Dreyfus Municipal Bond Infrastructure Fund, Inc. : Announces Variable Rate Muni Term Preferred Shares Actions
January 27, 2018 at 02:52 am IST
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Dreyfus Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced
today the extension of the term redemption date of the Fund's Series W-7
Variable Rate Muni Term Preferred Shares ("VMTPS") until February 1,
2021, as well as a reduction in the spread over the SIFMA Municipal Swap
Index effective January 31, 2018. The Fund also announced that,
effective February 1, 2018, the VMTPS would no longer be rated by
Moody's Investor Services, Inc. The VMTPS continue to be rated AAA by
Fitch Ratings, Inc.
This press release is neither an offer to sell nor a solicitation of
an offer to buy the VMTPS. No VMTPS have been registered under the
Securities Act of 1933, as amended (the "Securities Act") or any state
securities laws. Unless so registered, no VMPTS may be offered or
sold in the United States except pursuant to an exemption from the
registration requirements of the Securities Act and applicable state
securities laws, as well as subject to certain transfer restrictions.
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BNY Mellon Municipal Bond Infrastructure Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to seek to provide as high a level of current income exempt from regular federal income tax as is consistent with the preservation of capital. The Fund seeks to achieve its investment objective by investing in municipal bonds. Under normal circumstances, the Fund invests at least 80% of its managed assets in municipal bonds issued to finance infrastructure sectors and projects in the United States. Infrastructure sectors and projects include transportation, energy and utilities, social infrastructure, water and environment, and other similar public sectors and projects that support or facilitate the development or improvement of economic, health, and cultural and social standards in the United States. BNY Mellon Investment Adviser, Inc. serves as the Fund's investment advisor. Insight North America, LLC is its sub adviser.
BNY MELLON MUNICIPAL BOND INFRASTRUCTURE FUND, INC. 
