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 August 31, 2023 to shareholders of record on August 10, 2023, with an ex-dividend date of August 9, 2023.

 

 

Fund

 

 

Ticker

Monthly

Distribution

Per Share

Change from Prior Monthly Distribution Per Share

 

BNY Mellon Municipal Income, Inc.

 

DMF

$0.015

--

 

BNY Mellon Strategic Municipal Bond Fund, Inc.

 

DSM

$0.018

($0.004)

 

BNY Mellon Strategic Municipals, Inc.

 

LEO

$0.019

($0.004)

This distribution reduction for BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. primarily reflects the lower interest rate environment that has existed in the market for the reinvestment of the proceeds from coupon payments and from called, sold and/or matured securities of securities that are held, or may be held, by the Funds and from the higher cost of borrowings being borne by the Fund.

For BNY Mellon Strategic Municipal Bond Fund, Inc. the $0.018 per share investment income dividend represents a decrease of $0.004 from the previously declared monthly net investment income dividend of $0.022 per share.

For BNY Mellon Strategic Municipals, Inc. the $0.019 per share investment income dividend represents a decrease of $0.004 from the previously declared monthly net investment income dividend of $0.023 per share.

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 $1.9 trillion in assets under management as of June 30, 2023. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from seven 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 $46.9 trillion in assets under custody and/or administration as of June 30, 2023. 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.

For Press Inquiries: BNY Mellon Investment Adviser, Inc. Sue Watt (212) 815-3757

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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