Dreyfus Strategic Municipal Bond Fund Inc. Reports Earnings Results for the Six Months Ended May 31, 2012
August 01, 2012 at 04:34 pm EDT
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Dreyfus Strategic Municipal Bond Fund Inc. reported earnings results for the six months ended May 31, 2012. For the period, the company reported net investment income of $13,624,038 or $0.28 per share against $14,067,679 or $0.29 per share for the same period last year. Net investment income paid to preferred shareholders was $13,457,044 or $0.27 per share against $13,785,013 or $0.28 per share for the same period last year. Net asset value per share as at May 31, 2012 was $8.82 against $7.79 as at May 31, 2011.
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. 
