Dreyfus Strategic Municipal Bond Fund, Inc. (DSM) Releases Fund Statistics

Fri Apr 24, 2:58 PM

NEW YORK--(BUSINESS WIRE)--The following information for Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE: DSM) is as of March 31, 2009 (except as otherwise noted), and is subject to change at any time. All percentages are based on total net assets (except as otherwise noted).

Dreyfus Strategic Municipal Bond Fund, Inc.

Symbol : “DSM”

As of March 31, 2009
 

Portfolio Overview

Sector Distribution (Top Five)

Subject to AMT 28 Health Care 18%
Number of Issues 131 Housing 14%
Average maturity 21 years Transportation 11%
Effective maturity 12 years General Obligation 8%
Duration 6.709 Resource Recovery 6%
Average rating* A
Average coupon 6.247

State Distribution (Top Five)

Average dollar price $94.258 Texas 19%
Pre-refunded securities 24% New York 8%
Leverage 35% California 7%
Virginia 5%

Market Summary

Wisconsin 5%
Market price range (52 weeks) $4.45-$8.09

NAV range (52 weeks)

$8.35-$6.l9

Call Schedule (Through 2013)

Market price $6.34 2009 22%
NAV $7.03 2010 6%
Premium/(discount) (11.522) 2011 3%
Average daily volume (52 weeks) 81,629 2012 3%
Shares outstanding 48,500MM 2013 3%
Net assets $526,918,743

Market Yield and Dividend Rate**

Portfolio Quality*

Current market yield 7.29%
AAA 27% Current dividend rate .0385
AA 20%
A 21%
BBB 18%
Below investment grade 8%
 

* The percentages of these ratings are calculated based on the higher of Standard & Poor's or Moody's for individual issues and on a Dreyfus rating for non-rated issues.

** The market yield is calculated by multiplying the current market distribution by 12 and dividing by the market price per share of $6.34 on March 31, 2009. Past Performance is no guarantee of future performance and price and yield will vary.

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