Dreyfus Strategic Municipals, Inc. Announces Subsequent Round of Partial Redemptions of Auction Rate Preferred Securities
13 August 2010 - 3:24AM
Business Wire
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 Fund’s
auction rate preferred securities (“ARPS”).* The Fund’s Board
previously had authorized the redemption of up to 25% of its
outstanding ARPS.
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 $49.25 million of its ARPS
(including the ARPS noted in the following chart).
Series
Cusip#
Total Shares
To Be
Redeemed
Total Amount
To Be
Redeemed
Redemption
Date
M 261932206 40 $1,000,000 August 31,
2010 T 261932305 40 $1,000,000
September 1, 2010 W 261932404 40 $1,000,000
September 2, 2010 TH 261932503 40
$1,000,000 September 3, 2010 F 261932602 40
$1,000,000 August 30, 2010
Additional information relative to the 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.
BNY Mellon Strategic Mun... (NYSE:LEO)
Historical Stock Chart
From Jun 2024 to Jul 2024
BNY Mellon Strategic Mun... (NYSE:LEO)
Historical Stock Chart
From Jul 2023 to Jul 2024