Glass Lewis Recommends DMB Stockholders Vote to Support Board Nominees
BNY Mellon Investment Adviser, Inc. announced today that proxy advisory firm Glass Lewis has recommended that
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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.
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.
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.
Vote for DMB Board Nominees on the WHITE Card
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.
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.
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 www.bny.com/closed-end-funds.
Important Information
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 www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.
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’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: BNY). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news.
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund’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.
This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260819291842/en/
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