Dreyfus Closed-End Municipal Bond Funds Announce Partial Redemptions of Auction Rate Preferred Secur
Dreyfus Closed-End Municipal Bond Funds Announce Partial Redemptions of Auction Rate Preferred Securities
NEW YORK--(BUSINESS WIRE)-- Each of Dreyfus Municipal Income, Inc. (NYX:DMF), Dreyfus Strategic Municipal Bond Fund, Inc. (NYS: DSM) and Dreyfus Strategic Municipals, Inc. (NYS: LEO) today called for the partial redemption, at par value on a pro-rata basis by series in the amounts and on the dates indicated below, of the Funds' auction rate preferred securities (ARPS).* The Board of each Fund previously had authorized the redemption of up to 25% of its outstanding ARPS.
DMF is redeeming $10 million of its currently outstanding $100 million of ARPS.
Series | Cusip# | Total Shares | Total Amount | Redemption | ||||
A | 26201R201 | 200 | $5,000,000 | March 10, 2010 | ||||
B | 26201R300 | 200 | $5,000,000 | March 12, 2010 | ||||
DSM is redeeming $5.1 million of its currently outstanding $186 million of ARPS.
Series | Cusip# | Total Shares | Total Amount | Redemption | ||||
A | 26202F206 | 68 | $1,700,000 | March 9, 2010 | ||||
B | 26202F305 | 68 | $1,700,000 | March 11, 2010 | ||||
C | 26202F404 | 68 | $1,700,000 | March 8, 2010 | ||||
LEO is redeeming $11.5 million of its currently outstanding $285 million of ARPS.
Series | Cusip# | Total Shares | Total Amount | Redemption | ||||
M | 261932206 | 92 | $2,300,000 | March 9, 2010 | ||||
T | 261932305 | 92 | $2,300,000 | March 10, 2010 | ||||
W | 261932404 | 92 | $2,300,000 | March 11, 2010 | ||||
TH | 261932503 | 92 | $2,300,000 | March 12, 2010 | ||||
F | 261932602 | 92 | $2,300,000 | March 8, 2010 | ||||
Additional information relative to each Fund's ARPS can be accessed at http://www.dreyfus.com/ars.
* Redemptions will be allocated among participating broker-dealers by The DepositoryTrust Company using a predetermined methodology, and each broker-dealer will allocate the redeemed shares to the underlying beneficial owners according to its own procedures.
For Press Inquiries:
The Dreyfus Corporation
Patrice M. Kozlowski
(212) 922-6030
or
For Other Inquiries:
MBSC Securities Corporation
The National Marketing Desk
200 Park Avenue
New York, New York 10166
1-800-334-6899
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