BNY Mellon Strategic Municipal Bond Fund Inc V.DSM

Primary Symbol: DSM

BNY Mellon Strategic Municipal Bond Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The Fund ordinarily invests all of its net assets in municipal obligations that provide income exempt from federal personal income tax, and has adopted a fundamental investment policy to invest, under normal market conditions, at least 80% of its net assets in municipal obligations. The Fund may purchase floating and variable rate obligations, municipal derivatives, such as custodial receipt programs created by financial intermediaries, tender option bonds, and participations in municipal obligations. The Fund invests in various industries, including transportation, education, medical, airport, water, power, utilities and multifamily housing. The Fund's investment adviser is BNY Mellon Investment Adviser, Inc.

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BNY Mellon Strategic Municipal Bond Fund Inc > This is an ugly mess. I am so underwater on this deal.

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Comment by up2005on Jan 06, 2022 11:37pm

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Post# 34291694

RE:RE:This is an ugly mess. I am so underwater on this deal.

That is one approach and it makes some sense. It would be a turn-around story and at $ 0.055 you could build up a decent position. I certainly hope that come April/May we are past this problem within the Ministry. Namibia like the DOC require the re-distribution of $$$ to the political parties.

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