DMF Announces Portfolio Manager Changes
July 20 2016 - 5:31PM
Business Wire
On July 20, 2016, at a meeting of the Board of Directors of
Dreyfus Municipal Income, Inc. (NYSE MKT: DMF), the Board
approved the appointment of Daniel Rabasco as co-primary portfolio
manager for the Fund. Mr. Rabasco will co-manage DMF with Jeffrey
B. Burger, who has served as a co-primary portfolio manager of the
Fund since 2014. The Dreyfus Corporation ("Dreyfus") is the Fund’s
investment adviser.
Mr. Rabasco, CFA, is the Chief Investment Officer for Tax
Sensitive Fixed Income at Standish Mellon Asset Management Company,
LLC ("Standish"), an affiliate of Dreyfus. Prior to being named
CIO, he was Head of Trading for Tax Exempt Bonds, responsible for
managing the municipal bond trading desk. Mr. Rabasco joined
Standish in 1998 from Fleet Investment Advisors. At Fleet he
directed the municipal bond group which managed mutual fund, common
trust fund and high net worth client assets. He was also vice
president and portfolio manager at Evergreen Investments where he
managed national and state specific mutual funds. Mr. Rabasco began
his career in municipal bonds in 1987 at Liberty Insurance Company
as an analyst. He has an M.B.A. from Suffolk University and a B.A.
from Boston College. He has served as a member of the Municipal
Securities Rulemaking Board's Investor Advisory Group (2004-2008),
holds the CFA® designation and has 29 years of investment
experience.
Mr. Burger, CFA, is a Senior Portfolio Manager for Tax Sensitive
Strategies at Standish. He manages tax-sensitive strategies for
institutional, high net worth and mutual fund clients. Previously,
he served as a Senior Analyst for Standish, specializing in land
secured and special tax bonds. Prior to joining Standish in 2009,
Mr. Burger worked at Columbia Management as a portfolio manager and
senior research analyst and previously held a senior level analyst
position at Fitch Ratings. He earned an M.P.A. from the Maxwell
School of Citizenship and Public Affairs at Syracuse University and
a B.A. degree, cum laude, in policy studies and public relations
from Syracuse University. He is a former Chairman, member of the
Executive Committee, and Board of Governors of the National
Federation of Municipal Analysts and is a former president of the
Boston Municipal Analysts Forum. Mr. Burger holds the CFA®
designation and has 18 years of investment experience.
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