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 > Red flag oranjes River?

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Comment by Popeye82on Jun 14, 2021 3:01pm

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Post# 33382801

RE:RE:Red flag oranjes River?

CopperKing101 wrote:

HuberPeter wrote:
DSM need a huge amount of water. The river crossed some countries and a agreement will be very difficult.

https://en.m.wikipedia.org/wiki/Orange_River

Interesting would be if there is an option B if it doesn't work in the mid-term future.

peter

CEO has addressed this situation and remains confident that the Nambian draw that's already in place as a 3 or 4 country allotment plan will be available to service their needs. Seems as though another mine site in the region is closing down as their ore is exhausted, thus leaving their allotment open to use. Still, would need to be piped in, about 15 kilometers, but that's already factored in.