The Board of Each of Dreyfus Strategic Municipals, Inc. (NYSE:LEO) And Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Authorizes the Use of Tender Option Bonds in Connection with Any Partial Redemption of Its Auction

NEW YORK--(Business Wire)--
On Monday, November 9, 2009, the Board of Directors of each of Dreyfus Strategic
Municipals, Inc. (NYSE:LEO) and Dreyfus Strategic Municipal Bond Fund, Inc.
(NYSE:DSM) authorized each Fund to redeem up to 25 percent of its auction rate
preferred stock ("ARPS"), subject to market, regulatory and other conditions and
factors. It is currently anticipated that, upon redemption, the leverage
provided by the ARPS would be replaced through the creation of tender option
bonds ("TOBs"). The timing and amount for such redemptions and refinancing of
the ARPS could occur within approximately a12-month period, but will be
determined by the availability of acceptable terms on the TOBs, market,
regulatory and other factors, and Fund management is not certain when, or if,
such amount will be redeemed and refinanced. Before any such redemption of the
ARPS, each Fund would issue a notice containing specific details regarding the
redemption, which would include a press release that also would be placed on the
Dreyfus website.

The ability of each Fund to utilize TOBs is based, in part, on the eligibility
of its underlying municipal bonds for TOB programs. The extent to which each
Fund is able to use TOBs to redeem ARPS depends on market conditions, the Fund`s
portfolio composition, the cost of liquidity and the willingness of liquidity
providers to support TOBs, among other factors. The TOB structure is less
permanent than ARPS since TOBs may be unwound upon the occurrence of certain
events, such as a failed remarketing of the TOB securities, and there is no
certainty that TOB financing will be available in the future.Each Fund currently
has, or previously has used, TOBs in its portfolio separate and apart from the
leverage created by the ARPS.

Dreyfus Municipal Income, Inc. (NYX:DMF) announced a similar authorization with
respect to its ARPS on November 2, 2009.

Additional information relating to this matter can be accessed at
http://www.dreyfus.com/ars.

This press release is published solely for informational purposes and is not to
be construes as specific tax, legal or investment advice.Nor is this document
intended as a solicitation or an offer to buy or sell securities or related
financial instruments.The release should not be regarded by recipients as a
substitute for exercise of their own judgment.Statements made in this release
are based on current market conditions.Different market conditions and
assumptions could have materially different results.Neither Dreyfus, the Funds
nor any of their affiliates, directors, employees or agents accept any liability
for any loss or damage arising out of the use of all or any part of this
release.

Certain statements contained in this release may be forward-looking in
nature.Such statements represent current beliefs, based on information available
at the time the statements are made, with regard to matters addressed.Actual
future occurrences may differ significantly from those anticipated in any
forward-looking statements due to numerous factors.These include, but are not
limited to, those noted above, and other additional risks and uncertainties.The
Funds, Dreyfus and any of their affiliates, directors, employees or agents
undertake no responsibility to update publicly or revise any forward-looking
statements.

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

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