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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BNY Mellon Alcentra Gl Credit Income 2024 Target Term Fund Inc | NYSE:DCF | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.004 | 0.04% | 9.01 | 9.05 | 9.01 | 9.05 | 12,402 | 15:55:26 |
Report of Independent Registered Public
Accounting Firm
The Board of Directors of
BNY Mellon Alcentra Global Credit Income 2024 Target
Term Funds, Inc.:
We have examined management'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"), the 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) as of September 30, 2021. Management is responsible for its assertion about the Fund's compliance with those requirements of subsections (b) and (c) of Rule 17f-2 of the Act (the specified requirements). 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 American Institute
of Certified Public Accountants. 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.
Included among our procedures were the following tests
performed as of September 30, 2021, and with respect to
agreement of security purchases and sales, for the period
from August 31, 2021, (the date of the Fund's last
examination) through September 30, 2021:
1. Count and inspection of all securities located in the vault of
The Bank of New York Mellon Corporation in 570
Washington Blvd, Jersey City, NJ 07310 or where
inspection could not be performed, application of
alternative procedures;
2. Confirmation with the Custodian of all securities held,
hypothecated, pledged or placed in escrow or out for
transfer with brokers or pledgees, if any;
3. 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;
4. Reconciliation of the Fund's securities per the books and
records of the Fund to those of the Custodian;
5. Agreement of pending purchase and sale activity for the
Fund as of September 30, 2021, if any, to documentation of
corresponding subsequent bank statements;
6. 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;
7. 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;
8. Review of the BNY Mellon Asset Servicing Custody and Securities Lending Services Service Organization Control Report ("SOC 1 Report") for the period October 1, 2020 - September 30, 2021 and noted no relevant findings were reported in the areas of Asset Custody and Trade Settlement.
We believe that our examination provides a reasonable
basis for our opinion. 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
September 30, 2021, 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 March 23, 2022 March 23, 2022 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 September 30, 2021 and for the period from August 31, 2021 (the date of the Fund's last examination) through September 30, 2021.
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 September 30, 2021, and for the period from August 31, 2021 (the date of the Fund's last examination) through September 30, 2021 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
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