BNY Mellon closed-end funds to redeem auction preferred stock

By Mary-Katherine Stinson

Lexington, Ky., July 3 – BNY Mellon Investment Adviser, Inc. announced in a news release that three of BNY Mellon’s closed-end funds will redeem all the funds’ auction preferred stock on the redemption date on or around July 12.

The liquidation price will be $25,000 per depositary share plus any accumulated dividends, estimated to total $25,027 based on the AA rated financial commercial paper interest rate as of June 26.

The relevant closed-end funds, the specific auction preferred stock and the payment date for the redemption are as follows:

• BNY Mellon Municipal Income’s 616 outstanding shares of its series A APS (Cusip: 05589T203) with a payment date of July 18;

• BNY Mellon Municipal Income’s 593 outstanding shares of the series B APS (Cusip: 05589T302) with a payment date of July 20;

• BNY Mellon Strategic Municipal Bond Fund’s 698 outstanding shares of the series A APS (Cusip: 09662E208) with a payment date of July 17;

• BNY Mellon Strategic Municipal Bond Fund’s 662 outstanding shares of the series B APS (Cusip: 09662E307) with a payment date of July 19;

• BNY Mellon Strategic Municipal Bond Fund’s 612 outstanding shares of the series C APS (Cusip: 09662E406) with a payment date of July 21;

• BNY Mellon Strategic Municipals’ 763 outstanding shares of the series M APS (Cusip: 05588W207) with a payment date of July 17;

• BNY Mellon Strategic Municipals’ 747 outstanding shares of the series T APS (Cusip: 05588W306) with a payment date of July 18;

• BNY Mellon Strategic Municipals’ 660 outstanding shares of the series W APS (Cusip: 05588W405) with a payment date of July 19;

• BNY Mellon Strategic Municipals’ 566 outstanding shares of the series TH APS (Cusip: 05588W504) with a payment date of July 20; and

• BNY Mellon Strategic Municipals’ 420 outstanding shares of the series F APS (Cusip: 05588W603) with a payment date of July 21.

The board of directors of each fund has approved the APS redemptions.

Following the redemption, no shares will remain outstanding in each series.

The redemption is contingent on the Fund of Variable Rate MuniFund Term Preferred Shares’ issuance in a private placement.

BNY Mellon Investment Adviser is part of BNY Mellon Investment Management, which is a division of BNY Mellon, a financial services company based in New York.

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