BNY Mellon Investment Adviser Board Nominees Re-elected
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2026
0mins
Source: Newsfilter
- Shareholder Voting Results: At the annual stockholders meetings held on June 11, 2026, the incumbent Board nominees for BNY Mellon Strategic Municipals, Inc. and BNY Mellon Strategic Municipal Bond Fund, Inc. received strong shareholder support, reflecting trust in the current Boards' stewardship.
- Board Re-election: Each Fund's incumbent Board nominees garnered more votes than the dissident nominees, indicating shareholder backing for continued management by the current Boards, which ensures stability and continuity for the Funds.
- Asset Management Scale: As of March 31, 2026, BNY Investments manages $2.1 trillion in assets, underscoring its significant position in the global asset management industry and reinforcing its market leadership.
- Historic Bank: BNY, as America's oldest bank, holds $59.4 trillion in assets under custody and/or administration, showcasing its strong influence and service capabilities in capital markets, supporting clients' asset management needs throughout the investment lifecycle.
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Analyst Views on DSM
Wall Street analysts forecast DSM stock price to rise
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Current: 6.140
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Current: 6.140
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About DSM
BNY Mellon Strategic Municipal Bond Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The Fund ordinarily invests all of its net assets in municipal obligations that provide income exempt from federal personal income tax, and has adopted a fundamental investment policy to invest, under normal market conditions, at least 80% of its net assets in municipal obligations. The Fund may purchase floating and variable rate obligations, municipal derivatives, such as custodial receipt programs created by financial intermediaries, tender option bonds, and participations in municipal obligations. The Fund invests in various industries, including transportation, education, medical, airport, water, power, utilities and multifamily housing. The Fund's investment adviser is BNY Mellon Investment Adviser, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
BNY Mellon Investment Adviser Board Nominees Re-elected
- Shareholder Voting Results: At the annual stockholders meetings held on June 11, 2026, the incumbent Board nominees for BNY Mellon Strategic Municipals, Inc. and BNY Mellon Strategic Municipal Bond Fund, Inc. received strong shareholder support, reflecting trust in the current Boards' stewardship.
- Board Re-election: Each Fund's incumbent Board nominees garnered more votes than the dissident nominees, indicating shareholder backing for continued management by the current Boards, which ensures stability and continuity for the Funds.
- Asset Management Scale: As of March 31, 2026, BNY Investments manages $2.1 trillion in assets, underscoring its significant position in the global asset management industry and reinforcing its market leadership.
- Historic Bank: BNY, as America's oldest bank, holds $59.4 trillion in assets under custody and/or administration, showcasing its strong influence and service capabilities in capital markets, supporting clients' asset management needs throughout the investment lifecycle.
See More
BNY Mellon Board Nominees to Continue in Office
- Board Nominee Results: Preliminary voting results from the June 11, 2026, meetings indicate that the three incumbent nominees for BNY Mellon Strategic Municipals (LEO) and BNY Mellon Strategic Municipal Bond Fund (DSM) will continue in their roles, reflecting shareholder support for the current management.
- Dissident Nominee Rejected: The dissident nominee proposed by Saba Capital Management did not gain traction, as proxy advisory firms ISS and Glass Lewis recommended shareholders vote for the incumbents, indicating confidence in the existing board.
- Performance Review: In their recommendations, ISS and Glass Lewis noted that a review of each fund's performance did not present a compelling case for change, underscoring the effectiveness of the current management team.
- Asset Management Scale: As of March 31, 2026, BNY Investments manages $2.1 trillion in assets, highlighting its significant position in the global asset management industry and further bolstering shareholder confidence in fund management.
See More
BNY Mellon Funds' Board Nominees Recommended by Proxy Advisors
- Shareholder Voting Recommendation: Shareholders of BNY Mellon Strategic Municipals, Inc. and BNY Mellon Strategic Municipal Bond Fund, Inc. are advised to support the incumbent board members at the annual meeting on June 11, 2026, reflecting confidence in the current management.
- Board Composition Refresh: The recent addition of four qualified directors to both funds has introduced fresh perspectives and relevant expertise, enhancing the diversity and effectiveness of the boards, thereby better protecting shareholder interests.
- Expense and Performance Metrics: As of December 31, 2025, both funds rank in the top quartile for total expenses among their peers, and they have a waiver of a portion of their investment advisory fees until May 31, 2027, demonstrating strong cost control and commitment to investors.
- Narrowing NAV Discount: Since the end of 2024, the discount to net asset value for both funds has narrowed by over 50%, indicating increased market recognition of their value, which could attract more investor interest.
See More
Analysis of DSM Stock's 52-Week Range
- Price Fluctuation Analysis: DSM's stock has a 52-week low of $5.28 and a high of $6.30, with the last trade at $5.92, indicating volatility within this range and reflecting market caution regarding its future performance.
- Market Trend Observation: The current stock price is close to the 52-week low, suggesting a lack of investor confidence in DSM, particularly in an uncertain overall market environment, which may impact short-term capital inflows.
- Technical Indicator Reference: The crossing of the stock price with the 200-day moving average could influence investor trading decisions; although specific data is not provided, this indicator is typically regarded as a significant reference in technical analysis.
- Investor Sentiment Assessment: Despite the current stock price being below the 52-week high, investors should monitor changes in market sentiment and the company's fundamentals to make more informed investment decisions.
See More
BNY Mellon Announces Monthly Distributions for Funds
- Monthly Distribution Announcement: BNY Mellon Strategic Municipal Bond Fund and BNY Mellon Strategic Municipals have each declared a monthly distribution of $0.026 per share, indicating the funds' stable income capability, although unchanged from the prior month, reflecting market stability.
- Payment Schedule: The distributions are set to be paid on April 30, 2026, with a record date of April 14, 2026, ensuring timely returns for investors and enhancing their confidence in the funds.
- Asset Management Scale: As of December 31, 2025, BNY Investments manages $2.2 trillion in assets, showcasing its formidable strength in the global asset management industry and further solidifying its market leadership.
- Historical Background: Established in 1784, BNY is America's oldest bank and has evolved into a key player in global capital markets, managing and servicing clients' financial assets, demonstrating its deep-rooted foundation and extensive influence in the industry.
See More
BNY Mellon Investment Adviser Announces Portfolio Management Changes
- Portfolio Management Changes: BNY Mellon Investment Adviser announced that effective February 17, 2026, Daniel Rabasco will no longer serve as a portfolio manager for the BNY Mellon Strategic Municipal Bond Fund, which may impact the stability of fund management.
- New Appointments: Thomas Casey has been appointed as a portfolio manager for both the BNY Mellon Strategic Municipal Bond Fund and BNY Mellon Strategic Municipals, while continuing to manage the BNY Mellon Municipal Bond Infrastructure Fund, indicating the firm's focus on tax-sensitive strategies.
- Asset Management Scale: As of December 31, 2025, BNY Investments manages $2.2 trillion in assets, and this personnel change could influence the execution of its investment strategies given its position as one of the world's largest asset managers.
- Historical Context: Established in 1784, BNY is America's oldest bank with $59.3 trillion in assets under custody and/or administration, continuously driving the development of global capital markets, underscoring its significant role in the industry.
See More
BNY Mellon Investment Adviser Board Nominees Re-elected
- Shareholder Voting Results: At the annual stockholders meetings held on June 11, 2026, the incumbent Board nominees for BNY Mellon Strategic Municipals, Inc. and BNY Mellon Strategic Municipal Bond Fund, Inc. received strong shareholder support, reflecting trust in the current Boards' stewardship.
- Board Re-election: Each Fund's incumbent Board nominees garnered more votes than the dissident nominees, indicating shareholder backing for continued management by the current Boards, which ensures stability and continuity for the Funds.
- Asset Management Scale: As of March 31, 2026, BNY Investments manages $2.1 trillion in assets, underscoring its significant position in the global asset management industry and reinforcing its market leadership.
- Historic Bank: BNY, as America's oldest bank, holds $59.4 trillion in assets under custody and/or administration, showcasing its strong influence and service capabilities in capital markets, supporting clients' asset management needs throughout the investment lifecycle.
See More
BNY Mellon Board Nominees to Continue in Office
- Board Nominee Results: Preliminary voting results from the June 11, 2026, meetings indicate that the three incumbent nominees for BNY Mellon Strategic Municipals (LEO) and BNY Mellon Strategic Municipal Bond Fund (DSM) will continue in their roles, reflecting shareholder support for the current management.
- Dissident Nominee Rejected: The dissident nominee proposed by Saba Capital Management did not gain traction, as proxy advisory firms ISS and Glass Lewis recommended shareholders vote for the incumbents, indicating confidence in the existing board.
- Performance Review: In their recommendations, ISS and Glass Lewis noted that a review of each fund's performance did not present a compelling case for change, underscoring the effectiveness of the current management team.
- Asset Management Scale: As of March 31, 2026, BNY Investments manages $2.1 trillion in assets, highlighting its significant position in the global asset management industry and further bolstering shareholder confidence in fund management.
See More
BNY Mellon Funds' Board Nominees Recommended by Proxy Advisors
- Shareholder Voting Recommendation: Shareholders of BNY Mellon Strategic Municipals, Inc. and BNY Mellon Strategic Municipal Bond Fund, Inc. are advised to support the incumbent board members at the annual meeting on June 11, 2026, reflecting confidence in the current management.
- Board Composition Refresh: The recent addition of four qualified directors to both funds has introduced fresh perspectives and relevant expertise, enhancing the diversity and effectiveness of the boards, thereby better protecting shareholder interests.
- Expense and Performance Metrics: As of December 31, 2025, both funds rank in the top quartile for total expenses among their peers, and they have a waiver of a portion of their investment advisory fees until May 31, 2027, demonstrating strong cost control and commitment to investors.
- Narrowing NAV Discount: Since the end of 2024, the discount to net asset value for both funds has narrowed by over 50%, indicating increased market recognition of their value, which could attract more investor interest.
See More
Analysis of DSM Stock's 52-Week Range
- Price Fluctuation Analysis: DSM's stock has a 52-week low of $5.28 and a high of $6.30, with the last trade at $5.92, indicating volatility within this range and reflecting market caution regarding its future performance.
- Market Trend Observation: The current stock price is close to the 52-week low, suggesting a lack of investor confidence in DSM, particularly in an uncertain overall market environment, which may impact short-term capital inflows.
- Technical Indicator Reference: The crossing of the stock price with the 200-day moving average could influence investor trading decisions; although specific data is not provided, this indicator is typically regarded as a significant reference in technical analysis.
- Investor Sentiment Assessment: Despite the current stock price being below the 52-week high, investors should monitor changes in market sentiment and the company's fundamentals to make more informed investment decisions.
See More
BNY Mellon Announces Monthly Distributions for Funds
- Monthly Distribution Announcement: BNY Mellon Strategic Municipal Bond Fund and BNY Mellon Strategic Municipals have each declared a monthly distribution of $0.026 per share, indicating the funds' stable income capability, although unchanged from the prior month, reflecting market stability.
- Payment Schedule: The distributions are set to be paid on April 30, 2026, with a record date of April 14, 2026, ensuring timely returns for investors and enhancing their confidence in the funds.
- Asset Management Scale: As of December 31, 2025, BNY Investments manages $2.2 trillion in assets, showcasing its formidable strength in the global asset management industry and further solidifying its market leadership.
- Historical Background: Established in 1784, BNY is America's oldest bank and has evolved into a key player in global capital markets, managing and servicing clients' financial assets, demonstrating its deep-rooted foundation and extensive influence in the industry.
See More
BNY Mellon Investment Adviser Announces Portfolio Management Changes
- Portfolio Management Changes: BNY Mellon Investment Adviser announced that effective February 17, 2026, Daniel Rabasco will no longer serve as a portfolio manager for the BNY Mellon Strategic Municipal Bond Fund, which may impact the stability of fund management.
- New Appointments: Thomas Casey has been appointed as a portfolio manager for both the BNY Mellon Strategic Municipal Bond Fund and BNY Mellon Strategic Municipals, while continuing to manage the BNY Mellon Municipal Bond Infrastructure Fund, indicating the firm's focus on tax-sensitive strategies.
- Asset Management Scale: As of December 31, 2025, BNY Investments manages $2.2 trillion in assets, and this personnel change could influence the execution of its investment strategies given its position as one of the world's largest asset managers.
- Historical Context: Established in 1784, BNY is America's oldest bank with $59.3 trillion in assets under custody and/or administration, continuously driving the development of global capital markets, underscoring its significant role in the industry.
See More
