BNY Mellon Strategic Municipal Bond Fund, Inc. Declares Monthly Distribution, Payable on June 30, 2020
May 28, 2020 at 04:09 pm EDT
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BNY Mellon Strategic Municipal Bond Fund, Inc. declared a monthly distribution of $0.030 per share. The distributions are payable on June 30, 2020 to shareholders of record on June 12, 2020, with an ex-dividend date of June 11, 2020.
BNY Mellon Strategic Municipal Bond Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The Fund ordinarily invests all of its net assets in municipal obligations that provide income exempt from federal personal income tax, and has adopted a fundamental investment policy to invest, under normal market conditions, at least 80% of its net assets in municipal obligations. The Fund may purchase floating and variable rate obligations, municipal derivatives, such as custodial receipt programs created by financial intermediaries, tender option bonds, and participations in municipal obligations. The Fund invests in various industries, including transportation, education, medical, airport, water, power, utilities and multifamily housing. The Fund's investment adviser is BNY Mellon Investment Adviser, Inc.
BNY MELLON STRATEGIC MUNICIPAL BOND FUND, INC. 
