BNY Mellon Strategic Municipals SEC Filings

BNY Mellon Strategic Municipals, Inc. filed an initial insider ownership report for a board director of the fund. As of the event date of 01/01/2026, the director reported beneficial ownership of 0 shares of the company’s common stock, par value $0.001 per share, held in direct form. The report is filed as a single-person filing, indicating only this director’s position and current lack of share ownership.

BNY Mellon Investment Adviser, Inc. filed an initial statement of beneficial ownership as a director of BNY Mellon Strategic Municipals, Inc. (LEO). As of the event date of 01/01/2026, the filing reports beneficial ownership of 0 shares of common stock, par value $0.001 per share, and shows no derivative securities. The form is filed by one reporting person and reflects the firm’s director role rather than an ownership stake.

BNY Mellon Strategic Municipals, Inc. reported an initial statement of beneficial ownership for a director of the fund. As of 01/01/2026, the reporting person disclosed beneficial ownership of 0 shares of the company’s common stock, par value $0.001 per share, held directly. The filing also shows no derivative securities, such as options or warrants, held by this director.

The form is filed as an individual reporting person filing and is signed by Amanda Quinn as attorney-in-fact on 01/05/2026, documenting that this director currently does not own shares or derivatives of BNY Mellon Strategic Municipals, Inc. under the applicable reporting rules.

Saba Capital Management and related reporting persons disclosed a significant stake in BNY Mellon Strategic Municipals, Inc., holding 6,076,820 common shares. This represents 9.76% of the fund’s common shares, based on 62,290,854 shares outstanding as of September 30, 2025. The group reports shared voting and dispositive power over all of these shares and indicates that approximately $35,993,261 was paid to acquire them, using investor subscription proceeds, capital appreciation, and margin borrowings.

The amendment states that the group’s current purpose includes an intention to nominate Paul Kazarian as an independent director for election to the board at the issuer’s 2026 annual shareholder meeting, signaling an active governance interest in the closed-end fund.

Saba Capital Management, L.P., Saba Capital Management GP, LLC and Boaz R. Weinstein report beneficial ownership of 6,076,820 common shares of BNY Mellon Strategic Municipals, Inc., representing 9.76% of the company’s common stock based on 62,290,854 shares outstanding as of September 30, 2025.

The reporting persons state that approximately $35,993,261 was used to acquire these shares, funded by investor subscription proceeds, capital appreciation and ordinary-course margin borrowings. They sent a letter to the company’s board chair expressing concerns about the company’s long-term viability, stating an intention to nominate trustee candidates at the 2026 annual meeting of shareholders and encouraging the board to consider a value-enhancing merger.

Saba Capital Management and affiliates filed an amended ownership report disclosing a significant stake in BNY Mellon Strategic Municipals, Inc. They report beneficial ownership of 5,955,945 common shares, representing 9.56% of the outstanding stock, with shared power to vote and dispose of all these shares.

The ownership percentage is based on 62,290,854 shares outstanding as of 9/30/25, as reported in the company’s N-CSR filed 12/2/25. Saba states that approximately $35,231,909 was paid to acquire the reported shares, using investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings. The amendment does not list a specific purpose for the transaction, and items on contracts or special arrangements regarding the shares are marked not applicable.

Lisa M King, identified as Vice President and Assistant Secretary, filed an initial Form 3 for BNY Mellon Strategic Municipals, Inc. (LEO) relating to an event on 03/31/2024. The filing discloses 0 shares of Common Stock, par value $0.001 per share, beneficially owned by the reporting person. The form is signed by Lisa M King with a signature date shown as 09/29/2025. No derivative securities are reported and no indirect ownership is indicated in the submission.

Roberto Gaetano Mazzeo filed an Initial Statement of Beneficial Ownership on Form 3 reporting his relationship to BNY Mellon Strategic Municipals, Inc. (ticker LEO). The filing lists his role as a director and an officer (Assistant Treasurer) and records zero shares of common stock beneficially owned as of the reported transaction date of 06/15/2024. The submission indicates it was filed by one reporting person and is signed by Mr. Mazzeo.