Dreyfus Strategic Municipal Bond Fund : Annual Earnings Report for the Fiscal Year Ended November 30, 2011
January 31, 2012 at 05:30 pm EST
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DREYFUS STRATEGIC MUNICIPAL BOND FUND, INC. (NYSE: DSM) REPORTED THE
FOLLOWING FINANCIAL INFORMATION FOR THE FISCAL YEAR ENDED NOVEMBER 30,
2011, COMPARED WITH THE RESULTS FOR THE FISCAL YEAR ENDED NOVEMBER 30,
2010:
YEAR ENDED NOVEMBER 30:
2011
2010
NET INVESTMENT INCOME*
TOTAL
$27,805,189.00
$28,800,183.00
PER SHARE
$0.57
$0.59
NET INVESTMENT INCOME AFTER DIVIDENDS
PAID TO PREFERRED SHAREHOLDERS
TOTAL
$27,368,618.00
$28,125,484.00
PER SHARE (COMMON STOCK)
$0.56
$0.58
NET ASSET VALUE AT END OF PERIOD
NET OF PREFERRED STOCK
$394,955,410.00
$382,293,422.00
PREFERRED STOCK OUTSTANDING
$139,500,000.00
$149,475,000.00
PER SHARE (COMMON STOCK)
$8.10
$7.87
NET ASSET VALUE AT BEGINNING OF PERIOD
NET OF PREFERRED STOCK
$382,293,422.00
$384,456,742.00
PREFERRED STOCK OUTSTANDING
$149,475,000.00
$186,000,000.00
PER SHARE (COMMON STOCK)
$7.87
$7.93
*Net Investment Income is calculated based on U.S. generally
accepted accounting principles, whereas income distributions are
determined in accordance with income tax regulations, which differ from
U.S. generally accepted accounting principles.
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
BNY Mellon Strategic Municipal Bond Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The Fund ordinarily invests all of its net assets in municipal obligations that provide income exempt from federal personal income tax, and has adopted a fundamental investment policy to invest, under normal market conditions, at least 80% of its net assets in municipal obligations. The Fund may purchase floating and variable rate obligations, municipal derivatives, such as custodial receipt programs created by financial intermediaries, tender option bonds, and participations in municipal obligations. The Fund invests in various industries, including transportation, education, medical, airport, water, power, utilities and multifamily housing. The Fund's investment adviser is BNY Mellon Investment Adviser, Inc.