Joseph S. DiMartino and Alan H. Howard and Joni Evans, Class I Directors of Each of BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. Will Not Stand for Re-Election
May 01, 2020 at 10:25 am EDT
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BNY Mellon Strategic Municipal Bond Fund, Inc. (BNYMSMB) and BNY Mellon Strategic Municipals, Inc. (BNYMSM) at AGM to be held on June 16, 2020, announced that the continuing Directors of each Fund who are not standing for election at the meeting in any capacitythat is, Joseph S. DiMartino and Alan H. Howard and Ms. Joni Evans, Class I Directors of each of BNYMSMB and BNYMSMtogether with information as to their positions with the Fund, principal occupations and other board memberships for the past five years, are shown below.
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.
Joseph S. DiMartino and Alan H. Howard and Joni Evans, Class I Directors of Each of BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. Will Not Stand for Re-Election