BNY Mellon Municipal Closed-End Fund Announces Proposed Reorganization With and Into a BNY Mellon Municipal Open-End Fund
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 07 2025
0mins
Source: Businesswire
Fund Reorganization: BNY Mellon Municipal Income, Inc. plans to reorganize into BNY Mellon AMT-Free Municipal Bond Fund, pending stockholder approval at a special meeting on June 2, 2025, with shares expected to be delisted from NYSE shortly thereafter.
Redemption and Termination Notices: The Fund intends to redeem all outstanding Variable Rate MuniFund Term Preferred Shares by April 2, 2025, and will terminate its dividend reinvestment plan effective June 6, 2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
