Closed-end management investment company investing in municipal bonds.
BNY Mellon Municipal Income, Inc. operates as a closed-ended fixed income mutual fund, managed by BNY Mellon Investment Adviser, Inc., a subsidiary of BNY Mellon. Founded on October 24, 1988, and domiciled in the United States, the fund specializes in investing within the fixed income markets of the country. Its primary focus lies in municipal obligations that are deemed investment grade and typically have maturities of less than one year. Employing a strategy grounded in fundamental analysis, BNY Mellon Municipal Income, Inc. strategically constructs its portfolio to optimize returns while managing risk within the municipal bond sector.
Formerly known as Dreyfus Municipal Income, Inc., the fund underwent a name change to reflect its association with BNY Mellon. This shift underscores the fund's continuity and commitment to providing investors with stability and expertise in municipal bond investments. BNY Mellon Municipal Income, Inc. leverages the extensive resources and insights of BNY Mellon Investment Adviser, Inc. to navigate the complexities of the fixed income markets, aiming to deliver consistent income streams and capital preservation to its shareholders.
With a rich history spanning decades in the investment management industry, BNY Mellon Municipal Income, Inc. remains a trusted choice for investors seeking exposure to the municipal bond market. The fund's adherence to rigorous investment criteria and its proactive approach to portfolio management reflect its dedication to meeting the financial objectives of its shareholders. As it continues to evolve in response to market dynamics, BNY Mellon Municipal Income, Inc. upholds its reputation as a reliable steward of investor capital, committed to delivering value through prudent investment strategies and disciplined risk management.