Dreyfus Municipal Income Inc. Announces Earnings Results for the Six Months Ended March 31, 2014
June 12, 2014 at 12:49 pm EDT
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Dreyfus Municipal Income Inc. announced earnings results for the six months ended March 31, 2014. For the period, the company reported total investment income of $6,248,714 or $0.30 per common share compared with $6,006,188 or $0.29 per common share a year ago. Net investment income after dividends paid to the preferred shareholders was $6,218,787 or $0.30 per common share compared with $5,923,363 or $0.29 per common share for the same period a year ago.
Net asset value (common stock) was $9.00 per share against $10.43 per share a year ago period.
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. 
