Bulldog Investors LLP Buys 120,446 Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB

Bulldog Investors LLP lifted its position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 30.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 520,749 shares of the company’s stock after acquiring an additional 120,446 shares during the period. BNY Mellon Municipal Bond Infrastructure Fund makes up approximately 1.2% of Bulldog Investors LLP’s holdings, making the stock its 22nd biggest holding. 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 hedge funds and other institutional investors have also bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the first quarter valued at approximately $125,000. Janney Montgomery Scott LLC boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 10.8% during the first quarter. Janney Montgomery Scott LLC now owns 24,925 shares of the company’s stock worth $263,000 after purchasing an additional 2,425 shares in the last quarter. Sit Investment Associates Inc. bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter worth $2,784,000. Saba Capital Management L.P. grew its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 25.3% in the 4th quarter. Saba Capital Management L.P. now owns 1,565,016 shares of the company’s stock valued at $17,200,000 after buying an additional 315,971 shares during the period. Finally, Guggenheim Capital LLC grew its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 17.0% in the 4th quarter. Guggenheim Capital LLC now owns 434,666 shares of the company’s stock valued at $4,777,000 after buying an additional 63,058 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

DMB opened at $10.96 on Tuesday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 12 month low of $9.85 and a 12 month high of $11.28. The company has a fifty day simple moving average of $10.96 and a 200 day simple moving average of $10.94.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

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

About BNY Mellon Municipal Bond Infrastructure Fund

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.