BNY Mellon Intermediate Municipal Bond Fund, Inc.
BNY Mellon Intermediate Municipal Bond Fund, Inc.
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Overview
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About BNY Mellon Intermediate Municipal Bond Fund, Inc.
- Industry
- Asset Management - Bonds
- Sector
- Financial Services
- CEO
- Not available
- Headquarters
- 240 Greenwich Street, New York, NY, US
- Industry
- Asset Management - Bonds
- Sector
- Financial Services
- CEO
- Not available
- Headquarters
- 240 Greenwich Street, New York, NY, US
The investment seeks the maximum amount of current income exempt from federal income tax as is consistent with the preservation of capital. The fund invests at least 80% of its assets in municipal bonds rated, at the time of purchase, A or higher or the unrated equivalent as determined by the adviser. The fund may invest up to 20% of its assets in municipal bonds rated below A, including bonds rated below investment grade ("high yield" or "junk" bonds) or the unrated equivalent as determined by the adviser. The dollar-weighted average maturity of the fund's portfolio generally is between three and ten years.
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