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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 25, 2022 10:37am
129 Views
Post# 34628796

RE:April 22 is here today

RE:April 22 is here todayHere we go again.. throwing dates around and imagining that there will be a breakthrough within days.  Look at other similar cases - it will not be days, weeks or months - it will be years to get a 'resolution'.  And the longer it takes, the lower the chances of success, and the higher the chances that DSM will run out of money.

So now DSM has picked up a very cheap exploration property.  Very cheap means very low probability.

So if you choose to hold DSM, (a) it should be with money that you are totally prepared to lose; and (b) you should have patience for a multi-year process on both the litigation and exploration channels.  With several rounds of dilution for DSM to stay alive.
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