NPORT-EX 2 c10285bnymello-december20211.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY  Mellon  Municipal Income, Inc.

December 31, 2021 (Unaudited)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 144.6%

     

Alabama - 5.9%

     

Jefferson County, Revenue Bonds, Refunding, Ser. F

 

7.75

 

10/1/2046

 

4,000,000

a 

4,139,208

 

Southeast Energy Authority, Revenue Bonds (Project No. 2) Ser. B

 

4.00

 

12/1/2031

 

1,500,000

b 

1,819,527

 

The Lower Alabama Gas District, Revenue Bonds, Ser. A

 

5.00

 

9/1/2046

 

2,500,000

 

3,699,043

 

University of Alabama at Birmingham, Revenue Bonds, Ser. B

 

4.00

 

10/1/2036

 

1,500,000

 

1,776,005

 
 

11,433,783

 

Arizona - 5.3%

     

Arizona Industrial Development Authority, Revenue Bonds (Equitable School Revolving Fund Obligated Group) Ser. A

 

4.00

 

11/1/2050

 

1,355,000

 

1,547,596

 

Arizona Industrial Development Authority, Revenue Bonds (Phoenix Children's Hospital Obligated Group)

 

4.00

 

2/1/2050

 

1,000,000

 

1,153,478

 

Glendale Industrial Development Authority, Revenue Bonds, Refunding (Sun Health Services Obligated Group) Ser. A

 

5.00

 

11/15/2054

 

1,500,000

 

1,720,325

 

La Paz County Industrial Development Authority, Revenue Bonds (Harmony Public Schools) Ser. A

 

5.00

 

2/15/2046

 

1,500,000

c 

1,664,366

 

La Paz County Industrial Development Authority, Revenue Bonds (Harmony Public Schools) Ser. A

 

5.00

 

2/15/2036

 

1,000,000

c 

1,120,586

 

Salt Verde Financial Corp., Revenue Bonds

 

5.00

 

12/1/2037

 

2,190,000

 

3,072,128

 
 

10,278,479

 

California - 10.3%

     

California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. A

 

4.00

 

6/1/2039

 

565,000

 

670,243

 

California Municipal Finance Authority, Revenue Bonds (Community Health System) Ser. A

 

4.00

 

2/1/2051

 

1,500,000

 

1,759,125

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 144.6% (continued)

     

California - 10.3% (continued)

     

San Diego County Regional Airport Authority, Revenue Bonds, Ser. B

 

4.00

 

7/1/2051

 

2,500,000

 

2,899,951

 

Tender Option Bond Trust Receipts (Series 2016-XM0387), (Los Angeles Department of Airports, Revenue Bonds (Los Angeles International Airport)) Non-recourse, Underlying Coupon Rate (%) 5.00

 

17.86

 

5/15/2038

 

4,000,000

c,d,e 

4,229,555

 

Tender Option Bond Trust Receipts (Series 2016-XM0390), (The Regents of the University of California, Revenue Bonds, Refunding) Non-recourse, Underlying Coupon Rate (%) 5.00

 

17.92

 

5/15/2036

 

3,740,000

c,d,e 

3,965,781

 

Tender Option Bond Trust Receipts (Series 2020-XF2876), (San Francisco California City & County Airport Commission, Revenue Bonds, Refunding, Ser. E) Recourse, Underlying Coupon Rate (%) 5.00

 

17.27

 

5/1/2050

 

3,250,000

c,d,e 

3,966,361

 

Tobacco Securitization Authority of Southern California, Revenue Bonds, Refunding (San Diego County Tobacco Asset Securitization)

 

5.00

 

6/1/2048

 

2,000,000

 

2,464,788

 
 

19,955,804

 

Colorado - 7.7%

     

Colorado Educational & Cultural Facilities Authority, Revenue Bonds, Refunding (Johnson & Wales University) Ser. B

 

5.00

 

4/1/2023

 

1,680,000

f 

1,775,565

 

Colorado Health Facilities Authority, Revenue Bonds, Refunding (Covenant Living Communities & Services Obligated Group) Ser. A

 

4.00

 

12/1/2050

 

2,000,000

 

2,281,543

 

Colorado High Performance Transportation Enterprise, Revenue Bonds

 

5.00

 

12/31/2056

 

1,500,000

 

1,684,303

 

Tender Option Bond Trust Receipts (Series 2016-XM0385), (Board of Governors of the Colorado State University, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00

 

17.89

 

3/1/2038

 

2,540,000

c,d,e 

2,558,908

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 144.6% (continued)

     

Colorado - 7.7% (continued)

     

Tender Option Bond Trust Receipts (Series 2016-XM0433), (Colorado Springs, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.00

 

17.56

 

11/15/2043

 

3,997,093

c,d,e 

4,294,825

 

Tender Option Bond Trust Receipts (Series 2020-XM0829), (Colorado Health Facilities Authority, Revenue Bonds, Refunding (CommonSpirit Health Obligated Group, Ser. A1)) Recourse, Underlying Coupon Rate (%) 4.00

 

16.67

 

8/1/2044

 

1,645,000

c,d,e 

2,253,243

 
 

14,848,387

 

Connecticut - 2.9%

     

Connecticut, Revenue Bonds, Ser. A

 

5.00

 

5/1/2034

 

1,000,000

 

1,322,800

 

Connecticut, Revenue Bonds, Ser. A

 

5.00

 

5/1/2040

 

1,000,000

 

1,276,818

 

Connecticut Health & Educational Facilities Authority, Revenue Bonds, Refunding (Trinity Health Obligated Group)

 

5.00

 

12/1/2045

 

2,500,000

 

2,928,807

 
 

5,528,425

 

District of Columbia - 3.8%

     

Tender Option Bond Trust Receipts (Series 2016-XM0437), (District of Columbia, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.00

 

17.56

 

12/1/2035

 

6,997,490

c,d,e 

7,279,924

 

Florida - 7.5%

     

Atlantic Beach, Revenue Bonds (Fleet Landing Project) Ser. A

 

5.00

 

11/15/2048

 

1,500,000

 

1,696,075

 

Davie, Revenue Bonds (Nova Southeastern University Project) Ser. A

 

5.63

 

4/1/2023

 

1,000,000

f 

1,066,562

 

Florida Higher Educational Facilities Financial Authority, Revenue Bonds (Ringling College Project)

 

5.00

 

3/1/2049

 

1,500,000

 

1,781,580

 

Halifax Hospital Medical Center, Revenue Bonds, Refunding

 

4.00

 

6/1/2041

 

1,000,000

 

1,081,141

 

Palm Beach County Health Facilities Authority, Revenue Bonds (Lifespace Communities Obligated Group) Ser. B

 

4.00

 

5/15/2053

 

1,000,000

 

1,080,391

 

Tampa, Revenue Bonds (H. Lee Moffitt Cancer Center & Research Institute Obligated Group) Ser. B

 

5.00

 

7/1/2050

 

1,500,000

 

1,862,075

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 144.6% (continued)

     

Florida - 7.5% (continued)

     

Tender Option Bond Trust Receipts (Series 2019-XF0813), (Fort Myers Florida Utility, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 4.00

 

14.13

 

10/1/2049

 

1,015,000

c,d,e 

1,164,832

 

Tender Option Bond Trust Receipts (Series 2019-XM0782), (Palm Beach County Florida Health Facilities Authority, Revenue Bonds, Refunding (Baptist Health South Florida Obligated Group)) Recourse, Underlying Coupon Rate (%) 4.00

 

13.81

 

8/15/2049

 

2,770,000

c,d,e 

3,179,938

 

Tender Option Bond Trust Receipts (Series 2020-XF2877), (Greater Orlando Aviation Authority, Revenue Bonds, Ser. A) Recourse, Underlying Coupon Rate (%) 4.00

 

13.72

 

10/1/2049

 

1,380,000

c,d,e 

1,570,290

 
 

14,482,884

 

Georgia - 4.7%

     

Georgia Municipal Electric Authority, Revenue Bonds, Refunding (Plant Vogtle Units 3&4 Project) Ser. A

 

5.00

 

1/1/2056

 

1,100,000

 

1,344,473

 

Tender Option Bond Trust Receipts (Series 2019-XF2847), (Municipal Electric Authority of Georgia, Revenue Bonds (Plant Vogtle Unis 3&4 Project, Ser. A)) Recourse, Underlying Coupon Rate (%) 5.00

 

17.43

 

1/1/2056

 

1,270,000

c,d,e 

1,531,534

 

Tender Option Bond Trust Receipts (Series 2020-XM0825), (Brookhaven Development Authority, Revenue Bonds (Children's Healthcare of Atlanta, Ser. A)) Recourse, Underlying Coupon Rate (%) 4.00

 

15.11

 

7/1/2044

 

2,660,000

c,d,e 

3,313,530

 

The Atlanta Development Authority, Revenue Bonds, Ser. A1

 

5.25

 

7/1/2040

 

1,500,000

 

1,717,836

 

The Burke County Development Authority, Revenue Bonds, Refunding (Oglethorpe Power Corp.) Ser. D

 

4.13

 

11/1/2045

 

1,000,000

 

1,134,287

 
 

9,041,660

 

Illinois - 18.1%

     

Chicago Board of Education, Revenue Bonds

 

5.00

 

4/1/2046

 

1,725,000

 

1,995,083

 

Chicago II, GO, Refunding, Ser. A

 

6.00

 

1/1/2038

 

2,000,000

 

2,438,100

 

Chicago II, GO, Ser. A

 

5.00

 

1/1/2044

 

1,000,000

 

1,194,597

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 144.6% (continued)

     

Illinois - 18.1% (continued)

     

Chicago II Wastewater Transmission, Revenue Bonds, Refunding, Ser. C

 

5.00

 

1/1/2039

 

1,100,000

 

1,231,825

 

Chicago II Waterworks, Revenue Bonds (2nd Lien Project)

 

5.00

 

11/1/2028

 

1,000,000

 

1,114,980

 

Chicago Metropolitan Water Reclamation District, GO, Refunding, Ser. D

 

5.00

 

12/1/2031

 

500,000

 

673,694

 

Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. A

 

5.00

 

1/1/2048

 

2,000,000

 

2,399,373

 

Chicago Transit Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

12/1/2045

 

1,000,000

 

1,238,818

 

Illinois, GO, Refunding, Ser. A

 

5.00

 

10/1/2029

 

1,000,000

 

1,230,623

 

Illinois, GO, Ser. A

 

5.00

 

5/1/2038

 

1,250,000

 

1,506,332

 

Illinois, GO, Ser. D

 

5.00

 

11/1/2028

 

1,000,000

 

1,204,404

 

Illinois Finance Authority, Revenue Bonds, Refunding (Rosalind Franklin University of Medicine & Science)

 

5.00

 

8/1/2047

 

1,350,000

 

1,560,903

 

Illinois Toll Highway Authority, Revenue Bonds, Ser. A

 

4.00

 

1/1/2044

 

1,000,000

 

1,163,405

 

Metropolitan Pier & Exposition Authority, Revenue Bonds (McCormick Place Expansion Project)

 

5.00

 

6/15/2057

 

2,500,000

 

2,912,609

 

Metropolitan Pier & Exposition Authority, Revenue Bonds (McCormick Place Project) (Insured; National Public Finance Guarantee Corp.) Ser. A

 

0.00

 

12/15/2036

 

2,500,000

g 

1,766,800

 

Metropolitan Pier & Exposition Authority, Revenue Bonds, Refunding (McCormick Place Project) Ser. B

 

5.00

 

12/15/2028

 

1,500,000

 

1,531,753

 

Sales Tax Securitization Corp., Revenue Bonds, Refunding, Ser. A

 

4.00

 

1/1/2039

 

1,500,000

 

1,762,312

 

Tender Option Bond Trust Receipts (Series 2017-XM0492), (Illinois Finance Authority, Revenue Bonds, Refunding (The University of Chicago)) Non-recourse, Underlying Coupon Rate (%) 5.00

 

17.89

 

10/1/2040

 

7,000,000

c,d,e 

8,001,462

 
 

34,927,073

 

Indiana - .6%

     

Indiana Finance Authority, Revenue Bonds (Parkview Health System Obligated Group) Ser. A

 

5.00

 

11/1/2043

 

1,000,000

 

1,233,313

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 144.6% (continued)

     

Iowa - .6%

     

Iowa Tobacco Settlement Authority, Revenue Bonds, Refunding, Ser. B1

 

4.00

 

6/1/2049

 

1,000,000

 

1,150,370

 

Kentucky - .6%

     

Kentucky Economic Development Finance Authority, Revenue Bonds, Refunding (Louisville Arena Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

5.00

 

12/1/2045

 

1,000,000

 

1,222,967

 

Louisiana - 4.4%

     

Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue Bonds, Refunding (Westlake Chemical Project)

 

3.50

 

11/1/2032

 

1,000,000

 

1,097,066

 

Tender Option Bond Trust Receipts (Series 2018-XF2584), (Louisiana Public Facilities Authority, Revenue Bonds (Franciscan Missionaries of Our Lady Health System Project)) Non-recourse, Underlying Coupon Rate (%) 5.00

 

17.37

 

7/1/2047

 

6,320,000

c,d,e 

7,462,086

 
 

8,559,152

 

Maryland - 2.5%

     

Maryland Health & Higher Educational Facilities Authority, Revenue Bonds (Adventist Healthcare Obligated Group) Ser. A

 

5.50

 

1/1/2046

 

1,500,000

 

1,797,197

 

Maryland Health & Higher Educational Facilities Authority, Revenue Bonds, Refunding (Stevenson University Project)

 

4.00

 

6/1/2046

 

750,000

 

861,481

 

Tender Option Bond Trust Receipts (Series 2016-XM0391), (Mayor & City Council of Baltimore, Revenue Bonds, Refunding (Water Projects)) Non-recourse, Underlying Coupon Rate (%) 5.00

 

17.89

 

7/1/2042

 

2,000,000

c,d,e 

2,181,086

 
 

4,839,764

 

Massachusetts - 5.9%

     

Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Atrius Health Obligated Group) Ser. A

 

4.00

 

6/1/2049

 

1,500,000

 

1,718,316

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 144.6% (continued)

     

Massachusetts - 5.9% (continued)

     

Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Umass Memorial Health Care Obligated Group) Ser. I

 

5.00

 

7/1/2046

 

1,835,000

 

2,146,134

 

Massachusetts Development Finance Agency, Revenue Bonds, Refunding, Ser. A

 

5.00

 

7/1/2026

 

950,000

 

1,122,425

 

Massachusetts Educational Financing Authority, Revenue Bonds, Refunding, Ser. K

 

5.25

 

7/1/2029

 

720,000

 

734,378

 

Massachusetts Port Authority, Revenue Bonds, Refunding (Bosfuel Project) Ser. A

 

4.00

 

7/1/2044

 

1,500,000

 

1,713,319

 

Tender Option Bond Trust Receipts (Series 2016-XM0386), (University of Massachusetts Building Authority, Revenue Bonds, Refunding) Non-recourse, Underlying Coupon Rate (%) 5.00

 

17.87

 

5/1/2043

 

3,695,009

c,d,e 

3,920,539

 
 

11,355,111

 

Michigan - 2.3%

     

Michigan Finance Authority, Revenue Bonds, Refunding (Insured; National Public Finance Guarantee Corp.) Ser. D6

 

5.00

 

7/1/2036

 

500,000

 

552,011

 

Pontiac School District, GO

 

4.00

 

5/1/2050

 

1,000,000

 

1,167,893

 

Tender Option Bond Trust Receipts (Series 2019-XF2837), (Michigan State Finance Authority, Revenue Bonds (Henry Ford Health System)) Recourse, Underlying Coupon Rate (%) 4.00

 

13.74

 

11/15/2050

 

2,440,000

c,d,e 

2,764,808

 
 

4,484,712

 

Minnesota - 1.3%

     

Duluth Economic Development Authority, Revenue Bonds, Refunding (Essentia Health Obligated Group) Ser. A

 

5.00

 

2/15/2058

 

1,000,000

 

1,182,585

 

St. Paul Minnesota Housing & Redevelopment Authority, Revenue Bonds, Refunding (HealthEast Care System Project)

 

5.00

 

11/15/2025

 

1,200,000

f 

1,402,462

 
 

2,585,047

 

Missouri - 1.6%

     

Kansas City Industrial Development Authority, Revenue Bonds (Kansas City International Airport) Ser. A

 

5.00

 

3/1/2044

 

750,000

 

913,287

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 144.6% (continued)

     

Missouri - 1.6% (continued)

     

The Missouri Health & Educational Facilities Authority, Revenue Bonds (Lutheran Senior Services Projects) Ser. A

 

5.00

 

2/1/2042

 

2,000,000

 

2,211,655

 
 

3,124,942

 

Multi-State - .8%

     

Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificates, Revenue Bonds, Ser. M048

 

3.15

 

1/15/2036

 

1,430,000

c 

1,591,588

 

Nebraska - .6%

     

Douglas County Hospital Authority No. 2, Revenue Bonds (Children's Hospital Obligated Group)

 

5.00

 

11/15/2036

 

1,000,000

 

1,190,753

 

Nevada - 1.4%

     

Reno, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.)

 

4.00

 

6/1/2058

 

1,250,000

 

1,390,952

 

Reno, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.)

 

4.13

 

6/1/2058

 

1,250,000

 

1,392,431

 
 

2,783,383

 

New Hampshire - .6%

     

New Hampshire Business Finance Authority, Revenue Bonds, Refunding (Springpoint Senior Living Obligated Group)

 

4.00

 

1/1/2051

 

1,000,000

 

1,081,013

 

New Jersey - 7.9%

     

New Jersey Economic Development Authority, Revenue Bonds, Refunding, Ser. XX

 

5.25

 

6/15/2027

 

1,000,000

 

1,153,252

 

New Jersey Economic Development Authority, Revenue Bonds, Ser. WW

 

5.25

 

6/15/2040

 

1,180,000

 

1,349,144

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds

 

5.00

 

6/15/2046

 

1,250,000

 

1,504,477

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds

 

5.25

 

6/15/2043

 

2,000,000

 

2,456,011

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. AA

 

5.25

 

6/15/2033

 

1,000,000

 

1,150,892

 

New Jersey Turnpike Authority, Revenue Bonds, Ser. A

 

4.00

 

1/1/2051

 

1,200,000

 

1,410,694

 

South Jersey Port Corp., Revenue Bonds, Ser. B

 

5.00

 

1/1/2048

 

1,000,000

 

1,162,262

 

Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A

 

5.00

 

6/1/2046

 

3,860,000

 

4,535,418

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 144.6% (continued)

     

New Jersey - 7.9% (continued)

     

Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A

 

5.25

 

6/1/2046

 

390,000

 

466,132

 
 

15,188,282

 

New York - 6.5%

     

New York City, GO, Ser. D1

 

4.00

 

3/1/2050

 

2,750,000

 

3,180,556

 

New York Convention Center Development Corp., Revenue Bonds (Hotel Unit Fee) (Insured; Assured Guaranty Municipal Corp.) Ser. B

 

0.00

 

11/15/2049

 

5,600,000

g 

2,737,231

 

New York State Thruway Authority, Revenue Bonds, Refunding, Ser. A1

 

4.00

 

3/15/2053

 

1,000,000

 

1,170,027

 

New York Transportation Development Corp., Revenue Bonds (LaGuardia Airport Terminal B Redevelopment Project) Ser. A

 

5.25

 

1/1/2050

 

1,500,000

 

1,655,811

 

Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 223

 

4.00

 

7/15/2046

 

1,250,000

 

1,455,468

 

Tender Option Bond Trust Receipts (Series 2020-XM0826), (Metropolitan Transportation Authority, Revenue Bonds, Refunding (Green Bond) (Insured; Assured Guaranty Municipal Corp., Ser. C)) Non-recourse, Underlying Coupon Rate (%) 4.00

 

13.98

 

11/15/2046

 

2,070,000

c,d,e 

2,391,411

 
 

12,590,504

 

Ohio - 1.2%

     

Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Refunding, Ser. A2

 

4.00

 

6/1/2048

 

1,000,000

 

1,125,209

 

Cuyahoga County, Revenue Bonds, Refunding (The MetroHealth System)

 

5.00

 

2/15/2052

 

1,000,000

 

1,167,391

 
 

2,292,600

 

Pennsylvania - 8.3%

     

Allentown School District, GO, Refunding (Insured; Build America Mutual) Ser. B

 

5.00

 

2/1/2032

 

1,255,000

 

1,595,645

 

Clairton Municipal Authority, Revenue Bonds, Refunding, Ser. B

 

5.00

 

12/1/2042

 

1,000,000

 

1,031,271

 

Montgomery County Industrial Development Authority, Revenue Bonds, Refunding (ACTS Retirement-Life Communities Obligated Group)

 

5.00

 

11/15/2036

 

1,000,000

 

1,171,254

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 144.6% (continued)

     

Pennsylvania - 8.3% (continued)

     

Pennsylvania Economic Development Financing Authority, Revenue Bonds, Refunding (Presbyterian Senior Living)

 

4.00

 

7/1/2046

 

1,000,000

 

1,112,021

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (University of Sciences)

 

5.00

 

11/1/2033

 

2,000,000

 

2,249,871

 

Pennsylvania Turnpike Commission, Revenue Bonds, Ser. A

 

4.00

 

12/1/2050

 

1,000,000

 

1,158,246

 

Pennsylvania Turnpike Commission, Revenue Bonds, Ser. A1

 

5.00

 

12/1/2046

 

1,000,000

 

1,166,477

 

Pennsylvania Turnpike Commission, Revenue Bonds, Ser. B

 

4.00

 

12/1/2051

 

2,000,000

 

2,328,674

 

Pennsylvania Turnpike Commission, Revenue Bonds, Ser. B

 

5.25

 

12/1/2048

 

1,000,000

 

1,251,700

 

Philadelphia Water & Wastewater, Revenue Bonds, Ser. A

 

5.00

 

11/1/2050

 

1,000,000

 

1,261,176

 

The Philadelphia School District, GO (Insured; State Aid Withholding) Ser. A

 

4.00

 

9/1/2036

 

1,345,000

 

1,608,090

 
 

15,934,425

 

Rhode Island - .3%

     

Providence Public Building Authority, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

5.00

 

9/15/2037

 

500,000

 

619,156

 

South Carolina - 6.0%

     

South Carolina Jobs-Economic Development Authority, Revenue Bonds (Bishop Gadsden Episcopal Retirement Community Obligated Group)

 

5.00

 

4/1/2054

 

1,000,000

 

1,130,413

 

Tender Option Bond Trust Receipts (Series 2016-XM0384), (South Carolina Public Service Authority, Revenue Bonds, Refunding (Santee Cooper)) Non-recourse, Underlying Coupon Rate (%) 5.13

 

13.85

 

12/1/2043

 

4,800,000

c,d,e 

5,200,379

 

Tobacco Settlement Revenue Management Authority, Revenue Bonds, Ser. B

 

6.38

 

5/15/2030

 

3,750,000

 

5,155,342

 
 

11,486,134

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 144.6% (continued)

     

Tennessee - 1.1%

     

Tender Option Bond Trust Receipts (Series 2016-XM0388), (Metropolitan Government of Nashville & Davidson County, Revenue Bonds, Refunding) Non-recourse, Underlying Coupon Rate (%) 5.00

 

17.68

 

7/1/2040

 

2,000,000

c,d,e 

2,137,281

 

Texas - 11.4%

     

Clifton Higher Education Finance Corp., Revenue Bonds (Uplift Education) Ser. A

 

4.25

 

12/1/2034

 

1,000,000

 

1,065,658

 

Harris County-Houston Sports Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

0.00

 

11/15/2052

 

4,000,000

g 

1,061,783

 

Houston Airport System, Revenue Bonds, Refunding, Ser. A

 

4.00

 

7/1/2047

 

1,000,000

 

1,154,434

 

New Hope Cultural Education Facilities Finance Corp., Revenue Bonds, Refunding (Webminister Project)

 

4.00

 

11/1/2049

 

1,600,000

 

1,798,866

 

North Texas Education Finance Corp., Revenue Bonds (Uplift Education) Ser. A

 

5.13

 

6/1/2022

 

1,000,000

f 

1,020,046

 

San Antonio Education Facilities Corp., Revenue Bonds, Refunding (University of The Incarnate Word)

 

4.00

 

4/1/2051

 

1,750,000

 

1,982,420

 

Tender Option Bond Trust Receipts (Series 2016-XM0377), (San Antonio, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00

 

17.89

 

2/1/2043

 

6,300,000

c,d,e 

6,615,101

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (Blueridge Transportation Group)

 

5.00

 

12/31/2055

 

1,000,000

 

1,113,344

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (Blueridge Transportation Group)

 

5.00

 

12/31/2050

 

1,200,000

 

1,339,043

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (Segment 3C Project)

 

5.00

 

6/30/2058

 

2,500,000

 

2,996,146

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group)

 

4.00

 

12/31/2039

 

1,600,000

 

1,868,618

 
 

22,015,459

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 144.6% (continued)

     

U.S. Related - 1.2%

     

Puerto Rico, GO, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

5.00

 

7/1/2035

 

1,250,000

 

1,259,018

 

Puerto Rico Highway & Transportation Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. CC

 

5.25

 

7/1/2034

 

1,000,000

 

1,084,481

 
 

2,343,499

 

Utah - 1.5%

     

Utah Charter School Finance Authority, Revenue Bonds, Refunding (Summit Academy) Ser. A

 

5.00

 

4/15/2031

 

860,000

 

1,056,037

 

Utah Infrastructure Agency, Revenue Bonds, Refunding, Ser. A

 

5.00

 

10/15/2037

 

1,500,000

 

1,762,774

 
 

2,818,811

 

Virginia - 1.2%

     

Virginia Small Business Financing Authority, Revenue Bonds (Transform 66 P3 Project)

 

5.00

 

12/31/2052

 

2,000,000

 

2,368,664

 

Washington - 8.6%

     

Port of Seattle, Revenue Bonds

 

4.00

 

4/1/2044

 

1,000,000

 

1,132,714

 

Tender Option Bond Trust Receipts (Series 2018-XM0680), (Washington Convention Center Public Facilities District, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00

 

8.92

 

7/1/2058

 

13,000,000

c,d,e 

15,560,488

 
 

16,693,202

 

Total Investments (cost $253,607,928)

 

144.6%

279,466,551

 

Liabilities, Less Cash and Receivables

 

(29.0%)

(55,986,985)

 

Preferred Stock, at redemption value

 

(15.6%)

(30,225,000)

 

Net Assets Applicable to Common Shareholders

 

100.0%

193,254,566

 

GO—General Obligation

a Zero coupon until a specified date at which time the stated coupon rate becomes effective until maturity.

b These securities have a put feature; the date shown represents the put date and the bond holder can take a specific action to retain the bond after the put date.

c Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2021, these securities were valued at $99,919,902 or 51.7% of net assets.

d The Variable Rate shall be determined by the Remarketing Agent in its sole discretion based on prevailing market conditions and may, but need not, be established by reference to one or more financial indices.

e Collateral for floating rate borrowings. The coupon rate given represents the current interest rate for the inverse floating rate security.

f These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.

g Security issued with a zero coupon. Income is recognized through the accretion of discount.


STATEMENT OF FINANCIAL FUTURES
BNY  Mellon  Municipal Income, Inc.

December 31, 2021 (Unaudited)

The following is a summary of the inputs used as of December 31, 2021 in valuing the fund’s investments:

     
 

Level 1 - Unadjusted Quoted Prices

Level 2 - Other Significant Observable Inputs

Level 3 - Significant Unobservable Inputs

Total

Assets ($)

 

 

 

 

Investments in Securities:

    

Municipal Securities

-

292,568,911

-

292,568,911

Liabilities ($)

Floating Rate Notes

-

(67,429,592)

-

(67,429,592)

     

 See Statement of Investments for additional detailed categorizations, if any.


The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted quoted prices in active markets for identical investments.

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:

Investments in securities are valued each business day by an independent pricing service (the “Service”) approved by the fund's Board Members (the “Board”) Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as


calculated by the Service based upon its evaluation of the market for such securities). Debt investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.

The Service is engaged under the general oversight of the Board.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

Inverse Floater Securities: The fund participates in secondary inverse floater structures in which fixed-rate, tax-exempt municipal bonds are transferred to a trust (the “Inverse Floater Trust”). The Inverse Floater Trust typically issues two variable rate securities that are collateralized by the cash flows of the fixed-rate, tax-exempt municipal bonds. One of these variable rate securities pays interest based on a short-term floating rate set by a remarketing agent at predetermined intervals (“Trust Certificates”). A residual interest tax-exempt security is also created by the Inverse Floater Trust, which is transferred to the fund, and is paid interest based on the remaining cash flows of the Inverse Floater Trust, after payment of interest on the other securities and various expenses of the Inverse Floater Trust. An Inverse Floater Trust may be collapsed without the consent of the fund due to certain termination events such as bankruptcy, default or other credit event.

The fund accounts for the transfer of bonds to the Inverse Floater Trust as secured borrowings, with the securities transferred remaining in the fund’s investments, and the Trust Certificates reflected as fund liabilities in the Statement of Assets and Liabilities.

The fund may invest in inverse floater securities on either a non-recourse or recourse basis. These securities are typically supported by a liquidity facility provided by a bank or other financial institution (the “Liquidity Provider”) that allows the holders of the Trust Certificates to tender their certificates in exchange for payment from the Liquidity


Provider of par plus accrued interest on any business day prior to a termination event. When the fund invests in inverse floater securities on a non-recourse basis, the Liquidity Provider is required to make a payment under the liquidity facility due to a termination event to the holders of the Trust Certificates. When this occurs, the Liquidity Provider typically liquidates all or a portion of the municipal securities held in the Inverse Floater Trust. A liquidation shortfall occurs if the Trust Certificates exceed the proceeds of the sale of the bonds in the Inverse Floater Trust (“Liquidation Shortfall”). When a fund invests in inverse floater securities on a recourse basis, the fund typically enters into a reimbursement agreement with the Liquidity Provider where the fund is required to repay the Liquidity Provider the amount of any Liquidation Shortfall. As a result, a fund investing in a recourse inverse floater security bears the risk of loss with respect to any Liquidation Shortfall.

At December 31, 2021, accumulated net unrealized appreciation on investments was $25,858,623, consisting of $26,063,845 gross unrealized appreciation and $205,222 gross unrealized depreciation.

At December 31, 2021, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.