DSM BNY MELLON STRATEGIC MUNICIPAL BOND FUND, INC. Insider Trading

Director Bradley J Skapyak purchases 1,894 shares of BNY MELLON STRATEGIC MUNICIPAL BOND FUND at $6.09; initial position

Bradley J Skapyak, a Director, purchased 1,894 shares of DSM at $6.09 on 2026-06-08 for a total value of $11,534.46, establishing an initial position where he held zero shares prior to this transaction. The purchase price of $6.09 is slightly below the current price of $6.13 and well within the 52-week range of $5.44–$6.30, with the stock trading 2.7% below its 52-week high. As a small-dollar purchase in an illiquid municipal bond fund by a Director with no prior holdings, this transaction alone carries minimal signal weight; the modest position size and entry into a first position provide limited basis for inferring broader conviction or portfolio strategy.

Saba Capital increases DSM stake by 27,875 shares to 5.18M; cross-ticker track record shows 17 prior buys vs 3 sells.

Saba Capital Management, a 10% owner of BNY Mellon Strategic Municipal Bond Fund, purchased 27,875 shares at $5.90, expanding its position by 0.5% to 5,179,441 shares. The transaction occurred at a price 4.4% below the 52-week high of $6.17 and reflects continued accumulation aligned with the insider's historical pattern of 17 prior open-market purchases versus only 3 prior sales across all tickers. The fund's price movement shows modest 30-day weakness (-1.5%) offset by positive 90-day performance (+4.2%), positioning this purchase in the context of recent volatility rather than a severe drawdown.

Saba Capital (10% owner) buys 6,350 shares of DSM at $5.55; holdings now 5,152,591 shares (+0.1%)

Saba Capital Management purchased 6,350 shares of BNY Mellon Strategic Municipal Bond Fund at $5.55 on 2025-06-26, a small incremental increase of 0.1% to its existing 5.15M-share position. The transaction value of $35,242.50 is modest relative to the insider's current total holdings. At the current price of $5.60, the shares are trading 11.5% below the 52-week high of $6.33 and 4.3% lower on a 90-day basis. The insider's track record shows 20 prior open-market buys across all tickers, establishing a pattern of acquisition activity, though without specific same-ticker comparative data the context for this particular purchase remains descriptive of activity only.

Saba Capital bought 5,267 shares of BNY Mellon Strategic Municipal Bond Fund (DSM) at $5.48 on 2025-04-15; stock down -13.0% from 52-week high.

Saba Capital Management, a 10% owner, purchased 5,267 shares at $5.48, adding to a substantial position of 5.15M shares post-transaction. The purchase occurred as DSM trades -13.0% below its 52-week high of $6.33 and has declined -4.8% over 30 days and -6.0% over 90 days. This buy represents the insider's 21st open-market purchase across all tickers in its track record. The modest +0.1% increase to holdings and relatively small dollar value ($28.9K) suggest incremental accumulation rather than a significant conviction signal, though the timing amid recent weakness merits monitoring for any shift in Saba's view of municipal bond valuations.

Bank of America (10% owner) acquired 14,486 shares of DSM via 8 purchases (22.4K shares) totaling $138.3K, with net 22 sales (7.9K shares) for $56.4K

Bank of America's 10% ownership stake executed 8 separate purchases totaling 22.4K shares for $138.3K paired with 22 sales totaling 7.9K shares for $56.4K, resulting in a net position increase of 14,486 shares. The largest purchase was 18,000 shares at $5.65 on 2023-03-23, followed by a series of 22 sales the next day at $5.67–$5.68, a pattern consistent with systematic portfolio rebalancing rather than directional conviction. The current price of $6.00 sits near the midpoint of the 52-week range ($5.55–$6.33) and is -5.2% from the 52-week high, indicating no recent exceptional value or distress at entry. Across the insider's full cross-ticker track record, this represents one of 12 prior buys and follows a mixed transaction history with 8 prior sells; the filing does not indicate this reflects a strategic pivot but rather routine municipal bond fund position management by an institutional holder.