Rivernorth Capital Management LLC Sells 261,792 Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB

Rivernorth Capital Management LLC lowered its position in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 68.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,649 shares of the company’s stock after selling 261,792 shares during the period. Rivernorth Capital Management LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $1,293,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DMB. Pathstone Holdings LLC lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 33.9% during the third quarter. Pathstone Holdings LLC now owns 1,331,675 shares of the company’s stock worth $14,249,000 after purchasing an additional 337,294 shares during the period. Saba Capital Management L.P. lifted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 25.3% in the fourth quarter. Saba Capital Management L.P. now owns 1,565,016 shares of the company’s stock worth $17,200,000 after acquiring an additional 315,971 shares during the period. Sit Investment Associates Inc. acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth approximately $2,784,000. Bulldog Investors LLP boosted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 30.1% in the first quarter. Bulldog Investors LLP now owns 520,749 shares of the company’s stock valued at $5,489,000 after acquiring an additional 120,446 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 91.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 150,878 shares of the company’s stock valued at $1,658,000 after acquiring an additional 71,874 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

NYSE:DMB opened at $10.63 on Thursday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a fifty-two week low of $9.89 and a fifty-two week high of $11.28. The company has a 50 day simple moving average of $10.94 and a two-hundred day simple moving average of $10.93.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 17th will be paid a $0.05 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, July 17th.

BNY Mellon Municipal Bond Infrastructure Fund Profile

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.