LEO 10% Owner Saba Capital Management, L.P. Buys $44K of Stock

Ten-percent owner Saba Capital Management, L.P. bought 7,724 shares of BNY Mellon Strategic Municipals, Inc. (NYSE: LEO) on October 20, 2026. According to a Form 4 filing with the Securities and Exchange Commission, the shares were picked up at a price of $5.72 each, totaling approximately $44,181.

LEO BNY Mellon Strategic Municipals, Inc.

$5.73 ▼ -6.07% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Inside Saba Capital Management's LEO Trade

The transaction increased the firm's holdings by 0.12%, pushing its total ownership to 6,436,358 shares after the purchase. This follows several other recent filings from the same owner, marking its third reported trade sequence for the fund in recent days following prior transactions on October 16 and October 19, 2026.

Other Institutional Activity in BNY Mellon Strategic Municipals, Inc.

Pathstone Holdings, LLC reduced its holdings by 256,848 shares, ending with 3,487,291 shares worth about $19,807,812. SIT Investment Associates Inc grew its holdings by 376,483 shares, ending with 2,295,354 shares worth about $13,037,610. RiverNorth Capital Management, LLC grew its holdings by 21,241 shares, ending with 2,006,388 shares worth about $11,396,283. Hennion & Walsh Asset Management, Inc. reduced its holdings by 27,266 shares, ending with 1,655,797 shares worth about $9,404,926.

BNY Mellon Strategic Municipals, Inc. Stock Up 1.1%

Shares recently traded around $5.73 as of October 21, 2026, matching the closing price of $5.73 on the day of the trade. The fund has a market capitalization of roughly $356.9 million and a price-to-earnings ratio of 28.65.

Recent Earnings

The fund reported trailing twelve-month revenue of $30,120,212 and earnings per share of $0.20. It posted a net profit margin of 42.0% and a return on equity of 3.0%.

Dividend

The fund pays an annual dividend rate of $0.36 per share, giving it a dividend yield of 6.35% with a payout ratio of 137.0%.

Insider Buying and Selling at BNY Mellon Strategic Municipals, Inc.

Saba Capital Management, L.P. bought 322,858 shares on October 16, 2026, at an average price of $5.65 for a total value of $1,825,180.85. The same owner bought 15,246 shares on October 19, 2026, at a price of $5.67 for a total value of $86,444.82. L.P. Saba Capital Management also bought 338,104 shares on October 19, 2026, for a total value of $1,911,638.

About BNY Mellon Strategic Municipals, Inc.

BNY Mellon Strategic Municipals, Inc. is a closed-end fixed-income mutual fund managed by BNY Mellon Investment Adviser, Inc. It invests primarily in investment-grade municipal bonds in the United States, providing income that is exempt from federal taxes. Large institutional trades in the fund often signal shifts in how major investment houses view closed-end fixed income portfolios.

Bottom Line

Investors tracking BNY Mellon Strategic Municipals, Inc. should monitor upcoming SEC filings to see if major owners continue adjusting their positions. No analyst price targets were provided for the fund during this period.