Bulldog Investors LLP Has $5.49 Million Stock Position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB

Bulldog Investors LLP lifted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 30.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 520,749 shares of the company’s stock after acquiring an additional 120,446 shares during the quarter. BNY Mellon Municipal Bond Infrastructure Fund makes up about 1.2% of Bulldog Investors LLP’s investment portfolio, making the stock its 22nd largest position. Bulldog Investors LLP’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $5,489,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $55,000. Kestra Advisory Services LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter valued at about $72,000. Triumph Capital Management acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter valued at about $78,000. Nomura Holdings Inc. bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at about $102,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 1st quarter valued at about $125,000.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.1%

Shares of NYSE:DMB opened at $10.96 on Tuesday. The company has a 50 day moving average of $10.96 and a 200-day moving average of $10.94. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a one year low of $9.85 and a one year high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 17th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 5.5%.

BNY Mellon Municipal Bond Infrastructure Fund Profile

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.