Dreyfus Closed-End Municipal Bond Funds Announce Partial Redemptions of Auction Rate Preferred Securities
February 18, 2010 12:51 PM
Each of Dreyfus Municipal Income, Inc. (NYX:DMF), Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE: DSM) and Dreyfus Strategic Municipals, Inc. (NYSE: 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
Redeemed |
Total Amount
Redeemed |
Redemption
Date |
|||||
| 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
Redeemed |
Total Amount
Redeemed |
Redemption
Date |
|||||
| 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
Redeemed |
Total Amount
Redeemed |
Redemption
Date |
|||||
| 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 Depository Trust 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
