formnq852
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UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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FORM N-Q
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QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
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INVESTMENT COMPANY
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Investment Company Act file number 811-5877
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Dreyfus Strategic Municipal Bond Fund, Inc.
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(Exact name of Registrant as specified in charter)
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c/o The Dreyfus Corporation
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200 Park Avenue
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New York, New York 10166
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(Address of principal executive offices) (Zip code)
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Mark N. Jacobs, Esq.
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200 Park Avenue
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New York, New York 10166
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(Name and address of agent for service)
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Registrant's telephone number, including area code: (212) 922-6000
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Date of fiscal year end:
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11/30
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Date of reporting period:
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2/28/06
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Item 1. Schedule of Investments.
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Dreyfus Strategic Municipal Bond Fund, Inc.
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Statement of Investments
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Februrary 28, 2006 (Unaudited)
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Principal
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Long-Term Municipal Investments--139.8%
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Amount ($)
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Value ($)
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Alabama--1.0%
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Jefferson County, Limited Obligation
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School Warrants 5.50%, 1/1/2022
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4,000,000
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4,355,280
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Alaska--4.1%
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Alaska Housing Finance Corp.:
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6.25%, 6/1/2035
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5,085,000
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5,361,471
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6.05%, 6/1/2039 (Insured; MBIA)
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11,915,000
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12,326,663
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Arizona--1.1%
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Apache County Industrial Development Authority, PCR
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(Tucson Electric Power Co.) 5.85%, 3/1/2028
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2,220,000
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2,220,755
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Glendale Industrial Development Authority, HR
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(John C. Lincoln Health Network)
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5.25%, 12/1/2024
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2,415,000
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2,513,024
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Arkansas--1.9%
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Arkansas Development Finance Authority, SFMR
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6.25%, 1/1/2032
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2,780,000
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2,796,680
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Little Rock School District
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5.25%, 2/1/2030 (Insured; FSA)
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5,000,000
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5,257,600
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California--7.4%
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California
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5.50%, 4/1/2028
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5,450,000
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6,061,926
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California Department of Veteran Affairs,
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Home Purchase Revenue 5.20%, 12/1/2028
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5,000,000
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5,003,450
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California Department of Water Resources,
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Power Supply Revenue 6%, 5/1/2012
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5,000,000
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a
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5,711,500
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California Health Facilities Financing Authority, Revenue
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(Cedars-Sinai Medical Center):
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6.25%, 12/1/2009
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3,750,000
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a
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4,158,562
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5%, 11/15/2018
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3,925,000
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4,143,583
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Chula Vista, IDR
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(San Diego Gas Project) 5%, 12/1/2027
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3,000,000
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3,103,710
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Golden State Tobacco Securitization Corp.,
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Enhanced Tobacco Settlement Asset-Backed
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5%, 6/1/2021
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3,865,000
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3,901,022
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Colorado--4.3%
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Colorado Health Facilities Authority, Revenue
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(American Housing Foundation 1, Inc.)
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1,995,000
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2,066,780
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8.50%, 12/1/2031
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Colorado Housing and Financing Authority
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(Single Family Program Senior And Subordinate) 6.60%, 8/1/2032
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2,285,000
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2,338,972
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Denver City and County, Special Facilities Airport Revenue
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(United Air Lines) 6.875%, 10/1/2032
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2,885,000
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b
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2,900,521
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Northwest Parkway Public Highway Authority, Revenue
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(First Tier Subordinated) 7.125%, 6/15/2041
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7,000,000
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6,668,270
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Silver Dollar Metropolitan District
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7.05%, 12/1/2006
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4,755,000
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a
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4,878,250
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Connecticut--4.8%
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Connecticut Development Authority, PCR
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(Connecticut Light and Power) 5.95%, 9/1/2028
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9,000,000
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9,540,720
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Connecticut Health and Educational Facilities
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Authority, Revenue (Yale University)
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5%, 7/1/2042
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4,850,000
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5,073,973
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Connecticut Resource Recovery Authority
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(American Refunding-Fuel Company)
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6.45%, 11/15/2022
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4,985,000
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5,011,570
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Mohegan Tribe Indians Gaming Authority,
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Public Improvement-Priority Distribution
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6.25%, 1/1/2031
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1,000,000
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1,073,440
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District of Columbia--1.0%
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Metropolitan Washington Airports Authority,
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Special Facilities Revenue
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(Caterair International Corp.) 10.125%, 9/1/2011
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4,500,000
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4,506,750
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Florida--3.9%
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Florida Housing Finance Corp., Housing Revenue
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(Seminole Ridge Apartments)
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6%, 4/1/2041 (Collateralized; GNMA)
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6,415,000
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6,697,837
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Miami-Dade County Expressway Authority,
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Toll System Revenue
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5.125%, 7/1/2029 (Insured; FGIC)
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3,250,000
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3,412,890
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Orange County Health Facilities Authority, Revenue:
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(Adventist Health System) 6.25%, 11/15/2024
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3,000,000
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3,347,970
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(Orlando Regional Healthcare System) 6%, 10/1/2026
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3,500,000
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3,694,250
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Georgia--2.0%
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Atlanta, Airport Revenue
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5.25%, 1/1/2025 (Insured; FSA)
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3,000,000
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3,183,780
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Augusta, Airport Revenue
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5.45%, 1/1/2031
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2,500,000
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2,570,425
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Savannah Economic Development Authority,
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EIR (International Paper Co.)
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6.20%, 8/1/2027
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2,670,000
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2,825,020
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Idaho--.1%
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Idaho Housing and Finance Association, SFMR
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6.35%, 1/1/2030 (Collateralized; FNMA)
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550,000
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575,674
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Illinois--11.2%
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Chicago, SFMR
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6.25%, 10/1/2032 (Collateralized: FHLMC, FNMA and GNMA)
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2,590,000
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2,662,080
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Chicago O'Hare International Airport:
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General Airport Revenue (3rd Lien):
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5.25%, 1/1/2026 (Insured; MBIA)
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5,000,000
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5,429,850
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6%, 1/1/2029 (Insured; XLCA)
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5,000,000
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5,611,650
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Special Facility Revenue
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(American Airlines Inc.)
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8.20%, 12/1/2024
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7,200,000
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7,166,520
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Illinois Educational Facilities Authority, Revenue:
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(Northwestern University)
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5%, 12/1/2038
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5,000,000
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5,176,750
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(University of Chicago)
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5.125%, 7/1/2038 (Insured; MBIA)
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5,000,000
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5,194,900
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Illinois Health Facilities Authority, Revenue:
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(Advocate Network Health Care) 6.125%, 11/15/2010
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5,000,000
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a
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5,546,000
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(OSF Healthcare Systems) 6.25%, 11/15/2009
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10,900,000
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a
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12,014,525
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Indiana--1.5%
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Franklin Township School Building Corp.
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6.125%, 7/15/2010
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6,000,000
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a
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6,718,560
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Louisiana--1.8%
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West Feliciana Parish, PCR (Entergy Gulf States):
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7%, 11/1/2015
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3,000,000
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3,028,920
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6.60%, 9/1/2028
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4,700,000
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4,735,156
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Maryland--1.2%
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Maryland Economic Development Corp.,
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Student Housing Revenue (University of Maryland)
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5.75%, 10/1/2033
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2,550,000
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2,601,663
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Maryland Industrial Development Financing
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Authority, EDR (Medical Waste Associates
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Limited Partnership) 8.75%, 11/15/2010
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3,710,000
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2,681,254
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Massachusetts--3.0%
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Massachusetts Development Finance Agency, Revenue
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(WGBH Educational Foundation)
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5.375%, 1/1/2042 (Insured; AMBAC)
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5,750,000
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6,209,770
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Massachusetts Housing Finance Agency,
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(Housing) 5%, 6/1/2030
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1,000,000
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1,032,710
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Massachusetts Health and Educational Facilities
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Authority, Revenue:
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(Civic Investments) 9%, 12/15/2015
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2,000,000
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2,430,260
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(Partners Healthcare System) 5.75%, 7/1/2032
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3,000,000
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3,269,070
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Michigan--3.0%
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Charyl Stockwell Academy, COP
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6%, 10/1/2035
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2,000,000
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2,032,860
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Kent Hospital Finance Authority,
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Revenue (Metropolitian Hospital Project)
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6%, 7/1/2035
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2,000,000
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2,158,200
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Michigan Strategic Fund, SWDR
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(Genesee Power Station) 7.50%, 1/1/2021
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8,720,000
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8,644,136
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Minnesota--1.0%
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Saint Paul Housing and Redevelopment Authority,
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Hospital Facility Revenue (HealthEast Project):
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6%, 11/15/2025
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1,000,000
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1,090,180
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6%, 11/15/2035
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3,000,000
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3,251,430
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Mississippi--.7%
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Mississippi Business Finance Corp. PCR
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(Systems Energy Resources, Inc.) 5.90%, 5/1/2022
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3,160,000
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3,202,218
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Nebraska--.4%
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Nebraska Investment Finance Authority, SFMR
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9.014%, 3/1/2026
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1,500,000
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c,d
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1,541,040
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Nevada--3.9%
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Clark County, IDR
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(Nevada Power Co. Project) 5.60%, 10/1/2030
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3,000,000
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2,999,700
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Washoe County:
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(Reno-Sparks Convention) 6.40%, 1/1/2010
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(Insured; FSA)
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8,000,000
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a
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8,822,160
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Water Facility Revenue (Sierra Pacific Power Co.)
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5%, 7/1/2009
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5,000,000
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5,054,700
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New Hampshire--3.4%
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New Hampshire Business Finance Authority, PCR
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(Public Service Co.):
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Series D, 6%, 5/1/2021 (Insured; MBIA)
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2,690,000
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2,866,195
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Series E, 6%, 5/1/2021 (Insured; MBIA)
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6,000,000
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6,393,000
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New Hampshire Industrial Development Authority, PCR
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(Connecticut Light) 5.90%, 11/1/2016
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|
5,400,000
|
|
|
|
5,522,904
|
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|
New Jersey--4.6%
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|
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|
New Jersey Economic Development Authority:
|
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Special Facilities Revenue (Continental Airlines, Inc. Project):
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6.25%, 9/15/2019
|
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4,620,000
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4,549,453
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6.25%, 9/15/2029
|
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4,000,000
|
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|
3,878,680
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Tobacco Settlement Financing Corp. of New Jersey
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7%, 6/1/2041
|
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10,095,000
|
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|
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11,558,068
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New York--6.3%
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New York City Industrial Development Agency,
|
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Special Facility Revenue (American Airlines, Inc.
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John F. Kennedy International Airport Project):
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8%, 8/1/2028
|
|
3,000,000
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|
|
3,299,340
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7.75%, 8/1/2031
|
|
11,000,000
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|
|
11,893,860
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|
|
New York State Dormitory Authority, Revenue:
|
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|
(Marymount Manhattan College)
|
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|
6.25%, 7/1/2029 (Insured; Radian)
|
|
4,000,000
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|
|
|
4,328,720
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(Suffolk County Judicial Facility)
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9.50%, 4/15/2014
|
|
605,000
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835,342
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|
|
TSASC Inc., of New York,
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|
Tobacco Settlement Asset-Backed Bonds
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|
|
5.125%, 6/1/2042
|
|
7,000,000
|
|
|
|
6,953,730
|
|
|
|
North Carolina--.6%
|
|
|
|
|
|
|
|
North Carolina Eastern Municipal Power Agency,
|
|
|
|
|
|
|
|
Power Systems Revenue 6.70%, 1/1/2019
|
|
2,500,000
|
|
|
|
2,752,425
|
|
|
|
Ohio--6.2%
|
|
|
|
|
|
|
|
|
|
Cuyahoga County:
|
|
|
|
|
|
|
|
Hospital Facilities Revenue
|
|
|
|
|
|
|
|
(UHHS/CSAHS - Cuyahoga Inc. and
|
|
|
|
|
|
|
|
CSAHS/UHHS - Canton Inc. Projects) 7.50%, 1/1/2030
|
|
3,500,000
|
|
|
|
3,909,885
|
|
Hospital Improvement Revenue
|
|
|
|
|
|
|
|
(The Metrohealth System Project)
|
|
|
|
|
|
|
|
6.15%, 2/15/2009
|
|
10,000,000
|
|
a
|
|
10,828,200
|
|
|
|
Mahoning County, HR
|
|
|
|
|
|
|
|
(Forum Health Obligation Group)
|
|
|
|
|
|
|
|
6%, 11/15/2032
|
|
3,250,000
|
|
|
|
3,265,568
|
|
|
|
Ohio Air Quality Development Authority, PCR
|
|
|
|
|
|
|
|
(Cleveland Electric Illuminating Co.)
|
|
|
|
|
|
|
|
6.10%, 8/1/2020 (Insured; ACA)
|
|
2,400,000
|
|
|
|
2,498,808
|
|
|
|
Ohio Housing Finance Agency, Residential Mortgage Revenue
|
|
|
|
|
|
(Motgage-Backed Securities Program)
|
|
|
|
|
|
|
|
6.15%, 3/1/2029 (Collateralized; GNMA)
|
|
2,130,000
|
|
|
|
2,168,127
|
|
|
|
Ohio Water Development Authority, PCR
|
|
|
|
|
|
|
|
(Cleveland Electric) 6.10%, 8/1/2020 (Insured; ACA)
|
|
4,000,000
|
|
|
|
4,164,680
|
|
|
|
Oklahoma--3.4%
|
|
|
|
|
|
|
|
|
|
Oklahoma Development Finance Authority, Revenue
|
|
|
|
|
|
|
|
(Saint John Health System) 6%, 2/15/2029
|
|
9,000,000
|
|
|
|
9,618,660
|
|
|
|
Oklahoma Industries Authority, Health System
|
|
|
|
|
|
|
|
Revenue (Obligation Group):
|
|
|
|
|
|
|
|
5.75%, 8/15/2009 (Insured; MBIA)
|
|
2,105,000
|
|
a
|
|
2,270,432
|
|
5.75%, 8/15/2029 (Insured; MBIA)
|
|
2,895,000
|
|
|
|
3,096,115
|
|
|
|
Oregon--.8%
|
|
|
|
|
|
|
|
|
|
Western Generation Agency,
|
|
|
|
|
|
|
|
Cogeneration Project Revenue
|
|
|
|
|
|
|
|
(Wauna Cogeneration) 7.40%, 1/1/2016
|
|
3,250,000
|
|
|
|
3,295,370
|
|
|
|
Pennsylvania--2.2%
|
|
|
|
|
|
|
|
|
|
Allegheny County Port Authority, Special Transportation
|
|
|
|
|
|
|
|
Revenue 6.125%, 3/1/2009
|
|
|
|
|
|
|
|
(Insured; MBIA)
|
|
4,750,000
|
|
a
|
|
5,151,993
|
|
Pennsylvania Economic Development Financing
|
|
|
|
|
|
Authority, Exempt Facilities Revenue
|
|
|
|
|
|
|
|
(Reliant Energy) 6.75%, 12/1/2036
|
|
4,000,000
|
|
|
|
4,266,800
|
|
|
|
Pennsylvania Housing Finance Agency,
|
|
|
|
|
|
|
|
Multi-Family Development Revenue
|
|
|
|
|
|
|
|
8.25%, 12/15/2019
|
|
249,000
|
|
|
|
249,634
|
|
|
|
Rhode Island--1.5%
|
|
|
|
|
|
|
|
|
|
Rhode Island Health and Educational Building
|
|
|
|
|
|
|
|
Corp., Higher Educational Facilities
|
|
|
|
|
|
|
|
(University of Rhode Island)
|
|
|
|
|
|
|
|
5.875%, 9/15/2009 (Insured; MBIA)
|
|
5,910,000
|
|
a
|
|
6,442,491
|
|
|
|
South Carolina--7.6%
|
|
|
|
|
|
|
|
|
|
Georgetown County,
|
|
|
|
|
|
|
|
EIR (International Paper Co. Projects)
|
|
|
|
|
|
|
|
5.55%, 12/1/2029
|
|
2,000,000
|
|
|
|
2,045,340
|
|
|
|
Greenville County School District,
|
|
|
|
|
|
|
|
Installment Purchase Revenue
|
|
|
|
|
|
|
|
(Residuals-Series 982) 7.56%, 12/1/2028
|
|
9,500,000
|
|
c,d
|
|
11,092,960
|
|
|
|
Greenville Hospital System, Hospital Facilities Revenue
|
|
|
|
|
|
5.50%, 5/1/2026 (Insured; AMBAC)
|
|
7,000,000
|
|
|
|
7,571,340
|
|
|
|
Richland County, EIR
|
|
|
|
|
|
|
|
(International Paper Co.) 6.10%, 4/1/2023
|
|
6,500,000
|
|
|
|
6,990,100
|
|
|
|
The Medical University of South Carolina, Hospital Facilities
|
|
|
|
|
|
Revenue 6%, 7/1/2009
|
|
5,000,000
|
|
a
|
|
5,432,750
|
|
|
|
Tennessee--3.7%
|
|
|
|
|
|
|
|
|
|
Johnson City Health and Educational Facilities Board, HR
|
|
|
|
|
|
(1st Mortgage-Mountain State Health):
|
|
|
|
|
|
|
|
7.50%, 7/1/2025
|
|
2,000,000
|
|
|
|
2,366,800
|
|
7.50%, 7/1/2033
|
|
4,875,000
|
|
|
|
5,737,875
|
|
|
|
Memphis Center City Revenue Finance Corp.,
|
|
|
|
|
|
|
|
Sports Facility Revenue
|
|
|
|
|
|
|
|
(Memphis Redbirds) 6.50%, 9/1/2028
|
|
6,000,000
|
|
|
|
5,914,920
|
|
|
|
Tennessee Housing Development Agency
|
|
|
|
|
|
|
|
(Homeownership Program)
|
|
|
|
|
|
|
|
6%, 1/1/2028
|
|
1,940,000
|
|
|
|
1,966,015
|
|
|
|
Texas--19.4%
|
|
|
|
|
|
|
|
|
|
Alliance Airport Authority Inc.,
|
|
|
|
|
|
|
|
Special Facilities Revenue (American Airlines Inc. Project)
|
|
|
|
|
|
7.50%, 12/1/2029
|
|
1,000,000
|
|
|
|
937,470
|
|
|
|
Arlington Dallas Cowboys Complex Special Obligations,
|
|
|
|
|
|
Tax Exempt Special Tax 5%, 8/15/2034 (Insured; MBIA)
|
|
500,000
|
|
|
|
528,645
|
|
|
|
Dallas Fort Worth International Airport,
|
|
|
|
|
|
|
|
Facility Improvement Corp. Revenue
|
|
|
|
|
|
|
|
(Bombardier Inc.) 6.15%, 1/1/2016
|
|
3,000,000
|
|
|
|
3,029,640
|
|
|
|
Gregg County Health Facilities Development
|
|
|
|
|
|
|
|
Corp., HR (Good Shepherd Medical Center)
|
|
|
|
|
|
|
|
6.375%, 10/1/2025 (Insured; Radian)
|
|
2,500,000
|
|
|
|
2,763,675
|
|
|
|
Harris County Health Facilities Development
|
|
|
|
|
|
|
|
Corp., HR (Memorial Hermann Healthcare)
|
|
|
|
|
|
|
|
6.375%, 6/1/2011
|
|
7,000,000
|
|
a
|
|
7,943,880
|
|
|
|
Harris County-Houston Sports Authority,
|
|
|
|
|
|
|
|
Revenue (Third Lien-A-3)
|
|
|
|
|
|
|
|
Zero Coupon, 11/15/2031 (Insured; MBIA)
|
|
9,685,000
|
|
|
|
2,671,219
|
|
|
|
Katy Independent School District
|
|
|
|
|
|
|
|
(Permanent School Fund Guaranteed)
|
|
|
|
|
|
|
|
6.125%, 2/15/2009
|
|
11,360,000
|
|
a
|
|
12,204,048
|
|
|
|
Lubbock Housing Financing Corp., SMFR
|
|
|
|
|
|
|
|
6.70%, 10/1/2030 (Collateralized: FNMA and GNMA)
|
|
2,005,000
|
|
|
|
2,074,092
|
|
|
|
Sabine River Authority, PCR (TXU Electric):
|
|
|
|
|
|
|
|
5.50%, 11/1/2011
|
|
2,490,000
|
|
|
|
2,658,922
|
|
6.45%, 6/1/2021
|
|
4,900,000
|
|
|
|
5,245,695
|
|
|
|
Springhill Courtland Heights Public
|
|
|
|
|
|
|
|
Facility Corp., MFHR 5.85%, 12/1/2028
|
|
6,030,000
|
|
|
|
5,700,099
|
|
|
|
Texas:
|
|
|
|
|
|
|
|
(Veterans) 6%, 12/1/2030
|
|
3,935,000
|
|
|
|
4,216,982
|
|
(Veterans Housing Assistance Program)
|
|
|
|
|
|
|
|
6.10%, 6/1/2031
|
|
8,510,000
|
|
|
|
9,024,515
|
|
|
|
Texas Department of Housing and Community Affairs:
|
|
|
|
|
|
|
|
Home Mortgage Revenue
|
|
|
|
|
|
|
|
(Collateralized: FHLMC, FNMA and GNMA)
|
|
|
|
|
|
|
|
10.271%, 7/2/2024
|
|
1,700,000
|
|
c
|
|
1,735,309
|
|
Residential Mortgage Revenue
|
|
|
|
|
|
|
|
5.35%, 7/1/2033 (Collateralized: FHLMC, FNMA
|
|
|
|
|
|
|
|
and GNMA)
|
|
5,625,000
|
|
|
|
5,770,744
|
|
|
|
Texas Turnpike Authority,
|
|
|
|
|
|
|
|
Central Texas Turnpike System Revenue
|
|
|
|
|
|
|
|
5.25%, 5/15/2042 (Insured; AMBAC)
|
|
6,775,000
|
|
|
|
7,231,974
|
|
|
|
Tomball Hospital Authority, Revenue:
|
|
|
|
|
|
|
|
(Tomball Regional Hospital) 6%, 7/1/2025
|
|
4,650,000
|
|
|
|
4,842,929
|
|
Tyler Health Facilities Development Corp., HR
|
|
|
|
|
|
|
|
(East Texas Medical Center Regional Healthcare
|
|
|
|
|
|
System Project) 6.75%, 11/1/2025
|
|
5,850,000
|
|
|
|
5,853,510
|
|
|
|
Utah--1.3%
|
|
|
|
|
|
|
|
|
|
Carbon County, SWDR (Sunnyside Cogeneration)
|
|
|
|
|
|
|
|
7.10%, 8/15/2023
|
|
3,918,000
|
|
|
|
4,199,469
|
|
|
|
Utah Housing Corp., SFMR
|
|
|
|
|
|
|
|
5%, 7/1/2037
|
|
1,640,000
|
|
|
|
1,654,498
|
|
|
|
Virginia--6.1%
|
|
|
|
|
|
|
|
|
|
Henrico County Industrial Development Authority,
|
|
|
|
|
|
|
|
Revenue (Bon Secours Health System)
|
|
|
|
|
|
|
|
8.461%, 8/23/2027
|
|
7,500,000
|
|
c
|
|
10,302,825
|
|
|
|
Tobacco Settlement Financing Corp. of Virginia
|
|
|
|
|
|
|
|
Tobacco Settlement Asset-Backed
|
|
|
|
|
|
|
|
5.625%, 6/1/2037
|
|
6,810,000
|
|
|
|
6,992,236
|
|
|
|
Virginia Housing Development Authority,
|
|
|
|
|
|
|
|
Rental Housing 6.20%, 8/1/2024
|
|
8,520,000
|
|
|
|
9,032,904
|
|
|
|
Washington--3.4%
|
|
|
|
|
|
|
|
|
|
Energy Northwest, Revenue
|
|
|
|
|
|
|
|
(Wind Project) 6%, 1/1/2007
|
|
3,670,000
|
|
a
|
|
3,854,528
|
|
|
|
Washington Higher Education Facilities Authority,
|
|
|
|
|
|
|
|
Revenue (Whitman College)
|
|
|
|
|
|
|
|
5.875%, 10/1/2009
|
|
10,000,000
|
|
a
|
|
10,803,500
|
|
|
|
Wisconsin--5.6%
|
|
|
|
|
|
|
|
|
|
Badger Tobacco Asset Securitization Corp.,
|
|
|
|
|
|
|
|
Tobacco Settlement Revenue
|
|
|
|
|
|
|
|
7%, 6/1/2028
|
|
14,570,000
|
|
|
|
16,262,888
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Revenue:
|
|
|
|
|
|
(Aurora Health Care)
|
|
|
|
|
|
|
|
6.40%, 4/15/2033
|
|
5,500,000
|
|
|
|
6,112,260
|
|
(Marshfield Clinic)
|
|
|
|
|
|
|
|
5.375%, 2/15/2034
|
|
2,000,000
|
|
|
|
2,079,580
|
|
|
|
Wyoming--3.6%
|
|
|
|
|
|
|
|
|
|
Sweetwater County, SWDR (FMC Corp. Project):
|
|
|
|
|
|
|
|
5.60%, 12/1/2035
|
|
5,000,000
|
|
|
|
5,168,500
|
|
|
|
Wyoming Student Loan Corp.,
|
|
|
|
|
|
|
|
Student Loan Revenue:
|
|
|
|
|
|
|
|
6.20%, 6/1/2024
|
|
5,000,000
|
|
|
|
5,357,450
|
|
6.25%, 6/1/2029
|
|
5,000,000
|
|
|
|
5,340,650
|
|
U.S. Related--.8%
|
|
|
|
|
|
|
|
Children's Trust Fund of Puerto Rico, Tobacco
|
|
|
|
|
|
Settlement Revenue, Asset Backed Bonds
|
|
|
|
|
|
Zero Coupon, 5/15/2055
|
|
20,000,000
|
|
685,400
|
|
|
|
Puerto Rico Infrastructure Financing Authority,
|
|
|
|
|
|
Special Tax Revenue
|
|
|
|
|
|
Zero Coupon, 7/1/2035 (Insured; AMBAC)
|
|
10,000,000
|
|
2,621,800
|
|
|
|
Total Long-Term Municipal Investments
|
|
|
|
|
|
(cost $578,405,090)
|
|
|
|
607,666,996
|
|
|
|
Short-Term Municipal Investments--.6%
|
|
|
|
|
|
|
|
|
|
|
|
|
Louisiana;
|
|
|
|
|
|
|
|
|
|
New Orleans, Sewage Service Revenue, BAN
|
|
|
|
|
|
2.98%, 7/26/2006
|
|
|
|
|
|
(cost $2,471,250)
|
|
2,500,000
|
|
2,474,900
|
|
|
|
Total Investments (cost $580,876,340)
|
|
140.4%
|
|
610,141,896
|
|
|
|
Cash and Receivables (Net)
|
|
2.4%
|
|
10,382,469
|
|
|
|
Preferred Stock, at redemption value
|
|
(42.8%)
|
|
(186,000,000)
|
|
|
|
Net Assets
|
|
|
|
100.0%
|
|
434,524,365
|
|
|
|
Summary of Abbreviations
|
|
|
|
|
|
|
|
ACA
|
|
American Capital Access
|
|
|
|
|
|
AGC
|
|
ACE Guaranty Corporation
|
|
|
|
|
|
AGIC
|
|
Asset Guaranty Insurance Company
|
|
|
|
|
|
AMBAC
|
|
American Municipal Bond Assurance Corporation
|
|
|
|
ARRN
|
|
Adjustable Rate Receipt Notes
|
|
|
|
|
|
BAN
|
|
Bond Anticipation Notes
|
|
|
|
|
|
BIGI
|
|
Bond Investors Guaranty Insurance
|
|
|
|
|
|
BPA
|
|
Bond Purchase Agreement
|
|
|
|
|
|
CGIC
|
|
Capital Guaranty Insurance Company
|
|
|
|
|
|
CIC
|
|
Continental Insurance Company
|
|
|
|
|
|
CIFG
|
|
CDC Ixis Financial Guaranty
|
|
|
|
|
|
CMAC
|
|
Capital Market Assurance Corporation
|
|
|
|
|
|
COP
|
|
Certificate of Participation
|
|
|
|
|
|
CP
|
|
Commercial Paper
|
|
|
|
|
|
EDR
|
|
Economic Development Revenue
|
|
|
|
|
|
EIR
|
|
Environmental Improvement Revenue
|
|
|
|
|
|
FGIC
|
|
Financial Guaranty Insurance Company
|
|
|
|
|
|
FHA
|
|
Federal Housing Administration
|
|
|
|
|
|
FHLB
|
|
Federal Home Loan Bank
|
|
|
|
|
|
FHLMC
|
|
Federal Home Loan Mortgage Corporation
|
|
|
|
FNMA
|
|
Federal National Mortgage Association
|
|
|
|
|
|
FSA
|
|
Financial Security Assurance
|
|
|
|
|
|
GAN
|
|
Grant Anticipation Notes
|
|
|
|
|
|
GIC
|
|
Guaranteed Investment Contract
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GNMA
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Government National Mortgage Association
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GO
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General Obligation
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HR
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Hospital Revenue
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IDB
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Industrial Development Board
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IDC
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Industrial Development Corporation
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IDR
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Industrial Development Revenue
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LOC
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Letter of Credit
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LOR
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Limited Obligation Revenue
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LR
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Lease Revenue
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MBIA
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Municipal Bond Investors Assurance Insurance Corporation
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MFHR
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Multi-Family Housing Revenue
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MFMR
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Multi-Family Mortgage Revenue
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PCR
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Pollution Control Revenue
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RAC
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Revenue Anticipation Certificates
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RAN
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Revenue Anticipation Notes
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RAW
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Revenue Anticipation Warrants
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RRR
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Resources Recovery Revenue
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SAAN
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State Aid Anticipation Notes
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SBPA
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Standby Bond Purchase Agreement
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SFHR
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Single Family Housing Revenue
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SFMR
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Single Family Mortgage Revenue
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SONYMA
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State of New York Mortgage Agency
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SWDR
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Solid Waste Disposal Revenue
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TAN
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Tax Anticipation Notes
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TAW
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Tax Anticipation Warrants
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TRAN
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Tax and Revenue Anticipation Notes
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XLCA
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XL Capital Assurance
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Notes To Financial Statements:
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a
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These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are
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collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal
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issue and to retire the bonds in full at the earliest refunding date.
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b
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Non-income producing security, interest payments in default.
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c
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Inverse floater security--the interest rate is subject to change periodically.
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d
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Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in
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transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2006 these securities amounted
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to $12,634,000 or 2.9% of net assets applicable to common shareholders.
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Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the annual and semi annual reports previously filed with the Securities and Exchange Comission on Form
N-CSR.
Item 2. Controls and Procedures.
(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of
this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time
periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial
officers, as appropriate to allow timely decisions regarding required disclosure.
(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to
materially affect, the Registrant's internal control over financial reporting.
Item 3. Exhibits.
(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Dreyfus Strategic Municipal Bond Fund, Inc
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By:
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/s/ Stephen E. Canter
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Stephen E. Canter
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President
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Date:
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April 21, 2006
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Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on
the dates indicated.
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By:
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/s/ Stephen E. Canter
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Stephen E. Canter
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Chief Executive Officer
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Date:
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April 21, 2006
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By:
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/s/ James Windels
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James Windels
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Chief Financial Officer
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Date:
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April 21, 2006
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EXHIBIT INDEX
(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)