BNY MELLON STRATEGIC MUNICIPALS, INC.

LEO is a closed-end fixed income mutual fund incorporated in Maryland and headquartered in New York. Launched in 1987 and formerly known as Dreyfus Strategic Municipals, Inc., the fund is managed by BNY Mellon Investment Adviser, Inc., a subsidiary of BNY Mellon. The fund's primary objective is to generate tax-exempt income for shareholders by investing in the U.S. municipal bond market.

The fund concentrates its portfolio in investment-grade municipal bonds, whose interest income qualifies for exemption from federal income taxation. Portfolio construction relies on fundamental analysis to select securities. Municipal bonds issued by state and local governments fund public infrastructure, education, healthcare, and other essential services. As a closed-end fund structure, LEO issues a fixed number of shares that trade on the NYSE rather than redeeming shares at net asset value like open-end mutual funds.

As a closed-end fund with approximately $0.4 billion in market capitalization, LEO operates within BNY Mellon's broader asset management division. The fund generates revenue primarily through management fees charged to its portfolio assets. The fund's investor base consists of individual and institutional investors seeking tax-advantaged fixed income exposure. BNY Mellon, the parent company, maintains a substantial global presence with operations across asset servicing, asset management, and wealth management.