Dreyfus municipal funds call $80.85 million of auction-rate preferreds

By Tali David

Minneapolis, Dec. 5 - Dreyfus Municipal Income, Inc. called $14.3 million of its auction-rate preferred shares, while Dreyfus Strategic Municipal Bond Fund, Inc. called $25.8 million and Dreyfus Strategic Municipals, Inc. called $40.75 million of their auction-rate preferreds, according to a press release.

The following Dreyfus Municipal Income ARPS will be redeemed:

• $7.15 million, or 286 shares, of series A ARPS to be redeemed on Jan. 2; and

• $7.15 million, or 286 shares, of series B ARPS to be redeemed on Jan. 3.

The following Dreyfus Strategic Municipal Bond Fund ARPS will be redeemed:

• $8.6 million, or 344 shares, of series A ARPS to be redeemed on Dec. 31;

• $8.6 million, or 344 shares, of series B ARPS to be redeemed on Jan. 2; and

• $8.6 million, or 344 shares, of series C ARPS to be redeemed on Dec. 30.

The following Dreyfus Strategic Municipals ARPS will be redeemed:

• $8.15 million, or 326 shares, of series T ARPS to be redeemed on Dec. 31;

• $8.15 million, or 326 shares, of series M ARPS to be redeemed on Jan. 2;

• $8.15 million, or 326 shares, of series W ARPS to be redeemed on Jan. 2;

• $8.15 million, or 326 shares, of series TH ARPS to be redeemed on Jan. 3; and

• $8.15 million, or 326 shares, of series F ARPS to be redeemed on Jan. 6.

Dreyfus is a New York City-based manager of investment products and strategies.

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