BNY Mellon Municipal Bond Closed-End Funds Declare Distributions

Rhea-AI Summary

BNY Mellon Investment Adviser announced monthly distributions for BNY Mellon Strategic Municipal Bond Fund (DSM) and BNY Mellon Strategic Municipals (LEO). The distributions are $0.018 per share for DSM and $0.019 per share for LEO, payable on June 28, 2024, to shareholders of record on June 14, 2024, with an ex-dividend date of June 14, 2024.

BNY Mellon Investment Management, managing $2.0 trillion in assets, is a division of BNY Mellon, holding $48.8 trillion in assets under custody as of March 31, 2024. BNY Mellon, established in 1784, offers comprehensive financial services globally, trading closed-end funds on secondary markets.

Positive

• Declared distributions for DSM are consistent at $0.018 per share, reflecting stability.
• BNY Mellon Investment Management manages $2.0 trillion in assets, indicating significant market presence.
• BNY Mellon holds $48.8 trillion in assets under custody, showcasing its financial strength.

Negative

• Distribution amounts for DSM and LEO remain unchanged, offering no increased returns for shareholders.
• Shares of closed-end funds may trade at a discount to NAV, which could impact investors negatively.
• There is no assurance that the fund will achieve its investment objectives, posing potential risks for investors.

NEW YORK--(BUSINESS WIRE)-- BNY Mellon Investment Adviser, Inc. announced today that 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 June 28, 2024 to shareholders of record on June 14, 2024, with an ex-dividend date of June 14, 2024.

Fund	Ticker	Monthly Distribution Per Share	Change from Prior Monthly Distribution Per Share
BNY Mellon Strategic Municipal Bond Fund, Inc.	DSM	$0.018	--
BNY Mellon Strategic Municipals, Inc.	LEO	$0.019	--

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/20240530086954/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 Investment Adviser, Inc.

FAQ

What is the distribution per share for DSM in June 2024?

The distribution per share for DSM in June 2024 is $0.018.

When is the ex-dividend date for DSM's June 2024 distribution?

The ex-dividend date for DSM's June 2024 distribution is June 14, 2024.

When will DSM shareholders receive the June 2024 distribution?

DSM shareholders will receive the June 2024 distribution on June 28, 2024.

How does BNY Mellon’s asset management strength reflect in their investment offerings?

With $2.0 trillion in assets under management, BNY Mellon's strength ensures robust investment solutions backed by significant expertise.

What are the risks associated with investing in closed-end funds like DSM?

The risks include potential fluctuation in investment returns, shares trading below NAV, and no assurance of achieving investment objectives.