Fund Description

Incepted in November 1986, this fund is managed by Dreyfus Corporation. The objective of this fund is to seek maximum current income exempt from federal income tax to the extent consistent with the preservation of capital. The fund invests at least 70% of its assets in investment grade municipal bonds or the unrated equivalent as determined by Dreyfus. For additional yield, it may invest up to 30% of its assets in municipal bonds rated below investment grade by Dreyfus. The fund offers dividends every month and capital gains annually.