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.
|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.
|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.
|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
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
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