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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item |
Dreyfus Strategic will redeem $12.75 million auction-rate preferreds
By Toni Weeks
San Diego, Dec. 21 - Dreyfus Strategic Municipals, Inc. will redeem a portion of its auction-rate preferred shares from several series in January, according to a filing with the Securities and Exchange Commission.
Each share has a liquidation preference of $25,000, and the redemption will total $12,750,000.
The redemption will be completed over five days, with 102 preferreds redeemed each day according to the following schedule: Series M on Jan. 18, series T on Jan. 19, series W on Jan. 20, series TH on Jan. 21 and series F on Jan. 18.
Dreyfus is a New York-based investment firm.
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