LEO BNY Mellon Strategic Municipals Inc

On January 24, 2006, the Board of Directors of Dreyfus Strategic Municipals, Inc. (NYSE: LEO) declared from net investment income a monthly cash dividend of $0.042 per share of common stock, payable on February 24, 2006 to shareholders of record at the close of business on February 9, 2006. The ex-dividend date is February 7, 2006. The previous dividend declared in December was $0.046 per share of common stock. The level of dividend reduction principally is due to lower interest rates being realized on securities purchased with the income and principal proceeds from portfolio securities that have matured, been called or been sold and increased borrowing costs on the Fund's auction preferred stock.