SCHEDULE: Karpus Management Files Amended Schedule 13G for BNY Mellon Municipal Income, Reporting Zero Beneficial Ownership

Karpus Management, Inc. has filed an amended Schedule 13G for BNY Mellon Municipal Income, Inc., indicating zero beneficial ownership of common shares as of June 30, 2025.

Summary

• Karpus Management, Inc., operating as Karpus Investment Management, filed an Amendment No. 2 to Schedule 13G.
• The filing pertains to the common shares of BNY Mellon Municipal Income, Inc.
• As of June 30, 2025, Karpus Management, Inc. reports 0.00 shares beneficially owned, which represents 0% of the class.
• Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940.
• Karpus is controlled by City of London Investment Group plc (CLIG), a London Stock Exchange-listed entity, but maintains effective informational barriers ensuring independent exercise of voting and investment power.
• The shares referenced in this Schedule 13G are directly owned by accounts managed by Karpus.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing (Schedule 13G Amendment) reporting a change in beneficial ownership to zero. It contains no subjective language, financial performance data, or strategic updates that would imply positive or negative sentiment regarding the issuer.

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership disclosure.

Management Comments

• Karpus Management, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

Schedule 13G filings are standard regulatory disclosures for institutional investors to report passive beneficial ownership of 5% or more of a company's outstanding shares. An amendment reporting 0% ownership indicates that the reporting entity no longer holds a reportable stake or has fully divested its position, which is a routine occurrence in the investment management industry as portfolio allocations change.

Related Party Transactions

• Karpus Management, Inc. is controlled by City of London Investment Group plc (CLIG), but effective informational barriers are established to ensure independent voting and investment power, meaning attribution of beneficial ownership is not required between Karpus and CLIG.

Stakeholder Impact

• Shareholders: Provides transparency regarding the beneficial ownership status of Karpus Management, Inc., indicating they no longer hold a reportable stake in BNY Mellon Municipal Income, Inc.

Key Dates

Keywords

BNY Mellon Municipal Income, Karpus Management, Schedule 13G, Beneficial Ownership, Investment Adviser, SEC Filing, Common Shares, Municipal Income