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

BNY Mellon Strategic Municipal Bond Fund Inc > keep DSM on your ZAMBIAN radar

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Comment by Tree2treeon Aug 16, 2022 1:33pm

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RE:keep DSM on your ZAMBIAN radar

DSM has no money so they are not ready. They will have to raise money at low share prices (maybe after a share rollback) and dilute papy's shares before they can be ready for exploration.

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