BNY Mellon Municipal Income, Inc. Declares Monthly Distribution, Payable on August 31, 2022
August 01, 2022 at 05:03 pm EDT
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BNY Mellon Municipal Income, Inc. announced a monthly cash distribution of $0.024 per share of common stock, payable on August 31, 2022 to shareholders of record on August 16, 2022 with an ex-dividend date of August 15, 2022. The $0.024 per share investment income dividend represents a decrease of $0.005 from the previously declared monthly net investment income dividend of $0.029 per share.
BNY Mellon Municipal Income, Inc. (the Fund) is a diversified closed-end management investment company. The Fundâs investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Under normal market conditions, the Fund invests at least 80% of the value of its net assets in municipal obligations and invests in municipal obligations which, at the time of purchase, are rated investment grade or the unrated equivalent as determined by advisor in the case of bonds, and rated in the two highest rating categories or the unrated equivalent as determined by advisor. The Fund may invest more than 25% of the value of its total assets in industrial development bonds which, although issued by industrial development authorities, may be backed only by the assets and revenues of the non-governmental users. BNY Mellon Investment Adviser, Inc. serves as the Fund's investment advisor.
BNY MELLON MUNICIPAL INCOME, INC. 
