LEO BNY Mellon Strategic Municipals Inc

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 Fund’s auction rate preferred securities (“ARPS”).* The Fund’s Board previously had authorized the redemption of up to 25% of its outstanding ARPS.

LEO is redeeming $5.0 million of its originally issued and outstanding $285 million of ARPS. To date, LEO has redeemed and/or called for redemption an aggregate of $49.25 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   40   $1,000,000   August 31, 2010 T   261932305   40   $1,000,000   September 1, 2010 W   261932404   40   $1,000,000   September 2, 2010 TH   261932503   40   $1,000,000   September 3, 2010 F   261932602   40   $1,000,000   August 30, 2010

Additional information relative to the 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.