NEW YORK--(BUSINESS WIRE)--
Dreyfus Municipal Bond Infrastrucure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0530 per share of common stock, payable on December 1, 2016 to shareholders of record at the close of business on November 9, 2016. The ex-dividend date is November 7, 2016. The $0.0530 per share investment income dividend represents a decrease of $0.0095 from the previously declared monthly net investment income dividend of $0.0625 per share.
The dividend reduction primarily reflects the lower reinvestment rate environment that has existed in the market for the reinvestment of the proceeds from coupon payments and from called, sold and/or matured securities, as well as tight credit spreads and an increase in short-term interest rates that increases the cost of leverage. DMB's accumulated undistributed investment income-net was approximately $941,000 as of September 30, 2016.*
The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance. At times, to maintain a stable level of distributions, the Fund may pay out less than all of its net investment income or, in addition to paying out current net investment income, the Fund may pay out accumulated undistributed income, or may return capital. As market conditions and portfolio performance may change, the rate of distributions on the Fund's shares of common stock and the Fund's distribution policy could change.
* The accumulated undistributed investment income-net is determined in accordance with income tax regulations, which differ from U.S. generally accepted accounting principles.
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