Welcome to our dedicated page for BNY Mellon Municipal Income news (Ticker: DMF), a resource for investors and traders seeking the latest updates and insights on BNY Mellon Municipal Income stock.
BNY Mellon Municipal Income, Inc. (DMF) provides investors with tax-exempt income through strategic investments in short-term municipal obligations. This page serves as the definitive source for all official company announcements and market-related developments.
Access timely updates including earnings reports, portfolio adjustments, and regulatory filings alongside analysis of strategic initiatives impacting the fund’s municipal bond holdings. Investors gain insights into sectors like education, utilities, and healthcare while monitoring the fund’s capital preservation approach.
Key updates cover investment-grade bond acquisitions, liquidity management, and sector-specific developments within the municipal market. Bookmark this page for efficient tracking of DMF’s performance in managing interest rate risks and tax-exempt income generation.
BNY Mellon Municipal Income (NYSE: DMF) has announced its latest dividend distribution of $0.019 per share of common stock. The distribution will be payable on May 23, 2025, to shareholders of record as of May 14, 2025, maintaining the same dividend level as declared in March.
BNY Investments, the parent division managing the fund, is a major global asset manager with $2.0 trillion in assets under management as of March 31, 2025. The company operates through seven investment firms, offering comprehensive solutions across all major asset classes.
As part of BNY, America's oldest bank established in 1784, the organization oversees $53.1 trillion in assets under custody and/or administration. The fund is traded on the secondary market through stock exchanges, with share values potentially trading at a premium or discount to the net asset value.
BNY Municipal Income (DMF) announced a significant reorganization plan, merging with BNY AMT-Free Municipal Bond Fund, transitioning from a closed-end to an open-end fund structure. The reorganization, scheduled for June 20, 2025, requires stockholder approval at a special meeting on June 2, 2025.
This decision follows stockholders' approval of a non-binding proposal at the June 2024 Annual Meeting to consider measures allowing share monetization at or near net asset value. The Fund's NYSE-listed shares (DMF) will cease trading and be delisted around June 18, 2025.
Additionally, the Fund announced plans to redeem all 1,209 outstanding Variable Rate MuniFund Term Preferred Shares at $25,000 per share plus accumulated dividends, funded through portfolio securities sales. The Fund's dividend reinvestment plan will terminate on June 6, 2025, with the last eligible distribution record date around May 14, 2025.
Special Opportunities Fund (NYSE: SPE) announced the results of BNY Mellon Municipal Income's (NYSE: DMF) annual stockholder meeting on June 12, 2024. Key outcomes include the election of Phillip Goldstein, Andrew Dakos, and Moritz Sell as Class I Directors, the approval of a non-binding proposal to declassify the Board, and the approval of a non-binding proposal for the Board to consider measures to allow stockholders to monetize their shares at a price near net asset value.
BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF) announced a distribution of $0.019 per share, payable on June 28, 2024, to shareholders on record as of June 14, 2024. The ex-dividend date is June 13, 2024. The increase in distribution is attributed to higher yields from investments. BNY Mellon Investment Management, with $2.0 trillion in assets under management, offers solutions across major asset classes.
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