Bulldog Investors boosts DSM (NYSE: DSM) stake to over 6.7% of shares

Rhea-AI Filing Summary

BNY Mellon Strat. Municipal Bond received an amended Schedule 13G/A showing that Bulldog Investors, LLP, Phillip Goldstein, and Andrew Dakos collectively report beneficial ownership of roughly 3.3 million common shares. Bulldog Investors and Dakos each report 3,313,673 shares, or about 6.70% of the class, while Goldstein reports 3,322,673 shares, or about 6.72%.

All three reporting persons state they have no sole voting or dispositive power but share voting and dispositive power over these shares. They certify the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the fund.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

BNY Mellon Strat. Municipal Bond

(Name of Issuer)

Common Stock

(Title of Class of Securities)

09662E109

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 09662E109

1

Names of Reporting Persons

Bulldog Investors, LLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,313,673.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,313,673.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,313,673.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 09662E109

1

Names of Reporting Persons

Phillip Goldstein

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,322,673.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,322,673.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,322,673.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.72 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. 09662E109

1

Names of Reporting Persons

Andrew Dakos

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,313,673.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,313,673.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,313,673.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.7 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BNY Mellon Strat. Municipal Bond
(b)	Address of issuer's principal executive offices: 240 Greenwich Street, New York, NY 10286
Item 2.
(a)	Name of person filing: Bulldog Investors, LLP Phillip Goldstein Andrew Dakos
(b)	Address or principal business office or, if none, residence: Bulldog Investors, LLP: 250 Pehle Ave. Suite 708, Saddle Brook, NJ 07663 Phillip Goldstein: 250 Pehle Ave. Suite 708, Saddle Brook, NJ 07663 Andrew Dakos: 250 Pehle Ave. Suite 708, Saddle Brook, NJ 07663
(c)	Citizenship: Bulldog Investors LLP: Delaware Phillip Goldstein: UNITED STATES Andrew Dakos: UNITED STATES
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 09662E109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Bulldog Investors, LLP: 3,313,673 shares Phillip Goldstein: 3,322,673 shares Andrew Dakos: 3,313,673 shares
(b)	Percent of class: Bulldog Investors, LLP: 6.70 Phillip Goldstein: 6.72 Andrew Dakos: 6.70
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Bulldog Investors, LLP: 0 shares Phillip Goldstein: 0 shares Andrew Dakos: 0
	(ii) Shared power to vote or to direct the vote: Bulldog Investors, LLP: 3,313,673 shares Phillip Goldstein: 3,322,673 shares Andrew Dakos: 3,313,673 shares
	(iii) Sole power to dispose or to direct the disposition of: Bulldog Investors, LLP: 0 shares Phillip Goldstein: 0 shares Andrew Dakos: 0 shares
	(iv) Shared power to dispose or to direct the disposition of: Bulldog Investors, LLP: 3,313,673 shares Phillip Goldstein: 3,322,673 shares Andrew Dakos: 3,313,673 shares
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Clients of Bulldog Investors, LLP, and other accounts for which Messrs. Dakos and/or Goldstein are deemed to be the beneficial owners, are entitled to receive dividends and sales proceeds.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. N/A
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. N/A
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. N/A

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Bulldog Investors, LLP

Signature:	/s/ Andrew Dakos
Name/Title:	Andrew Dakos, Partner
Date:	02/13/2026

Phillip Goldstein

Signature:	/s/ Phillip Goldstein
Name/Title:	Phillip Goldstein
Date:	02/13/2026

Andrew Dakos

Signature:	/s/ Andrew Dakos
Name/Title:	Andrew Dakos
Date:	02/13/2026

FAQ

What does the Schedule 13G/A filing for DSM disclose about ownership?

The Schedule 13G/A shows Bulldog Investors, Phillip Goldstein, and Andrew Dakos collectively report beneficial ownership of about 3.3 million DSM common shares. Each holds more than 6.7% of the fund’s outstanding stock, with only shared voting and dispositive power reported.

How many DSM shares does Bulldog Investors, LLP beneficially own?

Bulldog Investors, LLP reports beneficial ownership of 3,313,673 DSM common shares. This represents about 6.70% of the outstanding class. Bulldog has no sole voting or dispositive power and instead shares both voting and dispositive power over these reported shares with associated parties.

What percentage of DSM does Phillip Goldstein report owning?

Phillip Goldstein reports beneficial ownership of 3,322,673 DSM common shares, equal to approximately 6.72% of the class. He reports zero sole voting or dispositive power, instead sharing voting and dispositive authority over all of these shares with Bulldog Investors and related accounts.

Do the DSM reporting persons intend to influence control of the fund?

The reporting persons certify the DSM shares were acquired and are held in the ordinary course of business. They state the holdings were not acquired and are not held to change or influence control of the issuer, other than activities related to a nomination under Rule 14a-11.

Who is entitled to dividends and sale proceeds from the DSM shares?

Clients of Bulldog Investors, LLP and other accounts for which Phillip Goldstein and Andrew Dakos are deemed beneficial owners are entitled to receive dividends and sales proceeds. The filing notes these accounts may collectively hold more than five percent of DSM’s outstanding common stock.

What voting and dispositive powers are reported over DSM shares?

The filing reports no sole voting or sole dispositive power for any reporting person. Instead, Bulldog Investors, Phillip Goldstein, and Andrew Dakos each report shared voting and shared dispositive power over their respective DSM share totals, consistent with their roles managing client and related accounts.