BNY Mellon Municipal Bond Infrastructure Fund urges vote against Saba-backed push to declassify board ahead of Aug. 27 meeting
DMB•Annual meeting and contested director election
BNY Mellon Municipal Bond Infrastructure Fund has set an Aug. 27, 2026 virtual annual meeting amid a contested campaign involving Saba Capital.
The ballot includes the election of three Class III directors. The fund said Saba notified it that it plans to run its own director nominee.
Board recommends votes against declassification proposal
Shareholders will also vote on a charter amendment to declassify the board. The board is urging votes against the measure.
The fund said the declassification proposal needs 75% of votes cast. It added that Saba held 1,565,216 shares, or 8.5%, as of June 25, 2026.
The board urged shareholders to back its nominees using the white proxy card.
