Dreyfus Strategic Municipal Bond Fund, Inc. & Dreyfus Strategic Municipals, Inc. Announce Subsequent Round of Partial Redempt...

Each of 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.

DSM is redeeming $5.85 million of its originally issued and outstanding $186 million of ARPS. To date, DSM has redeemed and/or called for redemption an aggregate of $36.525 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

        
      
      
        
          A
        
        
           
        
        
          26202F206
        
        
           
        
        
          78
        
        
           
        
        
          $1,950,000
        
        
           
        
        
          November 16, 2010
        
      
      
        
          B
        
        
           
        
        
          26202F305
        
        
           
        
        
          78
        
        
           
        
        
          $1,950,000
        
        
           
        
        
          November 18, 2010
        
      
      
        
          C
        
        
           
        
        
          26202F404
        
        
           
        
        
          78
        
        
           
        
        
          $1,950,000
        
        
           
        
        
          November 15, 2010
        
      
    
    

LEO is redeeming $7.0 million of its originally issued and outstanding $285 million of ARPS. To date, LEO has redeemed and/or called for redemption an aggregate of $56.25 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
        
        
           
        
        
          56
        
        
           
        
        
          $1,400,000
        
        
           
        
        
          November 16, 2010
        
      
      
        
          T
        
        
           
        
        
          261932305
        
        
           
        
        
          56
        
        
           
        
        
          $1,400,000
        
        
           
        
        
          November 17, 2010
        
      
      
        
          W
        
        
           
        
        
          261932404
        
        
           
        
        
          56
        
        
           
        
        
          $1,400,000
        
        
           
        
        
          November 18, 2010
        
      
      
        
          TH
        
        
           
        
        
          261932503
        
        
           
        
        
          56
        
        
           
        
        
          $1,400,000
        
        
           
        
        
          November 19, 2010
        
      
      
        
          F
        
        
           
        
        
          261932602
        
        
           
        
        
          56
        
        
           
        
        
          $1,400,000
        
        
           
        
        
          November 15, 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.