Bulldog Investors LLP Purchases 158,768 Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB

Bulldog Investors LLP increased its position in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 91.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 331,979 shares of the company’s stock after acquiring an additional 158,768 shares during the period. Bulldog Investors LLP’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $3,552,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Pathstone Holdings LLC raised its position in BNY Mellon Municipal Bond Infrastructure Fund by 33.9% in the third quarter. Pathstone Holdings LLC now owns 1,331,675 shares of the company’s stock valued at $14,249,000 after purchasing an additional 337,294 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 11.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 958,161 shares of the company’s stock valued at $10,252,000 after buying an additional 99,220 shares during the period. Riverbridge Partners LLC raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 2.6% in the 3rd quarter. Riverbridge Partners LLC now owns 172,347 shares of the company’s stock valued at $1,844,000 after buying an additional 4,370 shares during the last quarter. Guggenheim Capital LLC boosted its position in BNY Mellon Municipal Bond Infrastructure Fund by 22.1% during the 2nd quarter. Guggenheim Capital LLC now owns 157,883 shares of the company’s stock worth $1,614,000 after buying an additional 28,564 shares during the period. Finally, Van ECK Associates Corp increased its position in BNY Mellon Municipal Bond Infrastructure Fund by 5.9% in the 3rd quarter. Van ECK Associates Corp now owns 133,404 shares of the company’s stock valued at $1,427,000 after acquiring an additional 7,384 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Stock Down 0.2%

DMB stock opened at $10.89 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 52-week low of $9.58 and a 52-week high of $11.28. The company has a fifty day moving average price of $11.06 and a 200-day moving average price of $10.78.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th will be given a $0.042 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, March 17th.

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.