Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Dreyfus Closed-End Municipal Bond Funds Announce Partial Redemptions of Auction Rate Preferred Securities

DMF, DSM, LEO

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).* 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 currently outstanding $100 million of ARPS.

       

Series

Cusip#

Total Shares
Redeemed

Total Amount
Redeemed

Redemption
Date

A 26201R201 200 $5,000,000 March 10, 2010
B 26201R300 200 $5,000,000 March 12, 2010
 

DSM is redeeming $5.1 million of its currently outstanding $186 million of ARPS.

       

Series

Cusip#

Total Shares
Redeemed

Total Amount
Redeemed

Redemption
Date

A 26202F206 68 $1,700,000 March 9, 2010
B 26202F305 68 $1,700,000 March 11, 2010
C 26202F404 68 $1,700,000 March 8, 2010
 

LEO is redeeming $11.5 million of its currently outstanding $285 million of ARPS.

       

Series

Cusip#

Total Shares
Redeemed

Total Amount
Redeemed

Redemption
Date

M 261932206 92 $2,300,000 March 9, 2010
T 261932305 92 $2,300,000 March 10, 2010
W 261932404 92 $2,300,000 March 11, 2010
TH 261932503 92 $2,300,000 March 12, 2010
F 261932602 92 $2,300,000 March 8, 2010
 

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.



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today