Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE: DSM) Announces New Index with respect to Auction Preferred Stock
Effective January 1, 2013, the Fund will use the S&P Municipal Bond 7 Day High Grade Rate Index in determining the Maximum Applicable Rate for each of its Series A, Series B and Series C Auction Preferred Stock (“APS”). This index replaces the S&P 30 Day High Grade Rate Index, which S&P is terminating effective January 1, 2013. The Fund has notified S&P of its intent to use the S&P Municipal Bond 7 Day High Grade Rate Index and has received written confirmation from S&P that the use of this index will not adversely affect the current AAA rating of the Fund’s APS.
Contacts:
For Press Inquiries:
The Dreyfus Corporation
Patrice M. Kozlowski, 212-922-6030
or
For Other Inquiries:
MBSC Securities Corporation
The National Marketing Desk
200 Park Avenue
New York, New York 10166
1-800-334-6899
The Dreyfus Corporation
Patrice M. Kozlowski, 212-922-6030
or
For Other Inquiries:
MBSC Securities Corporation
The National Marketing Desk
200 Park Avenue
New York, New York 10166
1-800-334-6899