BNY Mellon Strategic Muncipals, Inc. (NYSE: LEO) Declares Distribution and Announces Reduction in Monthly Distribution Amount
01 Noviembre 2021 - 10:45AM
Business Wire
BNY Mellon Strategic Municipals, Inc. (NYSE: LEO) today
announced a monthly cash distribution of $0.030 per share of common
stock, payable on November 30, 2021 to shareholders of record on
November 15, 2021 with an ex-dividend date of November 12, 2021.
The $0.030 per share investment income dividend represents a
decrease of $0.005 from the previously declared monthly net
investment income dividend of $0.035 per share.
This reduction primarily reflects the lower interest rate
environment that has existed in the market for the reinvestment of
the proceeds from coupon payments and from called, sold and/or
matured securities of securities that are held, or may be held, by
the Fund and from the higher cost of borrowings borne by the
Fund.
LEO's accumulated undistributed net investment income was
approximately $1,351,393 as of September 30, 2021.
Important Information
BNY Mellon Investment Adviser, Inc., the investment adviser for
the Fund, is part of BNY Mellon Investment Management. BNY Mellon
Investment Management is one of the world’s largest asset managers,
with $2.3 trillion in assets under management as of September 30,
2021. Through an investor-first approach, BNY Mellon Investment
Management brings to clients the best of both worlds: specialist
expertise from eight investment firms offering solutions across
every major asset class, backed by the strength, stability, and
global presence of BNY Mellon. Additional information on BNY Mellon
Investment Management is available on www.bnymellonim.com.
BNY Mellon Investment Management is a division of BNY Mellon,
which has $45.3 trillion in assets under custody and/or
administration as of September 30, 2021. BNY Mellon can act as a
single point of contact for clients looking to create, trade, hold,
manage, service, distribute or restructure investments. BNY Mellon
is the corporate brand of The Bank of New York Mellon Corporation
(NYSE: BK). Additional information is available on
www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our
newsroom at www.bnymellon.com/newsroom for the latest company
news.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The Fund's investment returns and principal
values will fluctuate so that an investor’s shares may be worth
more or less than the original cost. Shares of closed-end funds may
trade above (a premium) or below (a discount) the net asset value
(NAV) of the fund’s portfolio. There is no assurance that the Fund
will achieve its investment objective. As portfolio and market
conditions change, the distribution rate, the composition of the
distribution and the frequency of distributions by the Fund may be
subject to change, including by the Fund's Board of Directors.
This release is for informational purposes only and should not
be considered as investment advice or a recommendation of any
particular security.
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version on businesswire.com: https://www.businesswire.com/news/home/20211101005774/en/
For Press Inquiries: BNY Mellon Investment Adviser, Inc.
Courtney Woolston (212) 635-6027 For Other Inquiries: BNY Mellon
Securities Corporation The National Marketing Desk 240 Greenwich
Street New York, New York 10286 1-800-334-6899
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