Dreyfus Closed-End Municipal Bond Funds Announce 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).* 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.