BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable on October 30, 2020 to shareholders of record on October 15, 2020, with an ex-dividend date of October 14, 2020.
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Fund
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Ticker
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Monthly
Distribution
Per Share
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Change from Prior
Monthly
Distribution
Per Share
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BNY Mellon Municipal Income, Inc.
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DMF
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$0.035
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--
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BNY Mellon Strategic Municipal Bond Fund, Inc.
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DSM
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$0.030
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--
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BNY Mellon Strategic Municipals, Inc.
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LEO
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$0.035
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--
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Important Information
BNY Mellon Investment Adviser, Inc., the investment adviser for the Funds, is part of BNY Mellon Investment Management. BNY Mellon Investment Management is one of the world’s leading investment management organizations and one of the top U.S. wealth managers, with US $2.0 trillion in assets under management as of June 30, 2020. BNY Mellon Investment Management encompasses BNY Mellon’s affiliated investment management firms, wealth management organization and global distribution companies. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from eight world-class investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of The Bank of New York Mellon Corporation (NYSE: BK), one of the world’s most trusted investment partners, which has US $37.3 trillion in assets under custody and/or administration as of June 30, 2020.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally. Additional information on BNY Mellon Investment Management is available on www.im.bnymellon.com . BNY Mellon Investment Management’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate the website in this release.
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Funds’ investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund’s portfolio. There is no assurance that each Fund will achieve its investment objective.
This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200929006095/en/
For Press Inquiries:
BNY Mellon Investment Adviser, Inc.
Benjamin Tanner
(212) 635-8676
For Other Inquiries:
BNY Mellon Securities Corporation
The National Marketing Desk
240 Greenwich Street
New York, New York 10286
1-800-334-6899