Dreyfus Closed-End Municipal Bond Funds Announce Second Round of Partial Redemptions of Auction Rate Preferred Securities
10 Mars 2010 - 7:46PM
Business Wire
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.
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