BNY Mellon Municipal Income, Inc. (NYSE: DMF) Declares Distribution and Announces Reduction in Monthly Distribution Amount
26 Ottobre 2022 - 8:59PM
Business Wire
BNY Mellon Municipal Income, Inc. (NYSE: DMF) today announced a
monthly cash distribution of $0.021 per share of common stock,
payable on December 1, 2022 to shareholders of record on November
10, 2022 with an ex-dividend date of November 9, 2022. The $0.021
per share investment income dividend represents a decrease of
$0.003 from the previously declared monthly net investment income
dividend of $0.024 per share.
This distribution reduction primarily reflects the lower
interest rate environment that had previously existed in the market
for the reinvestment of the proceeds from coupon payments and from
called, sold and/or matured securities that are held, or may be
held, by the Fund and from the higher cost of borrowings currently
being borne by the Fund.
Important Information
BNY Mellon Investment Adviser, Inc., the investment adviser for
the Fund, is part of BNY Mellon Investment Management. BNY Mellon
Investment Management is one of the world’s largest asset managers,
with $1.8 trillion in assets under management as of September 30,
2022. Through an investor-first approach, BNY Mellon Investment
Management brings to clients the best of both worlds: specialist
expertise from eight investment firms offering solutions across
every major asset class, backed by the strength, stability, and
global presence of BNY Mellon. Additional information on BNY Mellon
Investment Management is available on www.bnymellonim.com.
BNY Mellon Investment Management is a division of BNY Mellon,
which has $42.2 trillion in assets under custody and/or
administration as of September 30, 2022. BNY Mellon can act as a
single point of contact for clients looking to create, trade, hold,
manage, service, distribute or restructure investments. BNY Mellon
is the corporate brand of The Bank of New York Mellon Corporation
(NYSE: BK). Additional information is available on
www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our
newsroom at www.bnymellon.com/newsroom for the latest company
news.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The Fund's investment returns and principal
values will fluctuate so that an investor’s shares may be worth
more or less than the original cost. Shares of closed-end funds may
trade above (a premium) or below (a discount) the net asset value
(NAV) of the fund’s portfolio. There is no assurance that the Fund
will achieve its investment objective.
This release is for informational purposes only and should not
be considered as investment advice or a recommendation of any
particular security.
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version on businesswire.com: https://www.businesswire.com/news/home/20221026005935/en/
For Press Inquiries: BNY Mellon Investment Adviser, Inc.
Courtney Woolston (212) 635-6027
For Other Inquiries: BNY Mellon Securities Corporation The
National Marketing Desk 240 Greenwich Street New York, New York
10286 1-800-334-6899
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