It is expected that the Fund's distributions will generally be treated as tax-exempt income for purposes of regular U.S. Federal income tax. A portion of the Fund's distributions may be (i) subject to U.S. Federal income tax and such distributions will generally be subject to state and local taxes, and (ii) includable in taxable income for purposes of the Federal alternative minimum tax.Certain Investment Risks. Bond funds are subject generally to interest rate, credit, liquidity, call, and market risks, to varying degrees. High yield bonds involve increased credit and liquidity risk compared with investment grade bonds and are considered speculative in terms of the issuer's ability to pay interest and repay principal on a timely basis. Municipal infrastructure bond funds also are subject to the special risks related to infrastructure investments, such as capital requirements and the regulatory environment related to infrastructure projects. The Fund also may employ leverage to enhance its potential to achieve its objective, through the issuance of preferred shares or participation in tender option bond programs, or may engage in derivative transactions that have the effect of leveraging the portfolio. Leverage can magnify the potential for gains and losses.
BNY Mellon's Dreyfus Announces First Closed-End Fund To Focus On Municipal Infrastructure Bond Investing
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