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Dreyfus Municipal Income, Inc. and Dreyfus Strategic Municipal Bond Fund, Inc. Announce Subsequent Round of Partial Redemptions

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  Published in Business and Finance on Tuesday, May 18th 2010 at 10:15 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Each of Dreyfus Municipal Income, Inc. (NYX: DMF) and Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE: DSM) 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 Fundsa™ 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 originally issued and outstanding $100 million of ARPS. To date, DMF has redeemed and/or called for redemption an aggregate of $25 million of its ARPS.

DSM is redeeming $12 million of its originally issued and outstanding $186 million of ARPS. To date, DSM has redeemed and/or called for redemption an aggregate of $28.2 million of its ARPS.

Additional information relative to each Funda™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.