
BNY Mellon Investment Adviser, Inc. announced today that proxy advisory firm Glass Lewis has recommended that stockholders of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (&#34;DMB&#34;) vote in favor of the

<p xmlns="http://www.w3.org/1999/xhtml">
BNY Mellon Investment Adviser, Inc. announced today that proxy advisory firm Glass Lewis has recommended that stockholders of BNY Mellon Municipal Bond Infrastructure Fund, Inc. ("DMB") vote in favor of the Fund’s three incumbent nominees on the WHITE proxy card ahead of the Fund’s annual stockholders meeting on August 27, 2026.

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In making its recommendation, Glass Lewis rejected the dissident’s nominee, noting that a review of performance of the Fund had shown that a compelling case for change had not been made.

</p><p xmlns="http://www.w3.org/1999/xhtml">
DMB is stewarded by an effective, experienced and diverse Board of Directors that protects the best interests of its stockholders. Three recent dividend increases add to a history of consistent monthly income distributions without return of capital. The Fund has outperformed its benchmark index, the Bloomberg U.S. Municipal Bond Index, on a net asset value basis for six of the past ten calendar years. The Fund’s discount to its net asset value has also narrowed by approximately 50% since 2024 year-end.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">Vote for DMB Board Nominees on the WHITE Card</span></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Only your latest dated proxy will count at the meeting. Please vote for the DMB nominees on the WHITE proxy card today. Due to the proximity of the annual stockholders meeting on August 27, votes should be submitted using the website provided on the WHITE proxy card to ensure that they are counted.

</p><p xmlns="http://www.w3.org/1999/xhtml">
If you have any questions about the proposals to be voted upon, please call the Fund’s proxy solicitor, EQ Fund Solutions, toll-free at 877-732-3619.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Fund’s proxy statement, a copy of the Fund’s most recent Annual Report to Stockholders, and any proxy soliciting materials are available at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bny.com%2Fclosed-end-funds&amp;esheet=54592193&amp;newsitemid=20260819291842&amp;lan=en-US&amp;anchor=www.bny.com%2Fclosed-end-funds&amp;index=1&amp;md5=fb631c1ab5e428b90634d69bdedd5cde" shape="rect">www.bny.com/closed-end-funds</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">Important Information</span></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.2 trillion in assets under management as of June 30, 2026. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bny.com%2Finvestments&amp;esheet=54592193&amp;newsitemid=20260819291842&amp;lan=en-US&amp;anchor=www.bny.com%2Finvestments&amp;index=2&amp;md5=a75268f8f4c9070ab6750aeac243564e" shape="rect">www.bny.com/investments</a>. Follow us on LinkedIn for the latest company news and activity.

</p><p xmlns="http://www.w3.org/1999/xhtml">
BNY Investments is a division of BNY, which has $62.6 trillion in assets under custody and/or administration as of June 30, 2026. Established in 1784, BNY is America&#39;s oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BNY">BNY</a>). Additional information is available on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bny.com&amp;esheet=54592193&amp;newsitemid=20260819291842&amp;lan=en-US&amp;anchor=www.bny.com&amp;index=3&amp;md5=c9b627ca071851dc97cb3d4bb5cebdd8" shape="rect">www.bny.com</a>. Follow us on LinkedIn or visit our newsroom for the latest company news.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund&#39;s investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of the fund’s portfolio. There is no assurance that the Fund will achieve its investment objective.

</p><p xmlns="http://www.w3.org/1999/xhtml">
This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260819291842r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260819291842/en/" rel="nofollow">https://www.businesswire.com/news/home/20260819291842/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
For Press Inquiries:
<br xmlns="http://www.w3.org/1999/xhtml"></br>BNY Mellon Investment Adviser, Inc.
<br xmlns="http://www.w3.org/1999/xhtml"></br>Jessica Greaney
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:jessica.greaney@bny.com" shape="rect">jessica.greaney@bny.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>Taylor Ventrice
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:taylor.ventrice@bny.com" shape="rect">taylor.ventrice@bny.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
For Other Inquiries:
<br xmlns="http://www.w3.org/1999/xhtml"></br>BNY Mellon Securities Corporation
<br xmlns="http://www.w3.org/1999/xhtml"></br>The National Marketing Desk
<br xmlns="http://www.w3.org/1999/xhtml"></br>240 Greenwich Street
<br xmlns="http://www.w3.org/1999/xhtml"></br>New York, New York 10286
<br xmlns="http://www.w3.org/1999/xhtml"></br>1-800-334-6899

</p>

Glass Lewis Recommends DMB Stockholders Vote to Support Board Nominees

Glass Lewis backs DMB incumbents; governance stability supports NAV discount narrowing

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>BNY Mellon Investment Adviser, Inc. announced today that proxy advisory firm Glass Lewis has recommended that stockholders of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (&amp;#34;DMB&amp;#34;) vote in favor of the</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Glass Lewis recommended that DMB stockholders vote for the fund&#039;s three incumbent board nominees, signaling governance stability as the August 27, 2026 meeting approaches. The fund has outperformed the Bloomberg U.S. Municipal Bond Index on NAV in six of the past ten years and has narrowed its discount to NAV by about 50% since year-end 2024, supporting a modest near-term price tailwind.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Glass Lewis backs DMB incumbents. Dissident nominee rejected.</li><li>DMB NAV outperformed Bloomberg U.S. Municipal Bond Index six of ten years.</li><li>NAV discount narrowed about 50% since 2024 year-end.</li><li>Annual meeting set for Aug 27, 2026; vote on WHITE proxy card.</li><li>BNY Investments oversees $2.2T AUM as of 6/30/2026.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>DMB – BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB)</strong>: Fund; governance proxy voting around Aug 27, 2026; Glass Lewis backs incumbents.</li><li><strong>Glass Lewis (N/A)</strong>: Proxy advisory firm; recommended voting for DMB incumbents; no direct market price impact.</li><li><strong>EQ Fund Solutions (N/A)</strong>: Proxy solicitor; facilitates voting process.</li><li><strong>BNY Mellon Investment Adviser, Inc. (N/A)</strong>: Investment adviser to DMB; part of BNY Investments with $2.2T AUM as of 6/30/2026.</li><li><strong>Bank of New York Mellon Corp (BK)</strong>: Parent company of BNY, sponsor; brand equity; potential indirect impact.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category aligns with Corporate Developments as governance and proxy voting influence fund performance and discount dynamics. The piece highlights a proxy recommendation and fund-long metrics, framing near-term price relevance.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Glass Lewis&#039;s incumbents endorsement reduces governance-risk, potentially easing price volatility.</li><li>NAV discount compression (~50% since 2024) supports near-term upside if durable.</li><li>Annual meeting on Aug 27, 2026; voting outcome could influence near-term price.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Glass Lewis recommended voting for DMB&#039;s three incumbents; dissident rejected.</li><li>Meeting date: August 27, 2026.</li><li>DMB outperformed Bloomberg U.S. Municipal Bond Index on NAV in six of ten years.</li><li>Discount to NAV narrowed approximately 50% since end-2024.</li><li>Three dividend increases; monthly income distributions; no return of capital.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish on DMB ahead of the August meeting; expect discount to NAV to compress modestly.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
BNY Mellon Investment Adviser, Inc. announced today that proxy advisory firm Glass Lewis has recommended that stockholders of BNY Mellon Municipal Bond Infrastructure Fund, Inc. ("DMB") vote in favor of the Fund’s three incumbent nominees on the WHITE proxy card ahead of the Fund’s annual stockholders meeting on August 27, 2026.

</p><p xmlns="http://www.w3.org/1999/xhtml">
In making its recommendation, Glass Lewis rejected the dissident’s nominee, noting that a review of performance of the Fund had shown that a compelling case for change had not been made.

</p><p xmlns="http://www.w3.org/1999/xhtml">
DMB is stewarded by an effective, experienced and diverse Board of Directors that protects the best interests of its stockholders. Three recent dividend increases add to a history of consistent monthly income distributions without return of capital. The Fund has outperformed its benchmark index, the Bloomberg U.S. Municipal Bond Index, on a net asset value basis for six of the past ten calendar years. The Fund’s discount to its net asset value has also narrowed by approximately 50% since 2024 year-end.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">Vote for DMB Board Nominees on the WHITE Card</span></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Only your latest dated proxy will count at the meeting. Please vote for the DMB nominees on the WHITE proxy card today. Due to the proximity of the annual stockholders meeting on August 27, votes should be submitted using the website provided on the WHITE proxy card to ensure that they are counted.

</p><p xmlns="http://www.w3.org/1999/xhtml">
If you have any questions about the proposals to be voted upon, please call the Fund’s proxy solicitor, EQ Fund Solutions, toll-free at 877-732-3619.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Fund’s proxy statement, a copy of the Fund’s most recent Annual Report to Stockholders, and any proxy soliciting materials are available at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bny.com%2Fclosed-end-funds&amp;esheet=54592193&amp;newsitemid=20260819291842&amp;lan=en-US&amp;anchor=www.bny.com%2Fclosed-end-funds&amp;index=1&amp;md5=fb631c1ab5e428b90634d69bdedd5cde" shape="rect">www.bny.com/closed-end-funds</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">Important Information</span></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.2 trillion in assets under management as of June 30, 2026. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bny.com%2Finvestments&amp;esheet=54592193&amp;newsitemid=20260819291842&amp;lan=en-US&amp;anchor=www.bny.com%2Finvestments&amp;index=2&amp;md5=a75268f8f4c9070ab6750aeac243564e" shape="rect">www.bny.com/investments</a>. Follow us on LinkedIn for the latest company news and activity.

</p><p xmlns="http://www.w3.org/1999/xhtml">
BNY Investments is a division of BNY, which has $62.6 trillion in assets under custody and/or administration as of June 30, 2026. Established in 1784, BNY is America&#39;s oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BNY">BNY</a>). Additional information is available on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bny.com&amp;esheet=54592193&amp;newsitemid=20260819291842&amp;lan=en-US&amp;anchor=www.bny.com&amp;index=3&amp;md5=c9b627ca071851dc97cb3d4bb5cebdd8" shape="rect">www.bny.com</a>. Follow us on LinkedIn or visit our newsroom for the latest company news.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund&#39;s investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of the fund’s portfolio. There is no assurance that the Fund will achieve its investment objective.

</p><p xmlns="http://www.w3.org/1999/xhtml">
This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260819291842r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260819291842/en/" rel="nofollow">https://www.businesswire.com/news/home/20260819291842/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
For Press Inquiries:
<br xmlns="http://www.w3.org/1999/xhtml"></br>BNY Mellon Investment Adviser, Inc.
<br xmlns="http://www.w3.org/1999/xhtml"></br>Jessica Greaney
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:jessica.greaney@bny.com" shape="rect">jessica.greaney@bny.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>Taylor Ventrice
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:taylor.ventrice@bny.com" shape="rect">taylor.ventrice@bny.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
For Other Inquiries:
<br xmlns="http://www.w3.org/1999/xhtml"></br>BNY Mellon Securities Corporation
<br xmlns="http://www.w3.org/1999/xhtml"></br>The National Marketing Desk
<br xmlns="http://www.w3.org/1999/xhtml"></br>240 Greenwich Street
<br xmlns="http://www.w3.org/1999/xhtml"></br>New York, New York 10286
<br xmlns="http://www.w3.org/1999/xhtml"></br>1-800-334-6899

</p>

Glass Lewis recommended that DMB stockholders vote for the fund's three incumbent board nominees, signaling governance stability as the August 27, 2026 meeting approaches. The fund has outperformed the Bloomberg U.S. Municipal Bond Index on NAV in six of the past ten years and has narrowed its discount to NAV by about 50% since year-end 2024, supporting a modest near-term price tailwind.

News insight

Glass Lewis Recommends DMB Stockholders Vote to Support Board Nominees

AI summary

Sentiment rationale

Key facts

Corporate Developments