Closed-end management investment company investing in municipal bonds to provide federally tax-exempt income.
BNY Mellon Strategic Municipals, Inc. operates as a closed-ended fixed income mutual fund under the management of BNY Mellon Investment Adviser, Inc. Founded on September 23, 1987, and domiciled in the United States, the fund focuses on investing in the fixed income markets within the country. Its primary investment strategy revolves around acquiring investment grade municipal bonds, which offer income exempt from federal income tax, making them particularly attractive to investors seeking tax-efficient returns.
Utilizing fundamental analysis, BNY Mellon Strategic Municipals, Inc. carefully constructs its portfolio to optimize yield and manage risk effectively. This approach involves assessing various factors such as credit quality, interest rate trends, and economic conditions to strategically allocate investments across municipal bonds. By emphasizing investment grade securities, the fund aims to maintain stability and reliability in income generation for its shareholders.
Formerly known as Dreyfus Strategic Municipals, Inc., the fund rebranded under its current name, reflecting its affiliation with BNY Mellon and its commitment to delivering specialized fixed income investment solutions. With a long-standing presence in the municipal bond market and the backing of a leading global financial institution, BNY Mellon Strategic Municipals, Inc. continues to uphold its reputation as a trusted investment vehicle for tax-exempt income seekers in the United States.