Dreyfus Strategic Municipals, Inc. Annual Earnings Report for the Fiscal Year Ended September 30, 2014

Dreyfus Strategic Municipals, Inc. (NYSE:LEO) reported the following financial information for the fiscal year ended September 30, 2014, compared with the results for the fiscal year ended September 30, 2013:

YEAR ENDED SEPTEMBER 30:

2014

2013

NET INVESTMENT INCOME*
TOTAL $33,744,559 $33,319,930
PER SHARE $0.55 $0.54
NET INVESTMENT INCOME AFTER DIVIDENDS
PAID TO PREFERRED SHAREHOLDERS
TOTAL $33,571,963 $32,902,280
PER SHARE (COMMON STOCK) $0.55 $0.53
NET ASSET VALUE AT END OF PERIOD
NET OF PREFERRED STOCK $542,101,942 $499,307,425
PREFERRED STOCK OUTSTANDING $142,500,000 $183,250,000
PER SHARE (COMMON STOCK) $8.76 $8.07
NET ASSET VALUE AT BEGINNING OF PERIOD
NET OF PREFERRED STOCK $499,307,425 $573,908,924
PREFERRED STOCK OUTSTANDING $183,250,000 $213,750,000
PER SHARE (COMMON STOCK) $8.07 $9.31

*Net Investment Income is calculated based on U.S. generally accepted accounting principles, whereas income distributions are determined in accordance with income tax regulations, which differ from U.S. generally accepted accounting principles.

Contacts:

For Press Inquiries:
The Dreyfus Corporation
Michael G. Dunn
(212) 922-7859
or
For Other Inquiries:
MBSC Securities Corporation
The National Marketing Desk
200 Park Avenue
New York, New York 10166
1-800-334-6899

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