Dreyfus Municipal Income Inc. Reports Earnings Results for the Six Months Ended September 30, 2013
December 10, 2013 at 11:57 am EST
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Dreyfus Municipal Income Inc. reported earnings results for the six months ended September 30, 2013. For the six months, the company reported net investment income of $12,089,685 or $0.58 per share compared to $12,841,898 or $0.62 per share a year ago. Net asset value at the end of the period net of preferred stock was $186,506,486 or $9.00 per share compared to $215,759,835 or $10.43 per share a year ago.
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. 
