BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Distribution
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NEW YORK--(BUSINESS WIRE)--
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB)today announced a distribution of $0.0380 per share of common stock, payable on June 2, 2025 to shareholders of record at the close of business on May 16, 2025. The ex-dividend date is May 16, 2025. The previous distribution announced April 2, 2025 was $0.0300 per share of common stock. The increase to the Fund’s distribution is primarily due to higher yields earned on the Fund’s investments.
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 Investments. BNY Investments is one of the world’s largest asset managers, with $2.0 trillion in assets under management as of March 31, 2025. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.
BNY Investments is a division of BNY, which has $53.1 trillion in assets under custody and/or administration as of March 31, 2025. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news.
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's 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 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 Other Inquiries:
BNY Mellon Securities Corporation
The National Marketing Desk
240 Greenwich Street
New York, New York 10286
1-800-334-6899
Source: BNY Mellon Municipal Bond Infrastructure Fund, Inc.
FAQ
What is the new distribution amount for BNY Municipal Bond Infrastructure Fund (DMB) and when is it payable?
DMB announced a distribution of $0.0380 per share, payable on June 2, 2025, to shareholders of record as of May 16, 2025.
How much did DMB increase its distribution compared to the previous month?
DMB increased its distribution from $0.0300 to $0.0380 per share, representing a 26.7% increase from the previous distribution announced on April 2, 2025.
What is the reason for DMB's distribution increase in May 2025?
The increase in DMB's distribution is primarily due to higher yields earned on the Fund's investments.
How does DMB determine its monthly distribution rates?
DMB sets distribution rates based on projected performance and aims to maintain regular monthly distributions at a stable level, potentially paying from net investment income, accumulated undistributed income, or capital returns.
What are the assets under management of BNY Investments, DMB's parent company?
BNY Investments manages $2.0 trillion in assets under management as of March 31, 2025.
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