40-17F2
1
r-40172083120231.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,
2023. BNY Mellon Alcentra Global Credit Income 2024
Target Term Fund, Inc.'s 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
judgment, 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, 2023, and with respect to
agreement of security purchases and sales, for the period
from July 31, 2023 (the date of the Fund's last
examination), through August 31, 2023:
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, if any;
2. Confirmation with the Custodian of all securities held,
hypothecated, pledged or placed in escrow or out for
transfer with brokers, pledgees, or transfer agents, 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 August 31, 2023, if any, to documentation of
corresponding subsequent bank statements;
6. Agreement of five security purchases and five security
sales, since the date of the last examination, from the books
and records of the Fund to corresponding bank statements;
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, 2022 - June
30, 2023 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, 2023, with respect to securities reflected in the
investment account 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
April 5, 2024
April 5, 2024
Management Statement Regarding
Compliance With Certain Provisions of
the Investment Company Act of 1940
We, as members of management of 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., 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, 2023, and
from July 31, 2023 (the date of the Fund's last
examination) through August 31, 2023.
Based on this 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, 2023, and from July 31, 2023 (the date of
the Fund's last examination) through August 31, 2023,
with respect to securities reflected in the investment
account of the Fund.
BNY Mellon Alcentra Global Credit Income 2024 Target
Term Fund, Inc.
Jim Windels
Treasurer
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