1 Report") for the period July 1,
2021 - June 30, 2022 and noted no relevant findings were reported in
the areas of Asset Custody and Trade Settlement.
Our examination does not provide a legal determination on the Fund's
compliance with specified requirements.
In our opinion, management's assertion that the Fund complied with the
requirements of subsections (b) and (c) of Rule 17f-2 of the Investment
Company Act of 1940 as of August 31, 2022, with respect to securities
reflected in the investment accounts of the Fund is fairly stated, in all
material respects.
This report is intended solely for the information and use of
management and The Board of Directors of BNY Mellon Alcentra
Global Credit Income 2024 Target Term Fund, Inc. and the
Securities and Exchange Commission and is not intended to be and
should not be used by anyone other than these specified parties.
/s/ KPMG LLP
New York, New York
February 10, 2023
February 10, 2023
Management Statement Regarding
Compliance With Certain Provisions of the
Investment Company Act of 1940
We, as members of management of BNY Alcentra Global Credit
Income 2024 Target Term Fund, Inc., (the "Fund"), a sole series of
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund,
Inc., are responsible for complying with the requirements of
subsections
(b) and (c) of Rule 17f-2, "Custody of Investments by Registered
Management Investment Companies" of the Investment Company Act
of 1940. We are also responsible for establishing and maintaining
effective internal controls over compliance with those requirements.
We have performed an evaluation of the Fund's compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 as of August 31,
2022 and for the period from May 31, 2022 (the date of the Fund's last
examination) through August 31, 2022.
Based on the evaluation, we assert that the Fund was in compliance
with the requirements of subsections (b) and (c) of Rule 17f-2 of the
Investment Company Act of 1940 as of August 31, 2022 and for the
period from May 31, 2022 (the date of the Fund's last examination)
through August 31, 2022, with respect to securities reflected in the
investment accounts of the Fund.
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
Jim Windels
Treasurer