BNY Mellon Strategic Municipal Bond Fund, Inc. Announces Distribution, Payable on November 30, 2021
November 01, 2021 at 12:44 pm EDT
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BNY Mellon Strategic Municipal Bond Fund, Inc. announced a distribution of $0.030 per share of common stock, payable on November 30, 2021 to shareholders of record at the close of business on November 15, 2021. The ex-dividend date is November 12, 2021. The previous distribution announced in September was $0.030 per share of common stock.
BNY Mellon Strategic Municipal Bond Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The Fund ordinarily invests all of its net assets in municipal obligations that provide income exempt from federal personal income tax, and has adopted a fundamental investment policy to invest, under normal market conditions, at least 80% of its net assets in municipal obligations. The Fund may purchase floating and variable rate obligations, municipal derivatives, such as custodial receipt programs created by financial intermediaries, tender option bonds, and participations in municipal obligations. The Fund invests in various industries, including transportation, education, medical, airport, water, power, utilities and multifamily housing. The Fund's investment adviser is BNY Mellon Investment Adviser, Inc.