BNY Mellon Announces Monthly Distributions for Three Municipal Bond Funds
New York, NY – BNY Mellon Investment Adviser, Inc. recently announced that three of its municipal bond funds have declared monthly distributions for their common shares. The distributions, which are detailed below, are payable on April 30, 2025, to shareholders of record as of April 14, 2025.
Fund Details and Distributions
The following table summarizes the ticker symbols, monthly distributions per share, and C-class shares for each of the affected funds:
| Fund | Ticker | Monthly Distribution Per Share | C-Class Shares |
|---|---|---|---|
| BNY Mellon Municipal Income, Inc. | BMIMX | $0.072 | BMIMX.C |
| BNY Mellon Strategic Municipal Bond Fund, Inc. | BSMNX | $0.072 | BSMNX.C |
| BNY Mellon Strategic Municipals, Inc. | BSMGX | $0.072 | BSMGX.C |
Impact on Individual Investors
For individual investors holding shares in any of these funds, the declared distributions represent a portion of the fund’s income earned during the month. These distributions are typically paid out to shareholders on a regular basis, providing a steady stream of income. Investors who sell their shares before the ex-dividend date (April 14, 2025) will not receive the distribution. Conversely, investors who hold their shares until the record date will be entitled to the distribution.
Global Implications
The municipal bond market plays a significant role in the economy, particularly in the United States. The three funds announced by BNY Mellon represent a small fraction of the overall municipal bond market. The declared distributions are a reflection of the income earned from the bonds held within these funds. As a result, these distributions contribute to the overall economic stability and growth of the municipal bond market.
Conclusion
BNY Mellon’s announcement of monthly distributions for three municipal bond funds offers insight into the income generated from these funds. For individual investors, these distributions represent a steady stream of income. On a larger scale, the municipal bond market plays a crucial role in the economy, and the distributions declared by these funds contribute to the overall stability and growth of this market.
- BNY Mellon Investment Adviser, Inc. announced monthly distributions for three municipal bond funds.
- The distributions are payable on April 30, 2025, to shareholders of record as of April 14, 2025.
- Individual investors holding shares in these funds will receive a portion of the fund’s income earned during the month.
- The municipal bond market plays a significant role in the economy, and these distributions contribute to its overall stability and growth.
