Dreyfus Municipal Income, Inc. Announces Management Changes
July 20, 2016 at 10:31 pm
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On July 20, 2016, at a meeting of the Board of Directors of Dreyfus Municipal Income, Inc. (DMF), the Board approved the appointment of Daniel Rabasco as co-primary portfolio manager for the Fund. Mr. Rabasco will co-manage DMF with Jeffrey B. Burger, who has served as a co-primary portfolio manager of the Fund since 2014. Mr. Rabasco, CFA, is the Chief Investment Officer for Tax Sensitive Fixed Income at Standish Mellon Asset Management Company, LLC, an affiliate of Dreyfus.
BNY Mellon Municipal Income, Inc. (the Fund) is a diversified closed-end management investment company. The Fundâs investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Under normal market conditions, the Fund invests at least 80% of the value of its net assets in municipal obligations and invests in municipal obligations which, at the time of purchase, are rated investment grade or the unrated equivalent as determined by advisor in the case of bonds, and rated in the two highest rating categories or the unrated equivalent as determined by advisor. The Fund may invest more than 25% of the value of its total assets in industrial development bonds which, although issued by industrial development authorities, may be backed only by the assets and revenues of the non-governmental users. BNY Mellon Investment Adviser, Inc. serves as the Fund's investment advisor.
BNY MELLON MUNICIPAL INCOME, INC. 
