BNY Mellon Strategic Muni Bond SEC Filings

BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) disclosed that a new director has filed an initial insider ownership report. The filing shows the director currently reports beneficial ownership of 0 shares of the fund’s common stock, par value $0.001 per share, held directly. This establishes a baseline ownership position for future insider trading and ownership disclosures.

BNY Mellon Strategic Municipal Bond Fund, Inc. director filing reports beneficial ownership information as of 01/01/2026. The reporting person, identified only through this Form 3, is listed as a director of the fund and indicates beneficial ownership of 0 shares of common stock, par value $0.001 per share, held directly. The filing also shows no derivative securities beneficially owned. This is an initial ownership report required for insiders under U.S. securities laws.

BNY Mellon Strategic Municipal Bond Fund, Inc. reported an initial insider ownership filing for a director connected to the fund. The event date is listed as 01/01/2026, and the filing indicates the individual serves as a Director of the fund. In this initial statement, the director reports beneficial ownership of 0 shares of common stock, par value $0.001 per share, held directly. The filing also shows no derivative securities, such as options or warrants, beneficially owned. The form is filed by one reporting person and is signed by an attorney-in-fact on 01/05/2026.

Saba Capital Management and affiliates have disclosed a significant ownership position in BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and outlined an activist step toward board representation. The group reports beneficial ownership of 5,179,441 common shares, representing 10.31% of the fund’s outstanding common stock, based on 50,247,708 shares outstanding as of August 22, 2025. Approximately $28,937,208 was paid to acquire these shares using investor subscription proceeds, capital appreciation and ordinary-course margin borrowings.

On December 30, 2025, a Saba-advised fund notified the fund of its intention to nominate Paul Kazarian as an independent director candidate for election at the 2026 annual shareholder meeting. The filing clarifies that Saba Capital, its general partner entity, and Boaz R. Weinstein share voting and dispositive power over the reported shares, and that there have been no reported transactions in the stock since a prior amendment filed on December 17, 2025.

Saba Capital Management, L.P. and affiliated reporting persons filed Amendment No. 5 to their Schedule 13D on BNY Mellon Strategic Municipal Bond Fund, Inc., reporting beneficial ownership of 5,179,441.00 common shares, equal to 10.31% of the outstanding shares, based on 50,247,708 shares outstanding as of 8/22/25.

The disclosure notes that approximately $28,937,208 was paid to acquire these shares, using investor subscription proceeds, capital appreciation and ordinary-course margin borrowings secured by portfolio positions.

On 12/17/2025, Saba sent a letter to the fund’s chairman expressing concerns about the fund’s long-term viability, stating its intent to nominate trustee candidates at the 2026 annual meeting of shareholders, and encouraging the board to proactively consider a value‑enhancing merger. The amendment primarily updates source of funds, purpose of transaction, ownership details and related exhibits.

BNY Mellon Strategic Municipal Bond Fund, Inc. reported insider activity by a 10% owner. On 11/28/2025, the reporting person indirectly bought 27,875 shares of common stock at $5.90 per share, bringing indirect beneficial ownership to 5,180,466 shares immediately after that trade.

On the same day, the holder disposed of 1,025 shares at a stated price of $0 under transaction code J, described as a pro-rata in-kind distribution for no consideration, resulting in 5,179,441 common shares indirectly owned after the distribution.

BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) Form 3 shows Lisa M. King filed an initial beneficial ownership statement dated 03/31/2024 indicating her role as Vice President & Assistant Secretary and Director. The filing reports zero shares of the issuer's common stock held beneficially (directly or indirectly). The document includes the reporting person's Wilmington, DE address and a manual signature dated 09/15/2025.

The combined definitive proxy statement for BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. solicits votes at a virtual Special Meeting on November 20, 2025 to elect multiple Class I, II and III directors with staggered terms. Nominees include Francine J. Bovich, Andrew J. Donohue, Bradley J. Skapyak and Roslyn M. Watson, each currently serving on other BNY Mellon funds and nominated by the funds' nominating committees. The Boards describe their oversight role, committee structure (Audit, Nominating, Compensation, Litigation), and ongoing engagement with the adviser, sub‑adviser and service providers for risk and compliance reporting. The statement discloses estimated solicitation expenses for each Fund, EY audit/non‑audit fee breakdowns, officer and director biographies, ownership ranges for board members, and voting instructions for record date September 19, 2025.

Roberto Gaetano Mazzeo filed an initial Form 3 reporting his role with BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and disclosing beneficial ownership information. The filing lists his relationship as an Officer (Assistant Treasurer) and reports 0 shares of the fund's common stock held directly. The form records the event date as 06/15/2024 and is signed by the reporting person.