BNY Mellon Municipal Income, Inc. Declares Monthly Distribution Payable on February 26, 2021
January 28, 2021 at 04:06 pm EST
Share
BNY Mellon Municipal Income, Inc. declared monthly distribution of $0.035 per share. The distribution is payable on February 26, 2021 to shareholders of record on February 12, 2021 with an ex-dividend date of February 11, 2021.
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. 