Dreyfus Strategic Municipal Bond Fund Inc. Announces Earnings Results for the Six Months Period Ended May 31, 2014
July 31, 2014 at 11:38 am EDT
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Dreyfus Strategic Municipal Bond Fund Inc. announced earnings results for the six months period ended May 31, 2014. For the period, the company reported net investment income of $13,188,370 against $12,805,091 a year ago. Net investment income per share was $0.27 against $0.26 a year ago.
Net investment income after dividends paid to preferred shareholders was $13,135,729 or $0.27 per common share against $12,653,341 or $0.25 per common share a year ago. Net asset value at the end of the period net of preferred stock was $420,772,960 or $8.7 per common share against $435,979,870 or $8.88 per common share a year ago. Net asset value at beginning of period net of preferred stock was $389,692,272 or $7.94 per share against $455,705,933 or $9.30 per share 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. 
