BNY Mellon Strategic Municipal BndFndInc (N:DSM)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 240 E Greenwich St NEW YORK NY 10007-2470 |
| Tel: | N/A |
| Website: | https://public.dreyfus.com |
| IR: | See website |
| Key People | ||
| David Dipetrillo President | Natalya Zelensky Vice President, Assistant Secretary | Joseph W. Connolly Chief Compliance Officer |
| James Bitetto Vice President, Secretary | Deirdre Cunnane Vice President, Assistant Secretary | Sarah S. Kelleher Vice President, Assistant Secretary |
| Jeff S. Prusnofsky Vice President, Assistant Secretary | Amanda Quinn Vice President, Assistant Secretary | Joanne Skerrett Vice President, Assistant Secretary | Peter M. Sullivan Vice President, Assistant Secretary, Chief Legal Officer |
| Business Overview |
| 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. |
| Financial Overview |
| For the six months ended 31 May 2023, BNY Mellon Strategic Municipal BndFndInc revenues decreased 7% to $10M. Net income applicable to common stockholders totaled $5.2M vs. loss of $50.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Unrealized G/L on Investment Secu increase from $54.1M (expense) to $6.4M (income). |
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