BNY Mellon Municipal Bond Infrastructure Fund, Inc. SEC Filings

BNY Mellon Municipal Bond Infrastructure Fund, Inc. is soliciting votes for its virtual 2026 Annual Meeting where stockholders will elect three Class III directors and consider a proposal to amend the Fund's Charter to declassify the Board. The Board unanimously recommends voting FOR its nominees and AGAINST the Charter Amendment on the enclosed WHITE proxy card.

The proxy notice explains the Board's opposition to an activist investor-led nominee and to declassification, cites the Fund's multi-year performance (outperforming the Bloomberg U.S. Municipal Bond Index on an NAV basis in seven of the past ten calendar years) and notes average distributions of $0.0474 per share over ten years. The notice discloses that Saba-related parties have provided notice of an intent to nominate and that Saba and First Trust each report holdings above 6% of Common Stock in the excerpted table.

BNY Mellon Municipal Bond Infrastructure Fund, Inc. delivers its annual certified shareholder report for the fiscal year ended February 28, 2026, presenting audited financial statements, a Schedule of Investments, performance commentary and distribution information. The report shows net assets of $220,097,168, net asset value per share of $11.96, and a 12‑month total return of 3.01% (NAV) with a market price return of 6.92%. The fund discloses portfolio details including $336,394,006 in municipal securities (cost $335,093,749), leverage via $75,000,000 RVMTP preferred shares and $42,495,000 inverse floater notes, and notes material items such as $46,544,378 accumulated capital losses carried forward.

Saba Capital Management and affiliates report an 8.5% stake in BNY Mellon Municipal Bond Infrastructure Fund, Inc. and update their intentions. They collectively beneficially own 1,565,216 common shares, based on 18,405,973 shares outstanding as of 8/31/25.

The group states approximately $16,214,218 was paid to acquire these shares using investor subscription proceeds, capital appreciation, and margin borrowings. On April 10, 2026, a Saba-advised fund notified the fund of its intention to nominate Paul Kazarian as an independent director candidate at the 2026 annual shareholder meeting.

First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation jointly report beneficial ownership of 10.06% — 1,851,290 shares — of Common stock of BNY Mellon Municipal Bond Infrastructure Fund, Inc. as of 03/31/2026. The filing states the position represents shared dispositive power only and is filed pursuant to Rule 13d-1(k)(1). The filing explains unit investment trusts sponsored by First Trust hold the shares, trustees typically vote those shares, and the reporting parties disclaim beneficial ownership. Signatures are dated 04/07/2026.

Saba Capital Management, L.P. and its affiliates report beneficial ownership of 1,546,121 common shares, or 8.4%, of BNY Mellon Municipal Bond Infrastructure Fund, Inc. The filing, Amendment No. 4 to a Schedule 13D, reflects shared voting and shared dispositive power over all of these shares, with no sole voting or dispositive authority reported. The ownership percentage is calculated using 18,405,973 common shares outstanding as of 8/31/25, as disclosed in the fund’s N-CSRS filed 10/28/25. The reporting persons are Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein, acting together as a group.

Saba Capital Management and related entities filed an amended beneficial ownership report on BNY Mellon Municipal Bond Infrastructure Fund, Inc. They report holding 1,337,952 common shares, representing 7.27% of the fund’s outstanding shares, based on 18,405,973 shares outstanding as of August 31, 2025.

The filing states that approximately $13,764,992 was paid to acquire these shares using investor subscription capital, related appreciation and ordinary-course margin borrowings. On December 17, 2025, Saba Capital sent a letter to the fund’s chairman expressing concerns about the fund’s long-term viability, declaring its intent to nominate trustee candidates at the 2026 annual meeting, and encouraging the board to consider a value-enhancing merger.

Allspring Global Investments Holdings, LLC filed a Schedule 13G reporting ownership of 958,161 shares of BNY Mellon Municipal Bond Infr common shares, representing 5.2% of the class as of 09/30/2025. The filer states sole voting power for 688,619 shares and sole dispositive power for all 958,161 shares. The securities are held of record by clients of investment advisers affiliated with the reporting entity; no single client is known to hold more than 5.0% of the class.

The filing is made under the Schedule 13G framework indicating passive/investment-adviser ownership and includes Exhibit A listing subsidiaries and investment-adviser entities. The filing certifies the holdings were acquired in the ordinary course of business and not for the purpose of influencing control.

Lisa M. King filed an initial Form 3 disclosing her relationship to BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB). The form identifies her as a Director and an Officer with the title "VP & Asst Secretary." The event date requiring the statement is 03/31/2024. The filing reports 0 shares of common stock beneficially owned, listed as direct ownership with no indirect holdings or derivative securities disclosed. The document is signed "/s/ Lisa M King" with a signature date of 09/29/2025. No amendments, no derivatives, and no additional explanatory detail are included in the filing.