DSM 10% Owner Saba Capital Management, L.P. Buys $78K of Stock

Ten-percent owner Saba Capital Management, L.P. bought 14,573 shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE: DSM) on October 20, 2026. According to a Form 4 filing with the SEC, the shares were acquired at a price of $5.32 each, for a total value of $77,528.36. Following this transaction, the owner holds 5,415,498 shares of the fund. BNY Mellon Strategic Municipal Bond Fund, Inc. closed at $5.31 on the day of the trade. This transaction follows several prior purchases by the owner in October.

DSM BNY Mellon Strategic Municipal Bond Fund, Inc.

$5.30 ▼ -10.32% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Inside Saba Capital Management, L.P.'s BNY Mellon Strategic Municipal Bond Fund, Inc. Trade

The purchase of 14,573 shares increased Saba Capital Management, L.P.'s stake by about 0.27%. The shares were bought at $5.32 apiece. This latest trade comes as part of a series of acquisitions by the ten-percent owner during the month of October.

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

Other large investors have also adjusted their positions in the fund recently. Bulldog Investors, LLP reduced its holdings by 308,369 shares, ending with 3,065,475 shares worth about $16,247,018. Pathstone Holdings, LLC trimmed its stake by 186,784 shares to finish with 3,011,573 shares valued at roughly $15,961,337. SIT Investment Associates Inc grew its holdings by 132,077 shares, ending with 2,241,927 shares worth about $11,882,213. RiverNorth Capital Management, LLC grew its holdings by 260,185 shares, ending with 1,920,587 shares worth about $10,179,111. Saba Capital Management, L.P. held 5,179,441 shares worth $27,451,038 in its earlier reported period.

BNY Mellon Strategic Municipal Bond Fund, Inc. Stock Up 0.4%

The stock recently traded around $5.30 as of October 21, 2026, sitting about 0.2% below its event closing price of $5.31 on October 20, 2026. The shares trade below both their 50-day and 200-day moving averages, and stand about 4.5% above their 52-week low of $5.07.

Recent Earnings

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

Dividend

The fund pays an annual dividend rate of $0.36 per share, giving it a dividend yield of 6.82%. Its dividend payout ratio sits at 45.7%.

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

Saba Capital Management, L.P. made several other purchases prior to this transaction. On October 15, 2026, the owner bought 13,762 shares at an average price of $5.24 for $72,112.88. On October 16, 2026, the owner acquired 138,642 shares at $5.27 per share for $731,073.13. On October 19, 2026, the owner purchased 69,080 shares at $5.29 per share for $365,433.20. An additional filing on October 19, 2026, showed a purchase of 207,722 shares valued at $1,096,500.

About BNY Mellon Strategic Municipal Bond Fund, Inc.

BNY Mellon Strategic Municipal Bond Fund, Inc. operates as a closed-end fixed income mutual fund managed by BNY Mellon Investment Adviser, Inc. The fund focuses on investing in United States fixed income markets, primarily targeting investment-grade municipal bonds that remain exempt from federal income tax. It aims to keep a weighted average maturity of more than 10 years.

Bottom Line

Investors will continue to monitor filings from large owners like Saba Capital Management, L.P. to track shifts in positioning. Form 4 filings provide direct insight into insider and major owner transactions as they occur.