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

Rhea-AI Summary

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) has announced a distribution of $0.0300 per share, payable on July 1, 2024, to shareholders of record on June 20, 2024. The ex-dividend date is also June 20, 2024. This distribution matches the previous one from May. The Fund aims to provide regular monthly distributions based on projected performance. To maintain stable distributions, it may pay out less than its net investment income or return capital. Market conditions and portfolio performance may cause changes in distribution rates and policies. BNY Mellon Investment Management, a division of BNY Mellon, manages $2.0 trillion in assets as of March 31, 2024, and BNY Mellon holds $48.8 trillion in assets under custody and administration.

Positive

• Announced distribution of $0.0300 per share, providing income to shareholders.
• Consistent monthly distributions, reflecting stable projected performance.
• BNY Mellon Investment Management oversees $2.0 trillion in assets, showcasing strong asset management capabilities.
• BNY Mellon has $48.8 trillion in assets under custody and administration, indicating substantial market influence.

Negative

• Potential changes in distribution rates and policies due to market conditions and portfolio performance.
• Distribution may include return of capital, which may not be sustainable long-term.
• Investment returns and principal values may fluctuate, leading to potential losses for investors.

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 July 1, 2024 to shareholders of record at the close of business on June 20, 2024. The ex-dividend date is June 20, 2024. The previous distribution announced in May 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 March 31, 2024. 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 $48.8 trillion in assets under custody and/or administration as of March 31, 2024. 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/20240604449756/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

When is the DMB distribution payable?

The DMB distribution is payable on July 1, 2024.

What is the ex-dividend date for the DMB distribution?

The ex-dividend date for the DMB distribution is June 20, 2024.

How much is the DMB distribution per share?

The DMB distribution is $0.0300 per share.

Did the DMB distribution amount change from the previous distribution?

No, the DMB distribution amount remains the same as the previous distribution in May, which is $0.0300 per share.

What factors could affect DMB's distribution rates?

Market conditions and portfolio performance could affect DMB's distribution rates and policies.

What is BNY Mellon Investment Management's asset under management as of March 31, 2024?

BNY Mellon Investment Management has $2.0 trillion in assets under management as of March 31, 2024.

How much in assets does BNY Mellon have under custody and administration?

BNY Mellon has $48.8 trillion in assets under custody and administration as of March 31, 2024.