Dreyfus Strategic Municipal Bond Fund Inc. Reports Earnings Results for the Full Year Ended November 30, 2013
February 20, 2014 at 05:47 pm EST
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Dreyfus Strategic Municipal Bond Fund Inc. reported earnings results for the full year ended November 30, 2013. For the year, the company reported total net investment income of $26,041,267 or $0.53 per share compared to $26,658,680 or $0.55 per share for the same period a year ago. Net investments income after dividends paid to preferred shareholders was of $25,810,536 or $0.52 per share compared to $26,300,093 or $0.54 per share a year ago.
Net asset value per common stock was $7.94 compared to $9.30 for the same period 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. 
