Dreyfus Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Private Placement of $50 Mill
Dreyfus Municipal Bond Infrastructure Fund, Inc.
NEW YORK--(BUSINESS WIRE)-- Dreyfus Municipal Bond Infrastructure Fund, Inc. (NYS: DMB) announced today that it had successfully placed $50 million in Variable Rate Muni Term Preferred Shares ("VMTP Shares") to a "qualified institutional buyer" as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to an offering exempt from registration under the Securities Act.
In connection with the Fund's issuance of VMTP Shares, the Fund will post regularly certain information at https://public.dreyfus.com/insights-ideas/research-articles/splash/DMB.html, including certain asset coverage and leverage ratios (within 5 business days of the last day of each month) and a fact sheet containing certain statistical information (within 15 business days of the last day of each month).
FORWARD LOOKING STATEMENTS
This press release may contain forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including, but not limited to, market developments, legal and regulatory developments and other additional risks and uncertainties. The Fund, its investment adviser and its sub-investment adviser undertake no responsibility to update or revise any forward-looking statements.
This notice is being provided pursuant to Regulation FD (Fair Disclosure) to ensure that the Fund's common and preferred shareholders have been informed of the Fund's issuance of VMTP Shares.
This press release in neither an offer to sell nor a solicitation of an offer to buy the VMTP Shares.No VMTP Shares have been registered under the Securities Act or any state securities laws.Unless so registered, no VMPT Shares may be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws, as well as subject to certain transfer restrictions.
For Press Inquiries:
The Dreyfus Corporation
Patrice M. Kozlowski
For Other Inquiries:
MBSC Securities Corporation
The National Marketing Desk
200 Park Avenue
New York, New York 10166
KEYWORDS: United States North America New York
The article Dreyfus Municipal Bond Infrastructure Fund, Inc. (NYS: DMB) Announces Private Placement of $50 Million of Variable Rate Muni Term Preferred Shares originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.