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Dreyfus Municipal Bond Closed-End Funds Announce Expiration and Preliminary Results of Issuer Tender Offers for Outstanding Auction Rate Preferred Stock

BANK of NEW YORK MELLON (BK)  More Company Research Source: Business Wire
Last bank of new york mellon earnings: 7/19 06:30 am Check Earnings Report
PDF NEW YORK--(BUSINESS WIRE)-- The Dreyfus Corporation and each of the Dreyfus municipal bond closed-end funds listed below (each, the "Fund" and collectively, the "Funds") announced today the expiration and preliminary results of the previously announced issuer tender offer (each, a "Tender Offer") to purchase up to 100% of the Fund's outstanding auction rate preferred stock ("ARPS") at a price per share equal to 95% of the liquidation preference of $25,000 per share (or $23,750 per share), plus any unpaid ARPS dividends accrued through the expiration date of each Tender Offer. Each Fund's Tender Offer expired on February 28, 2018 at 5:00 p.m. Eastern Standard Time. All shares that were validly tendered and not withdrawn during the offering period have been preliminarily accepted for payment. Completion of each Fund's Tender Offer is conditional upon its creation of tender option bonds on terms satisfactory to [Read more]

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