BNY Mellon Municipal Bond Infrastructure Fund, Inc. is a closed-end mutual fund specializing in U.S. municipal bonds. Its primary purpose is to provide investors with a high level of current income that is exempt from regular federal income tax, while maintaining a focus on capital preservation. The fund achieves this by investing at least 80% of its managed assets in investment-grade municipal bonds used to finance essential infrastructure projects, such as transportation, energy, utilities, social infrastructure, and environmental management, across states, territories, and local authorities in the United States. These holdings are typically rated BBB- or higher by major credit agencies, reflecting an emphasis on credit quality and stability. Managed by BNY Mellon Investment Adviser, Inc., the fund employs a combination of fundamental and quantitative analysis with a bottom-up security selection approach to identify value and capture pricing inefficiencies within the municipal bond market. The fund distributes income to shareholders monthly and is structured to appeal to investors seeking tax-advantaged, steady income through diversified exposure to U.S. infrastructure sectors.
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