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Article: Dreyfus Strategic Municipal Bond Fund, Inc. Completes Offering of $186 Million of Preferred Stock.
- Article from:
- PR Newswire
- Article date:
- September 27, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Sept. 27 /PRNewswire/ -- Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE: DSM) announced today the completion of a public offering of $186 million of Auction Preferred Stock. The offering is an aggregate of 2,480 shares of Series A Preferred Stock, 2,480 shares of Series B Preferred Stock and 2,480 shares of Series C Preferred Stock, each at a purchase price of $25,000 per share plus accumulated dividends, if any, from the Date of Original Issue. Following the offering, the Fund will have over $600 million in net assets.
The offering's purpose is ...