BNY Mellon Municipal Bond Infrastructure Fund, Inc. DMB today announced a monthly cash distribution of $0.04 per common share, payable December 1, 2022 to shareholders of record on November 10, 2022 with an ex-dividend date of November 9, 2022. Dividend paid on capital gains of 0.04 $ per share represents a decrease of $0.013 from the previously declared monthly net investment income dividend of $0.053 per share.
This distribution reduction primarily reflects the lower interest rate environment that previously existed in the market for the reinvestment of proceeds from coupon payments and from canceled, sold and/or maturing securities held or held by the Fund, the higher borrowing costs that currently borne by the Fund.
Important information
BNY Mellon Investment Adviser, Inc., the Fund’s investment adviser, is part of BNY Mellon Investment Management. BNY Mellon Investment Management is one of the world’s largest wealth managers with $1.8 trillion in assets under management (as of September 30, 2022). Through an investor-first approach, BNY Mellon Investment Management offers clients the best of both worlds: expertise from eight investment firms offering solutions across all major asset classes, backed by the strength, stability and global reach of BNY Mellon. For more information on BNY Mellon Investment Management go to www.bnymellonim.com.
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