BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.
The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects. The remaining portfolio may include other investment-grade municipal obligations and, to a limited extent, non-U.S. municipal securities and derivatives designed to manage interest-rate risk.
BNY Mellon Investment Adviser, Inc. serves as the Fund’s investment adviser, overseeing day-to-day portfolio management and research. Since its 2012 inception, the Fund has been led by a board of trustees comprising independent and affiliated members who provide governance and oversight. The Adviser draws on BNY Mellon’s global fixed-income research capabilities to identify creditworthy issuers and structure allocations across state and local governments nationwide.
Structured for income-oriented investors, BNY Mellon Municipal Bond Infrastructure Fund distributes income on a monthly basis and may employ leverage to pursue its objectives. With its focus on infrastructure-related municipal securities, the Fund aims to deliver tax-efficient cash flow for investors seeking diversification within the U.S. tax-exempt market.
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