News Results

  1. BNY Mellon Municipal Bond Closed-end Funds Declare Distributions
    Business Wire | 11/29/21 04:22 PM EST

    BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below.

  2. Assured Guaranty Ltd. Reports Results for Third Quarter 2021
    Business Wire | 11/04/21 04:17 PM EDT

    Debt Issuances and Redemptions GAAP Highlights Non-GAAP Highlights Return of Capital to Shareholders Insurance Segment Asset Management Segment HAMILTON, Bermuda---- Assured Guaranty Ltd. (AGO) announced today its financial results for the three-month period ended September 30, 2021.

  3. BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Distribution
    Business Wire | 11/02/21 05:12 PM EDT

    BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0530 per share of common stock, payable on December 1, 2021 to shareholders of record at the close of business on November 18, 2021. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.

  4. BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE: DSM) Announces Distribution
    Business Wire | 11/01/21 12:44 PM EDT

    BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) today announced a distribution of $0.030 per share of common stock, payable on November 30, 2021 to shareholders of record at the close of business on November 15, 2021. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.

  5. First BanCorp. Announces Earnings for the Quarter Ended September 30, 2021
    Business Wire | 10/25/21 07:00 AM EDT

    - Provision for credit losses was a net benefit of $12.1 million for the third quarter of 2021, reflecting, among other things, improvements in the outlook of certain macroeconomic variables and lower loans outstanding.

  6. KBRA Releases Report Assigning AAA Rating for Los Angeles Unified School District General Obligation Bonds Series RYRR (2021) and 2021 General Obligation Refunding Bonds, Series B; Outlook is Stable
    Business Wire | 10/18/21 12:30 PM EDT

    On October 14, 2021, Kroll Bond Rating Agency assigned a AAA rating with a Stable Outlook to the following Los Angeles Unified School District bonds: KBRA additionally affirmed the long-term rating of AAA and Stable Outlook for the following District Bonds: Click here to view the report.

  7. PGIM Fixed Income announces new head of municipal bond team
    Business Wire | 10/18/21 09:20 AM EDT

    PGIM Fixed Income, a global asset manager offering active solutions across all fixed income markets, announced Jason Appleson will assume the role as head of Municipal Bonds effective Jan. 1, 2022 upon the retirement of long-time head of Municipal Bonds Susan Courtney. This press release features multimedia.

  8. KBRA Releases Report Assigning AA+ Rating to the City of Los Angeles? General Obligation Bonds Series 2021-A and General Obligation Refunding Bonds Series 2021-B; Outlook is Stable
    Business Wire | 10/15/21 10:44 AM EDT

    On October 13, 2021, Kroll Bond Rating Agency assigned the long-term rating of AA+ with a Stable Outlook to the City of Los Angeles? General Obligation Bonds Series 2021-A and General Obligation Refunding Bonds Series 2021-B. Click here to view the report.

  9. Ocean Capital Issues Open Letter to Shareholders of UBS Puerto Rico Bond Funds I, III and VI Regarding the Urgent Need for Boardroom Change
    Business Wire | 10/14/21 08:00 AM EDT

    Exposes the Current Directors? Lack of Alignment with Investors, Given the Millions of Dollars in Compensation that the Incumbents have Awarded Themselves Amidst Years of Losses and Recent Reductions to the Dividend Urges Fellow Shareholders to Vote on the BLUE Card to Elect Ocean Capital?s Diverse Slate of Aligned, San Juan-Based Nominees at the Fund I and Fund III Annual Meetings on October 2...

  10. KBRA Releases ESG Research: Texas Senate Bill 19?A Clash of Stakeholder Interests
    Business Wire | 10/13/21 03:07 PM EDT

    Kroll Bond Rating Agency releases ESG research on a Texas law requiring firms that do business with state entities?including state agencies, counties, municipalities, and school districts?to certify they do not discriminate against the firearm or ammunition industries, which came into effect on September 1, 2021.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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