Dreyfus Strategic Municipal Bond Fund Inc. Announces Earnings Results for the Fiscal Year Ended November 30, 2014
February 03, 2015 at 01:39 pm EST
Share
Dreyfus Strategic Municipal Bond Fund Inc. announced earnings results for the fiscal year ended November 30, 2014. For the period, the company reported net investment income was $25,582,261 or $0.52 per share against $26,041,267 or $0.53 per share a year ago. Net investment income after dividends paid to preferred shareholders was $25,482,818 or $0.52 per share against $25,810,536 against $0.52 per share a year ago.
Net asset value at end of November 30, 2014 was $8.57 against $7.94 as at November 30, 2013 a year ago.
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. 
