BNY Mellon Investment Adviser, Inc. announced that the three incumbent Board nominees for BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) were re-elected at the Fund's annual stockholders meeting held on August 27, 2026, according to certified voting results. The nominees received more votes than the dissident nominee, indicating stockholder support for the current Board. Additionally, stockholders voted against a proposal to declassify the Board, which had been included in response to a non-binding proposal from a dissident stockholder. The Fund's investment adviser, BNY Mellon Investment Adviser, Inc., is part of BNY Investments, which manages $2.2 trillion in assets as of June 30, 2026.
The Bank of New York Mellon CorporationBNY Mellon's fund DMB saw its board nominees re-elected and a declassification proposal rejected, a governance vote with no clear financial impact on the parent.
