BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF) Declares Distribution

Rhea-AI Summary

BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF) announced a distribution of $0.019 per share, payable on June 28, 2024, to shareholders on record as of June 14, 2024. The ex-dividend date is June 13, 2024. The increase in distribution is attributed to higher yields from investments. BNY Mellon Investment Management, with $2.0 trillion in assets under management, offers solutions across major asset classes.

Positive

• BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF) declared an increased distribution of $0.019 per share, reflecting higher yields on investments.

• BNY Mellon Investment Management manages $2.0 trillion in assets, providing specialist expertise across major asset classes.

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• None.

NEW YORK--(BUSINESS WIRE)-- BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF) today declared a distribution of $0.019 per share of common stock, payable on June 28, 2024 to shareholders of record at the close of business on June 14, 2024. The ex-dividend date is June 13, 2024. The previous dividend declared in April 2024 was $0.015 per share of common stock. The increase to the Fund’s distribution is primarily due to higher yields earned on the Fund’s investments.

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.bnymellon.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 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/20240508982115/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 Income Fund, Inc.

FAQ

What is the distribution per share declared by BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF)?

BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF) declared a distribution of $0.019 per share.

When is the distribution payable to shareholders of BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF)?

The distribution is payable on June 28, 2024.

What is the ex-dividend date for BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF)?

The ex-dividend date is June 13, 2024.

Why did BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF) increase its distribution?

The increase is primarily due to higher yields earned on the Fund's investments.

How much does BNY Mellon Investment Management manage in assets?

BNY Mellon Investment Management manages $2.0 trillion in assets.

Where can I find more information about BNY Mellon Investment Management?

More information about BNY Mellon Investment Management is available on www.bnymellonim.com.