DSM and LEO Stockholders Vote to Support Board Nominees in Preliminary Results of 2026 Annual Stockholder Meetings
BNY Mellon Investment Adviser, Inc. announced today that the three incumbent Board nominees for each of BNY Mellon Strategic Municipals, Inc. (“LEO”) and BNY Mellon Strategic Municipal Bond Fund, Inc. (“DSM”) will continue to steward the Funds, according to preliminary voting results of the Funds’ annual stockholders meetings held on June 11, 2026. A dissident stockholder, Saba Capital Management, L.P. (“Saba”) had put forth its own nominee for election at each Fund’s meeting.
The preliminary voting results follow recommendations from proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass Lewis, that stockholders of the Funds vote in favor of each Fund’s three incumbent nominees ahead of the Funds’ annual stockholders meetings. In making their recommendations, ISS and Glass Lewis rejected the dissident’s nominee, noting that a review of performance for each Fund had shown that a compelling case for change had not been made.
Copies of the Funds’ most recent Annual Reports to Stockholders are available at www.bny.com/closed-end-funds.
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