DMB Stockholders Vote to Support Board Nominees and Against Board Declassification in Preliminary Results of 2026 Annual Stockholder Meeting

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NEW YORK--(BUSINESS WIRE)-- BNY Mellon Investment Adviser, Inc. announced today that the three incumbent Board nominees for BNY Mellon Municipal Bond Infrastructure Fund, Inc. (“DMB”) will continue to steward the Fund, according to preliminary voting results of the Fund’s annual stockholders meeting held on August 27, 2026. A dissident stockholder, Saba Capital Management, L.P. (“Saba”) had put forth its own nominee for election at the Fund’s meeting.

The preliminary voting results follow recommendations from proxy advisory firms, Glass Lewis and Egan-Jones, that stockholders of the Fund vote in favor of the Fund’s three incumbent nominees ahead of the Fund’s annual stockholders meeting. In making their recommendations, Glass Lewis and Egan-Jones rejected the dissident’s nominee, noting that a review of performance for the Fund had shown that a compelling case for change had not been made.

Stockholders of the Fund also decisively voted against a proposal to amend the Fund’s charter in order to declassify the Fund’s Board of Directors. The inclusion of this proposal on the Fund’s proxy statement was the result of a non-binding proposal submitted by Saba last year.

Copies of the Fund’s most recent Annual Report to Stockholders are available at www.bny.com/closed-end-funds.

Important Information

BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.2 trillion in assets under management as of June 30, 2026. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.

BNY Investments is a division of BNY, which has $62.6 trillion in assets under custody and/or administration as of June 30, 2026. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BNY). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our 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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260901674444/en/

For Press Inquiries:
BNY Mellon Investment Adviser, Inc.
Jessica Greaney
jessica.greaney@bny.com
Taylor Ventrice
taylor.ventrice@bny.com

For Other Inquiries:
BNY Mellon Securities Corporation
The National Marketing Desk
240 Greenwich Street
New York, New York 10286
1-800-334-6899

Source: BNY Mellon Investment Adviser, Inc.