Dreyfus Strategic Municipals, Inc. (NYSE: LEO) Announces New Index with Respect to Auction Preferred Stock
December 21 2012 - 11:11AM
Business Wire
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 M, Series T, Series
W, Series TH and Series F 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.
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