LEO BNY Mellon Strategic Municipals Inc

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.