Dreyfus Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Dividend
March 04, 2019 at 05:11 pm EST
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Dreyfus Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today
announced a distribution of $0.0530 per share of common stock, payable
on April 1, 2019 to shareholders of record at the close of business on
March 19, 2019. The ex-dividend date is March 18, 2019. The previous
dividend announced in February was $0.0530 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.
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BNY Mellon Municipal Bond Infrastructure Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to seek to provide as high a level of current income exempt from regular federal income tax as is consistent with the preservation of capital. The Fund seeks to achieve its investment objective by investing in municipal bonds. Under normal circumstances, the Fund invests at least 80% of its managed assets in municipal bonds issued to finance infrastructure sectors and projects in the United States. Infrastructure sectors and projects include transportation, energy and utilities, social infrastructure, water and environment, and other similar public sectors and projects that support or facilitate the development or improvement of economic, health, and cultural and social standards in the United States. BNY Mellon Investment Adviser, Inc. serves as the Fund's investment advisor. Insight North America, LLC is its sub adviser.