Business & Finance
Business and Finance
Business and Finance 
Wed, May 19, 2010
Tue, May 18, 2010
Dreyfus Municipal Income, Inc. and Dreyfus Strategic Municipal Bond Fund, Inc. Announce Subsequent Round of Partial Redemptions
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.
Series | Cusip# | Total Shares | Total Amount | Redemption | ||||||||||||
| A | 26201R201 | 200 | $5,000,000 | June 9, 2010 | ||||||||||||
| B | 26201R300 | 200 | $5,000,000 | June 11, 2010 |
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.
Series | Cusip# | Total Shares | Total Amount | Redemption | ||||||||||||
| A | 26202F206 | 160 | $4,000,000 | June 8, 2010 | ||||||||||||
| B | 26202F305 | 160 | $4,000,000 | June 10, 2010 | ||||||||||||
| C | 26202F404 | 160 | $4,000,000 | June 7, 2010 |
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.