BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Sale of $75 Million of Remarketable Variable Rate M...
16 Outubro 2020 - 3:51PM
Business Wire
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB)
announced today the successful sale of $75 million Remarketable
Variable Rate MuniFund Term Preferred Shares (“RVMTP Shares”)
between two “qualified institutional buyers” as defined in Rule
144A under the Securities Act of 1933, as amended (the “Securities
Act”), pursuant to an offering exempt from registration under the
Securities Act.
The Fund posts certain information at
https://im.bnymellon.com/us/en/intermediary/products/closed-end-funds.jsp,
including asset coverage and leverage ratios (within 5 business
days of the last day of each month) and a fact sheet containing
certain statistical information (within 15 business days of the
last day of each month).
Forward Looking Statements
This press release may contain forward-looking statements.
Actual future results or occurrences may differ significantly from
those anticipated in any forward-looking statements due to numerous
factors, including, but not limited to, market developments, legal
and regulatory developments and other additional risks and
uncertainties. The Fund, its investment adviser and its
sub-investment adviser undertake no responsibility to update or
revise any forward-looking statements.
This notice is being provided pursuant to Regulation FD (Fair
Disclosure) to ensure that the Fund’s common and preferred
shareholders have been informed of the Fund’s issuance of RVMTP
Shares.
This press release in neither an offer to sell nor a
solicitation of an offer to buy the RVMTP Shares. No RVMTP Shares
have been registered under the Securities Act or any state
securities laws. Unless so registered, no RVMTP Shares may be
offered or sold in the United States except pursuant to an
exemption from the registration requirements of the Securities Act
and applicable state securities laws, as well as subject to certain
transfer restrictions.
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 leading investment
management organizations and one of the top U.S. wealth managers,
with US $2.0 trillion in assets under management as of September
30, 2020. BNY Mellon Investment Management encompasses BNY Mellon’s
affiliated investment management firms, wealth management
organization and global distribution companies. Through an
investor-first approach, BNY Mellon Investment Management brings to
clients the best of both worlds: specialist expertise from eight
world-class investment firms offering solutions across every major
asset class, backed by the strength, stability, and global presence
of The Bank of New York Mellon Corporation (NYSE: BK), one of the
world’s most trusted investment partners, which has US $38.6
trillion in assets under custody and/or administration as of
September 30, 2020.
BNY Mellon is the corporate brand of The Bank of New York Mellon
Corporation and may also be used as a generic term to reference the
Corporation as a whole or its various subsidiaries generally.
Additional information on BNY Mellon Investment Management is
available on www.im.bnymellon.com. BNY Mellon Investment
Management’s website is intended to allow investors public access
to information regarding the Fund and does not, and is not intended
to, incorporate the website in this release.
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.
This release is for informational purposes only and should not
be considered as investment advice or a recommendation of any
particular security.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201016005620/en/
For Press Inquiries: BNY Mellon Investment Adviser, Inc.
Benjamin Tanner 212-635-8676
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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