Proxy advisory firm Glass Lewis recommended that shareholders of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) vote to re-elect the fund’s three incumbent board nominees at its annual meeting on August 27, 2026.
Glass Lewis also declined to support a dissident nominee, citing insufficient evidence of a compelling case for change following a review of the fund’s performance. The advisory firm highlighted the fund’s track record relative to the Bloomberg U.S. Municipal Bond Index, noting that it has outperformed the benchmark on a net asset value basis in six of the past 10 calendar years.
The fund’s discount to net asset value has narrowed by roughly 50% since year-end 2024, and it has implemented three dividend increases in recent periods while maintaining a history of monthly income distributions without returning capital to investors. As of June 30, 2026, BNY Investments managed $2.2 trillion in assets, according to the fund’s filing.
Shareholders were instructed to vote using the WHITE proxy card, with only the latest dated proxy accepted. Voting could be completed via the website provided on the proxy card, while questions regarding the proposals could be directed to EQ Fund Solutions at 877-732-3619.
