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