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Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Announces Dividend Reduction

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On November 3, 2014, the Board of Directors of Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared from net investment income a monthly cash dividend of $0.0415 per share of beneficial interest, payable on December 31, 2014 to shareholders of record at the close of business on December 16, 2014. The ex-dividend date is December 12, 2014. The $0.0415 per share investment income dividend represents a decrease of $0.006 from the previously declared monthly net investment income dividend of $0.0475 per share.

The dividend reductions primarily reflect the lower reinvestment rate environment that has existed in the market for the reinvestment of the proceeds from coupon payments and from called, sold and/or matured securities. DSM’s accumulated undistributed investment income-net was approximately $4,245,000 as of September 30, 2014.*

* The accumulated undistributed investment income-net is determined in accordance with income tax regulations, which differ from U.S. generally accepted accounting principles.

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