DSM 10% Owner Saba Capital Management, L.P. Buys $731K of Stock

Ten-percent owner Saba Capital Management, L.P. bought 138,642 shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE: DSM) on October 16, 2026. According to a Form 4 filed with the Securities and Exchange Commission, the shares were acquired at an average price of $5.27 for a total value of $731,073.13.

DSM BNY Mellon Strategic Municipal Bond Fund, Inc.

$5.28 ▼ -10.66% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Inside Saba Capital Management's DSM Trade

The purchase lifted Saba Capital Management's holdings in the closed-end fixed income fund to 5,331,845 shares. This increase represents a 2.67% change in the firm's position. The transaction followed an earlier purchase by the same owner on October 15, 2026, when it acquired 13,762 shares at $5.24 apiece. The trade was executed in the open market and was not part of a pre-arranged Rule 10b5-1 trading plan.

Other Institutional Activity in BNY Mellon Strategic Municipal Bond Fund, Inc.

Other major investors have also adjusted their positions in the fund recently. Bulldog Investors, LLP reduced its stake by 308,369 shares to finish with 3,065,475 shares valued at roughly $16,312,005. Pathstone Holdings, LLC reduced its stake by 186,784 shares to finish with 3,011,573 shares valued at roughly $16,025,181. SIT Investment Associates Inc grew its holdings by 132,077 shares ending with 2,241,927 shares worth about $11,929,741. RiverNorth Capital Management, LLC grew its holdings by 260,185 shares ending with 1,920,587 shares worth about $10,219,827.

BNY Mellon Strategic Municipal Bond Fund, Inc. Stock Holds Steady

DSM shares closed at $5.28 on October 16, 2026. The stock recently traded around $5.28 as of October 20, 2026, remaining about equal to its closing price on the transaction date. The share price sits roughly 4.5% below its 50-day moving average of $5.53 and about 16.2% below its 52-week high of $6.30, while holding above its 52-week low of $5.07.

Recent Earnings

The fund reported trailing-twelve-month revenue of $23,119,716 and earnings of $0.63 per share. It generated a return on equity of 10.0% alongside a net profit margin of 134.9%.

Dividend

The fund pays an annual dividend rate of $0.36 per share, which translates to a dividend yield of 6.82%.

Insider Buying and Selling at BNY Mellon Strategic Municipal Bond Fund, Inc.

Insider activity over the prior year featured multiple purchases by Saba Capital Management, including an acquisition of 13,762 shares on October 15, 2026, and an earlier purchase of 27,875 shares on November 28, 2025, at $5.90 per share. Director Bradley J Skapyak also bought 1,894 shares on June 8, 2026, at an average price of $6.09.

About BNY Mellon Strategic Municipal Bond Fund, Inc.

BNY Mellon Strategic Municipal Bond Fund, Inc. is a closed-end fixed income mutual fund managed by BNY Mellon Investment Adviser, Inc. The fund focuses on investment-grade municipal bonds in the United States that are exempt from federal income tax, seeking a weighted average maturity of greater than 10 years.

Bottom Line

Saba Capital Management continues to build its sizeable position in the fund through open-market purchases. Investors should monitor future SEC filings to see if the firm adds further to its stake.