BNY Mellon Municipal Income, Inc.
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- BNY Mellon Municipal Income, Inc. BNY Mellon Municipal Income, Inc. (NYSE: DMF) operates as a closed-end fixed income mutual fund managed by BNY Mellon Investment Adviser, Inc., a component of BNY Investments; the fund seeks to deliver monthly federal tax-exempt dividends to investors by allocating at least 80% of its assets to investment-grade municipal obligations, primarily those with maturities of less than one year, utilizing fundamental analysis for portfolio construction across U.S. fixed income markets in sectors including education, utilities, transportation, healthcare, and special tax obligations. Formed on October 24, 1988, and domiciled in the United States with headquarters aligned to its New York-based manager, the fund previously operated as Dreyfus Municipal Income, Inc. and historically employed leverage through auction preferred stock and derivatives to enhance returns, while targeting conservative municipal bond exposure within diversified portfolios for tax-sensitive individual and institutional investors. In a major strategic reorganization approved by stockholders on June 2, 2025, the fund merges with and into BNY Mellon AMT-Free Municipal Bond Fund, an open-end series of BNY Mellon Municipal Funds, Inc., with the transaction completing as of the close of business on June 20, 2025, resulting in delisting from the NYSE around June 18, 2025, redemption of all outstanding Variable Rate MuniFund Term Preferred Shares, termination of the dividend reinvestment plan, and conversion of remaining common stockholders' holdings to Class A shares of the acquiring fund at net asset value.
BNY Mellon Investment Adviser, Inc. Announces Closing of Reorganization of BNY Mellon Municipal Income, Inc. With and Into a BNY Mellon Municipal Open-end Fund
BNY Mellon Investment Adviser, Inc. Announces Results of the Stockolder Meeting Relating to the Reorganization of BNY Mellon Municipal Income, Inc. With and Into a BNY Mellon Municipal Open-End Fund
BNY Mellon Municipal Income, Inc. (NYSE: DMF) Announces Distribution
BNY Mellon Municipal Income, Inc. (NYSE: DMF) Announces Distribution
BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
Special Opportunities Fund Announces Results of Annual Meeting of Stockholders of BNY Mellon Municipal Income
BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
CEF Weekly Commentary | Swap Some MAIN Bonds?
BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
BNY Mellon Municipal Bond Closed-end Funds Declare Distributions
Treasury Curve Bear-Steepened; Muni Yields Higher - Muni Fortnightly, August 31, 2020
Treasuries Had A Bear-Steepening Week: Fixed Income Weekly Monitor, August 31, 2020
Rule #1 For Bonds: Don't Lose Money
For Muni Investors, COVID-19 Provides Lessons In Liquidity
Time Runs Out for Dollar Bulls. Is This Time Different?
This growth fund's top 5 holdings have all more than doubled this year
This ‘dire’ economic situation ‘deserves to be called a depression — a pandemic depression’