Dreyfus Closed-End Municipal Bond Funds Announce Second Round of Partial Redemptions of Auction Rate Preferred Securities
March 10, 2010 1:48 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 $5 million of its originally issued and outstanding $100 million of ARPS. To date, DMF has called for redemption an aggregate of $15 million of its ARPS.
|
Series |
Cusip# |
Total Shares
Redeemed |
Total Amount
Redeemed |
Redemption
Date |
||||||
| A | 26201R201 | 100 | $2,500,000 | March 31, 2010 | ||||||
| B | 26201R300 | 100 | $2,500,000 | April 5, 2010 | ||||||
DSM is redeeming $6.6 million of its originally issued and outstanding $186 million of ARPS. To date, DSM has called for redemption an aggregate of $11.7 million of its ARPS.
|
Series |
Cusip# |
Total Shares
Redeemed |
Total Amount
Redeemed |
Redemption
Date |
||||||
| A | 26202F206 | 88 | $2,200,000 | March 30, 2010 | ||||||
| B | 26202F305 | 88 | $2,200,000 | April 1, 2010 | ||||||
| C | 26202F404 | 88 | $2,200,000 | March 29, 2010 | ||||||
LEO is redeeming $8.5 million of its originally issued and outstanding $285 million of ARPS. To date, LEO has called for redemption an aggregate of $20 million of its ARPS.
|
Series |
Cusip# |
Total Shares
Redeemed |
Total Amount
Redeemed |
Redemption
Date |
||||||
| M | 261932206 | 68 | $1,700,000 | March 30, 2010 | ||||||
| T | 261932305 | 68 | $1,700,000 | March 31, 2010 | ||||||
| W | 261932404 | 68 | $1,700,000 | April 1, 2010 | ||||||
| TH | 261932503 | 68 | $1,700,000 | April 5, 2010 | ||||||
| F | 261932602 | 68 | $1,700,000 | March 29, 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
