BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Distribution

Rhea-AI Summary

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) declares a distribution of $0.0300 per share of common stock, payable on April 1, 2024, to shareholders of record on March 19, 2024. The ex-dividend date is March 18, 2024. The Fund aims to provide regular monthly distributions based on its projected performance.

NEW YORK--(BUSINESS WIRE)-- BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0300 per share of common stock, payable on April 1, 2024 to shareholders of record at the close of business on March 19, 2024. The ex-dividend date is March 18, 2024. The previous distribution announced in February was $0.0300 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 Management is one of the world’s largest asset managers, with $2.0 trillion in assets under management as of December 31, 2023. Through a client-first approach, BNY Mellon Investment Management 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 Mellon. Additional information on BNY Mellon Investment Management is available on www.bnymellonim.com. Follow us on LinkedIn for the latest company news and activity.

BNY Mellon Investment Management is a division of BNY Mellon, which has $47.8 trillion in assets under custody and/or administration as of December 31, 2023. Established in 1784, BNY Mellon is America’s oldest bank. Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellonim.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 (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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240304378424/en/

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

Source: BNY Mellon Municipal Bond Infrastructure Fund, Inc.

FAQ

What is the distribution per share announced by BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB)?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) declared a distribution of $0.0300 per share of common stock.

When is the payment date for the distribution by BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB)?

The payment date for the distribution by BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) is April 1, 2024.

What is the ex-dividend date for the distribution by BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB)?

The ex-dividend date for the distribution by BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) is March 18, 2024.

What is the Fund's approach to maintaining stable distributions?

The Fund may pay out less than all of its net investment income or return capital to maintain a stable level of distributions.

What is the total assets under management for BNY Mellon Investment Management?

BNY Mellon Investment Management has $2.0 trillion in assets under management as of December 31, 2023.

What is the corporate brand of The Bank of New York Mellon Corporation?

The corporate brand of The Bank of New York Mellon Corporation is BNY Mellon.