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Dreyfus Strategic Municipal Bond Fund, Inc. and Dreyfus Strategic Municipals, Inc. Announce Subsequent Round of Partial Redempt

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  Published in Business and Finance on Friday, July 9th 2010 at 9:35 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Each of 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 Fundsa™ auction rate preferred securities (aARPSa).* The Board of each Fund previously had authorized the redemption of up to 25% of its outstanding ARPS.

DSM is redeeming $2.475 million of its originally issued and outstanding $186 million of ARPS. To date, DSM has redeemed and/or called for redemption an aggregate of $30.675 million of its ARPS (including the ARPS noted in the following chart).

LEO is redeeming $5.0 million of its originally issued and outstanding $285 million of ARPS. To date, LEO has redeemed and/or called for redemption an aggregate of $44.25 million of its ARPS (including the ARPS noted in the following chart).

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.