Want to move my current PSE catalog to new (the default location)

Recently I received help moving my PSE catalog to a new computer. This forum is a great help to average users like me. Thanks to all who helped me. Now to my latest question about PSE 2024.

Using PSE 2024 for Mac OS

The current catalog is in a Custom Location. I want to move it to the PSE default location.

Using the Catalog Manager my question is:

if I select Move Catalog

Select a Location to Move the Catalog  

Catalogs Accessible by the Current User 

and click OK,

will it move my [Current] catalog to the standard Adobe default location - Macintosh: /Users/[User Name]/Library/Application Support/Adobe/Elements Organizer/Catalogs

Thanks in advance.