Bny Mellon Strategic Municipals, Inc. Reports Earnings Results for the Full Year Ended September 30, 2019
November 29, 2019 at 11:00 am EST
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BNY Mellon Strategic Municipals, Inc. announced earnings results for the full year ended September 30, 2019. For the full year, the company announced net income was USD 53.260 million compared to USD 0 a year ago.
BNY Mellon Strategic Municipals, Inc. (the Fund) is a diversified closed-end management investment company. The Fundâs investment objective is to maximize income exempt from federal income tax to the extent consistent with the preservation of capital. BNY Mellon Investment Adviser, Inc. (the Adviser) serves as the fundâs investment adviser. Under normal market conditions, the fund invests at least 80% of its net assets in municipal obligations. Generally, the fund invests at least 50% of its net assets in municipal bonds considered investment grade or the unrated equivalent as determined by BNY Mellon Investment Adviser, Inc. in the case of bonds, and in the two categories or the unrated equivalent as determined by the Adviser in the case of short-term obligations having or deemed to have maturities of less than one year. BNY Mellon Investment Adviser, Inc. serves as investment adviser of the Fund.
BNY MELLON STRATEGIC MUNICIPALS, INC. 
