Dreyfus Municipal Income, Inc. (NYX: DMF) Announces Dividend Reduction
May 25 2016 - 11:37AM
Business Wire
Dreyfus Municipal Income, Inc. (NYX:DMF) today announced a
monthly cash dividend of $0.041 per share of common stock, payable
on June 30, 2016 to shareholders of record at the close of business
on June 10, 2016. The ex-dividend date is June 8, 2016. The $0.041
per share investment income dividend represents a decrease of
$0.004 from the previously declared monthly net investment income
dividend of $0.045 per share.
The dividend reduction primarily reflects 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. DMF's accumulated undistributed
investment income-net was approximately $489,000 as of April 30,
2016.*
* 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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For Press Inquiries:The Dreyfus CorporationMelissa Cassar(212)
922-6038orFor Other Inquiries:MBSC Securities CorporationThe
National Marketing Desk200 Park AvenueNew York, New York
101661-800-334-6899
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