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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.


NYSE:DSM - Post by User

Comment by Tree2treeon Apr 04, 2022 11:06am
87 Views
Post# 34573074

RE:Reddit post

RE:Reddit postQuoting from the reddit post:  "Having listened to several interviews given by the CEO, Pierre Lveill I am hopeful that the judge will rule in favour of $DSM.V. While admittedly only hearing one side of the debate..."

At least the writer admits to basing his opinion on the one-sided hype and very selective and unverifiable information provided by the ceo, whose job and life savings depend on promoting this company.  If there were only one side to the debate, the judge could have ruled by now.  We are more in the dark now than when the news of the cancellation first came out.  The difference now is that there will clearly not be a quick process to resolve the issue, and it is increasingly doubtful that DSM will survive long enough to see a resolution.


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