Bny Mellon Strategic Municipals, Inc. Reports Earnings Results for the Half Year Ended March 31, 2020
May 29, 2020 at 02:11 pm
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BNY Mellon Strategic Municipals, Inc. announced earnings results for the half year ended March 31, 2020. For the half year, the company announced net loss was USD 30.263 million.
BNY Mellon Strategic Municipals, Inc. (the Fund) is a diversified closed-end management investment company. The Fundâs investment objective is to maximize income exempt from federal income tax to the extent consistent with the preservation of capital. BNY Mellon Investment Adviser, Inc. (the Adviser) serves as the fundâs investment adviser. Under normal market conditions, the fund invests at least 80% of its net assets in municipal obligations. Generally, the fund invests at least 50% of its net assets in municipal bonds considered investment grade or the unrated equivalent as determined by BNY Mellon Investment Adviser, Inc. in the case of bonds, and in the two categories or the unrated equivalent as determined by the Adviser in the case of short-term obligations having or deemed to have maturities of less than one year. BNY Mellon Investment Adviser, Inc. serves as investment adviser of the Fund.
BNY MELLON STRATEGIC MUNICIPALS, INC. 
