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.

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The Dreyfus Corporation
Patrice M. Kozlowski
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or
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