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BNY Mellon Municipal Bond Infrastructure Fund urges vote against Saba-backed push to declassify board ahead of Aug. 27 meeting
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BNY Mellon Municipal Bond Infrastructure Fund urges vote against Saba-backed push to declassify board ahead of Aug. 27 meeting
  • BNY Mellon Municipal Bond Infrastructure Fund set an Aug. 27, 2026 virtual annual meeting amid a contested campaign involving Saba Capital.
  • Ballot includes election of three Class III directors. Saba notified the fund it plans to run its own director nominee.
  • Shareholders will also vote on a charter amendment to declassify the board. The board urges votes against the measure.
  • The declassification proposal needs 75% of votes cast. The fund says Saba held 1,565,216 shares, or 8.5%, as of June 25, 2026.
  • The board urges shareholders to back its nominees using the white proxy card.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BNY Mellon Municipal Bond Infrastructure Fund Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0002071844-26-000813), on July 15, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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