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BNY Mellon Municipal Closed-End Fund Announces Proposed Reorganization With and Into a BNY Mellon Municipal Open-End Fund

1. BNY Mellon Municipal Income to reorganize into AMT-Free Fund. 2. Approval is pending from stockholders at a special meeting.

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FAQ

Why Neutral?

The reorganization of funds may have limited immediate effect on stock performance. Previous fund reorganizations have shown varied impact based on investor sentiment and approval outcomes.

How important is it?

While the reorganization is a corporate development, its immediate effects on price are uncertain.

Why Short Term?

The stockholder vote will determine the immediate impact; results expected soon.

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NEW YORK--(BUSINESS WIRE)--The Board of Directors of BNY Mellon Municipal Income, Inc. (the "Fund"), a registered closed-end fund, approved the reorganization of the Fund with and into BNY Mellon AMT-Free Municipal Bond Fund (the "Acquiring Fund"), a series of BNY Mellon Municipal Funds, Inc., a registered open-end fund. The proposed reorganization of the Fund is subject to certain conditions, including approval by the Fund's stockholders at a special meeting of stockholders scheduled to be hel.

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