For BNY Mellon Strategic Municipals, Inc. (LEO), funds and accounts managed by Saba Capital Management, L.P., a ten percent owner, purchased 12,583 shares on October 26, 2026, at $5.76 per share. Their reported indirect position after the purchase was 6,559,772 shares. No Rule 10b5-1 plan is reported. Boaz R. Weinstein is managing member of Saba Capital Management GP, LLC, the general partner of Saba Capital Management, L.P.
BNY Mellon Strategic Municipals, Inc. (LEO) reported an indirect purchase of 65,000 common shares by funds and/or accounts managed by ten-percent owner Saba Capital Management, L.P. on October 23, 2026, at $5.68 per share. The reported holdings following the transaction were 6,547,189 shares.
BNY Mellon Strategic Municipals, Inc. (LEO) was the issuer for an indirect purchase reported by its ten percent owner, Saba Capital Management, L.P.: 45,831 common shares on October 21, 2026, at $5.73 per share. The securities are held by funds and/or accounts for which Saba serves as investment manager, and the reported resulting position was 6,482,189 shares. No Rule 10b5-1 plan is reported.
BNY Mellon Strategic Municipals, Inc. (LEO) is the issuer in a joint report by Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated, showing indirect purchases of 183 shares and sales of 183 shares on October 20, 2026. Purchases were 34 shares at $5.7250 and 149 at $5.6689; sales were 149 at $5.7250 and 34 at $5.6550. The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest, if any; Bank of America states it holds an indirect interest through Merrill Lynch. No Rule 10b5-1 plan is reported.
BNY Mellon Strategic Municipals, Inc. (LEO) 10% owner Saba Capital Management, L.P. reported an indirect purchase of 7,724 common shares on October 20, 2026, at $5.72 per share. The shares are held by funds and/or accounts for which Saba Capital Management serves as investment manager; the reported position after the purchase was 6,436,358 shares. Boaz R. Weinstein is managing member of Saba Capital Management GP, LLC, the general partner of Saba Capital Management, L.P. No Rule 10b5-1 plan is reported.
Saba Capital Management, L.P., a reported 10% owner, reported purchases of BNY Mellon Strategic Municipals, Inc. (LEO) common stock totaling 338,104 shares for funds and/or accounts it manages. On October 16, 2026, the accounts purchased 250,087 shares at $5.66 and 72,771 shares at $5.63; on October 19, 2026, they purchased 15,246 shares at $5.67. No Rule 10b5-1 plan is reported. The securities are held by the funds and/or accounts; Boaz R. Weinstein is identified as managing member of Saba Capital Management GP, LLC, Saba Capital Management, L.P.'s general partner.
BNY Mellon Strategic Municipals, Inc. (LEO) is named as issuer in a Form 3 reporting that Saba Capital Management, L.P., a ten percent owner, indirectly held 6,413,388 common shares on October 16, 2026.
BNY Mellon Strategic Municipals, Inc. (LEO) is the subject of a Schedule 13G in which Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC each report shared voting and dispositive power over 3,165,541 common shares, or 5.1% of the class. Client accounts own the shares. The advisers say they may be deemed beneficial owners through shared voting and investment power, but disclaim beneficial ownership under Rule 13d-4. The percentage is based on 62,290,584 shares outstanding as of September 30, 2025. Paul Rasmussen signed as Vice President.
Saba Capital has submitted a preliminary proxy statement seeking election of Paul Kazarian to the board of BNY Mellon Strategic Municipals, Inc. at the upcoming 2026 Annual Meeting. Saba states it and affiliated parties beneficially own 6,076,820 Common Shares, representing 9.76% of outstanding Common Shares based on 62,290,854 shares outstanding as of September 30, 2025. The filing cites the Fund’s discount to NAV at -6.43% and a three‑year average discount of -11.33% (Morningstar, as of April 14, 2026), and solicits GOLD proxy cards to elect the Nominee as a Class II director for a three‑year term to 2029.
The proxy is a contested solicitation: Saba will solicit votes and has retained InvestorCom; Saba will bear solicitation costs. The Nominee is experienced in closed‑end fund strategies and would, if elected, serve as one of ten directors (a minority). Voting and revocation instructions are provided on the GOLD proxy card.