BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE: DSM) Announces Distribution
November 01 2021 - 12:44PM
Business Wire
BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE: DSM) today
announced a distribution of $0.030 per share of common stock,
payable on November 30, 2021 to shareholders of record at the close
of business on November 15, 2021. The ex-dividend date is November
12, 2021. The previous distribution announced in September was
$0.030 per share of common stock.
The Fund intends to make regular monthly distributions to its
common shareholders at a level rate based on its projected
performance. At times, to maintain a stable level of distributions,
the Fund may pay out less than all of its net investment income or,
in addition to paying out current net investment income, the Fund
may pay out accumulated undistributed income, or may return
capital. As market conditions and portfolio performance may change,
the rate of distributions on the Fund's shares of common stock and
the Fund's distribution policy could change.
Important Information
BNY Mellon Investment Adviser, Inc., the investment adviser for
the Fund, is part of BNY Mellon Investment Management. BNY Mellon
Investment Management is one of the world’s largest asset managers,
with $2.3 trillion in assets under management as of September 30,
2021. Through an investor-first approach, BNY Mellon Investment
Management brings to clients the best of both worlds: specialist
expertise from eight investment firms offering solutions across
every major asset class, backed by the strength, stability, and
global presence of BNY Mellon. Additional information on BNY Mellon
Investment Management is available on www.bnymellonim.com.
BNY Mellon Investment Management is a division of BNY Mellon,
which has $45.3 trillion in assets under custody and/or
administration as of September 30, 2021. BNY Mellon can act as a
single point of contact for clients looking to create, trade, hold,
manage, service, distribute or restructure investments. BNY Mellon
is the corporate brand of The Bank of New York Mellon Corporation
(NYSE: BK). Additional information is available on
www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our
newsroom at www.bnymellon.com/newsroom for the latest company
news.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The Fund 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 the 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.
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For Press Inquiries: BNY Mellon Investment Adviser, Inc.
Courtney Woolston (212) 635-6027 For Other Inquiries: BNY Mellon
Securities Corporation The National Marketing Desk 240 Greenwich
Street New York, New York 10286 1-800-334-6899
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