CORRECTING & REPLACING Certain Dreyfus Closed-End Municipal Bond Funds Announce Another Round of Partial Redemptions of Aucti...
08 August 2013 - 8:06AM
Business Wire
Please replace the release with the following corrected version
due to multiple revisions.
The corrected release reads:
CERTAIN DREYFUS CLOSED-END MUNICIPAL BOND
FUNDS ANNOUNCE ANOTHER ROUND OF PARTIAL REDEMPTIONS OF AUCTION RATE
PREFERRED SECURITIES
Each of Dreyfus Municipal Income, Inc. (NYX: DMF), 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 Funds’ auction
rate preferred securities (ARPS).* Each Fund previously redeemed
25% of its original outstanding ARPS and the Board of each Fund has
authorized the redemption of up to an additional 25% of its
original outstanding ARPS.
DMF is redeeming $10.7 million of its originally issued and
outstanding $100 million of ARPS. To date, DMF has redeemed or
called for redemption an aggregate of $35.7 million of its
ARPS.
Series
Cusip#
Total Shares
Redeemed
Total Amount
Redeemed
Redemption
Date
A 26201R201 214
$5,350,000 August 28, 2013 B
26201R300 214
$5,350,000 August 30, 2013
DSM is redeeming $20.7 million of its originally issued and
outstanding $186 million of ARPS. To date, DSM has redeemed or
called for redemption an aggregate of $67.2 million of its
ARPS.
Series
Cusip#
Total Shares
Redeemed
Total Amount
Redeemed
Redemption
Date
A 26202F206 276
$6,900,000 August 27, 2013 B
26202F305 276
$6,900,000 August 29, 2013 C
26202F404 276
$6,900,000 August 26, 2013
LEO is redeeming $30.5 million of its originally issued and
outstanding $285 million of ARPS. To date, LEO has redeemed or
called for redemption an aggregate of $101.75 million of its
ARPS.
Series
Cusip#
Total Shares
Redeemed
Total Amount
Redeemed
Redemption
Date
M 261932206 244
$6,100,000 August 27, 2013 T
261932305 244
$6,100,000 August 28, 2013 W
261932404 244
$6,100,000 August 29, 2013 TH
261932503 244
$6,100,000 August 30, 2013 F
261932602 244
$6,100,000 August 26, 2013
Additional information relative to each 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.
For Press Inquiries:The Dreyfus CorporationPatrice M.
Kozlowski(212) 922-6030orFor Other Inquiries:MBSC Securities
CorporationThe National Marketing Desk200 Park AvenueNew York, New
York 101661-800-334-6899
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