DREYFUS CALIFORNIA MUNICIPAL INCOME, INC.
DREYFUS MUNICIPAL INCOME, INC.
DREYFUS NEW YORK MUNICIPAL INCOME, INC.
------------------------------
NOTICE OF ANNUAL MEETINGS OF STOCKHOLDERS
------------------------------
To the Stockholders:
The Annual Meetings of Stockholders of each of Dreyfus California
Municipal Income, Inc., Dreyfus Municipal Income, Inc. and Dreyfus New York
Municipal Income, Inc. (each, a "Fund" and, collectively, the "Funds") will
be held at the offices of The Dreyfus Corporation, 200 Park Avenue, 7th Floor
West, New York, New York, on Friday, August 18, 1995 at 10:00 a.m., for the
following purposes:
1. To elect three Class II Directors to serve for three year terms,
and one Class III Director to serve for a one year term and, in each case, to
hold office until their successors are duly elected and qualified.
2. To ratify the selection of the Fund's independent auditors.
3. To transact such other business as may properly come before the
meeting, or any adjournment or adjournments thereof.
Stockholders of record at the close of business on June 16, 1995
will be entitled to receive notice of and to vote at the meeting.
By Order of the Board
John E. Pelletier
Secretary
New York, New York
June 26, 1995
- ----------------------------------------------------------------------------
WE NEED YOUR PROXY VOTE IMMEDIATELY
A STOCKHOLDER MAY THINK HIS VOTE IS NOT IMPORTANT, BUT IT IS VITAL.
BY LAW, THE ANNUAL MEETING OF STOCKHOLDERS OF EACH FUND WILL HAVE TO BE
ADJOURNED WITHOUT CONDUCTING ANY BUSINESS IF LESS THAN A QUORUM IS
REPRESENTED. IN THAT EVENT, THE AFFECTED FUND WOULD CONTINUE TO SOLICIT
VOTES IN AN ATTEMPT TO ACHIEVE A QUORUM. CLEARLY, YOUR VOTE COULD BE
CRITICAL TO ENABLE THE FUND(S) TO HOLD THE MEETING(S) AS SCHEDULED, SO
PLEASE RETURN YOUR PROXY CARD IMMEDIATELY. YOU AND ALL OTHER STOCKHOLDERS
WILL BENEFIT FROM YOUR COOPERATION.
- -----------------------------------------------------------------------------
DREYFUS CALIFORNIA MUNICIPAL INCOME, INC.
DREYFUS MUNICIPAL INCOME, INC.
DREYFUS NEW YORK MUNICIPAL INCOME, INC.
COMBINED PROXY STATEMENT
------------------------------
ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON FRIDAY, AUGUST 18, 1995
This proxy statement is furnished in connection with a
solicitation of proxies by the Board of each of Dreyfus California Municipal
Income, Inc. ("DCMI"), Dreyfus Municipal Income, Inc. ("DMI") and Dreyfus New
York Municipal Income, Inc. ("DNYMI") (where appropriate, each, a "Fund" and,
collectively, the "Funds") to be used at the Annual Meeting of Stockholders
of each Fund to be held on Friday, August 18, 1995 at 10:00 a.m., at the
offices of The Dreyfus Corporation, 200 Park Avenue, 7th Floor West, New
York, New York, for the purposes set forth in the accompanying Notice of
Annual Meetings of Stockholders. Stockholders of record at the close of
business on June 16, 1995 are entitled to be present and to vote at the
meeting. Each Fund share is entitled to one vote. Stockholders can vote only
on matters affecting the Fund(s) of which they are stockholders. Shares
represented by executed and unrevoked proxies will be voted in accordance
with the specifications made thereon. If any enclosed form of proxy is
executed and returned, it nevertheless may be revoked by another proxy or by
letter or telegram directed to the relevant Fund, which must indicate the
stockholder's name. To be effective, such revocation must be received prior
to the relevant Fund's meeting. In addition, any stockholder who attends a
meeting in person may vote by ballot at the relevant Fund meeting, thereby
cancelling any proxy previously given. As of June 8, 1995, the Funds had
outstanding the following number of shares: Dreyfus California Municipal
Income, Inc. - 3,250,879; Dreyfus Municipal Income, Inc. - 12,307,512; and
Dreyfus New York Municipal Income, Inc. - 2,600,753.
It is estimated that proxy materials will be mailed to stockholders
of record on or about June 30, 1995. The principal executive offices of each
Fund are located at 200 Park Avenue, New York, New York 10166. COPIES OF EACH
FUND'S MOST RECENT ANNUAL AND SEMI-ANNUAL REPORTS ARE AVAILABLE UPON REQUEST,
WITHOUT CHARGE, BY WRITING TO THE FUND AT 144 GLENN CURTISS BOULEVARD,
UNIONDALE, NEW YORK 11556-0144, OR BY CALLING TOLL FREE 1-800-334-6899.
Stockholders of each Fund will vote as a single class and will vote
separately on each proposal on which stockholders of that Fund are entitled
to vote. If a proposal is approved by stockholders of one Fund and
disapproved by stockholders of any other Fund, the proposal will be
implemented only for the Fund that approved the proposal. Therefore, it is
essential that stockholders who own shares in more than one Fund complete,
date, sign and return EACH proxy card they receive.
PROPOSAL 1. ELECTION OF DIRECTORS
Each Fund's Board of Directors is divided into three classes with
the terms of office of one class expiring each year. It is proposed that
stockholders of each Fund consider the election of three Class II Directors
to serve for three year terms (until the Annual Meeting of Stockholders to be
held in 1998) and one Class III Director to serve for a one year term (until
the Annual Meeting of Stockholders to be held in 1996) and, in each case,
until their respective successors are duly elected and qualified. The
individual nominees (the "Nominees") and the class for which each is proposed
for election are listed below. Each Nominee has consented to being named in
this proxy statement and has agreed to serve as a Board member of each Fund
if elected. Biographical information about each Nominee is set forth below.
Biographical information about each Fund's continuing Directors and other
relevant information is set forth on Exhibit A. Unless otherwise indicated,
information set forth herein applies to all Funds.
Page 1
<TABLE>
<CAPTION>
YEAR
NAME OF NOMINEE, PRINCIPAL OCCUPATION DIRECTOR TERM
AND BUSINESS EXPERIENCE FOR PAST FIVE YEARS AGE SINCE EXPIRES
- ------------------------------------------- ----- -------- ----------
<S> <C> <C> <C>
CLASS II:
WHITNEY I. GERARD 60 1988 1998
Partner of the New York City law firm of Chadbourne & Parke.
ROBERT R. GLAUBER 56 (1988) 1998
Research Fellow, Center for Business and Government at 1992*
the John F. Kennedy School of Government, Harvard University,
since January 1992. Mr. Glauber was Under Secretary of the
Treasury for Finance at the U.S. Treasury Department from May
1989 to January 1992. For more than five years prior thereto,
he was a Professor of Finance at the Graduate School of Business
Administration of Harvard University and, from 1985 to 1989,
Chairman of its Advanced Management Program. He is a director
of MidOcean Reinsurance Co. Ltd. and Cooke & Bieler, Inc.,
investment counselors.
ARTHUR A. HARTMAN 69 1989 1998
Senior consultant with APCO Associates Inc. From 1981 to
1987, he was United States Ambassador to the former Soviet Union.
He is also a director of the ITT Hartford Insurance Group, Lauter
International and Ford Meter Box Corp. and a member of advisory
councils of several other companies, research institutes and
foundations. He is President of the Harvard Board of Overseers.
CLASS III:
** JOSEPH S. DIMARTINO 51 1995 1996
</TABLE>
Since January 1995, Chairman of the Board of various funds in
the Dreyfus Family of Funds. For more than five years prior
thereto, he was President, a director and, until August 1994,
Chief Operating Officer of The Dreyfus Corporation ("Dreyfus"),
the Funds' investment adviser, and Executive Vice President and
a director of Dreyfus Service Corporation, a wholly-owned
subsidiary of Dreyfus. From August 1994 to December 31, 1994, he
- ------------------------------
* Mr. Glauber was elected to the Board of each Fund on September 15,
1988 and resigned on October 1, 1988 to accept a government position.
He was re-elected to the Board of each Fund on January 30, 1992.
** "Interested person" as defined in the Investment Company Act of
1940, as amended (the "Act").
Page 2
<TABLE>
<CAPTION>
YEAR
NAME OF NOMINEE, PRINCIPAL OCCUPATION DIRECTOR TERM
AND BUSINESS EXPERIENCE FOR PAST FIVE YEARS AGE SINCE EXPIRES
- -------------------------------------------- ----- -------- ---------
<S> <C> <C> <C>
was a director of Mellon Bank Corporation. Mr. DiMartino
is a director and former Treasurer of the Musclular Dystrophy
Association; a trustee of Bucknell University; Chairman of the
Board of Directors of Noel Group, Inc., a venture capital
company; a director of HealthPlan Services Corporation; Belding
Heminway Company, Inc., a manufacturer and marketer of industrial
threads, specialty yarns, home furnishings and fabrics; Curtis
Industries, Inc., a national distributor of security products,
chemicals and automotive and other hardware; Simmons Outdoor
Corporation; and Staffing Resources, Inc.
</TABLE>
- ----------------------
In connection with the merger of Dreyfus and a subsidiary of Mellon
Bank, N.A. on August 24, 1994, 33,698 shares of Dreyfus common stock held by
Mr. DiMartino under The Dreyfus Corporation Retirement Profit-Sharing Plan
(the "Plan") were converted into 29,660 shares of common stock of Mellon Bank
Corporation ("Mellon"), Mellon Bank, N.A.'s parent, having a market value of
$58.375 per share on such date. In addition, two outstanding options
separately granted in 1982 and 1989 to Mr. DiMartino to purchase an aggregate
of 200,000 shares of Dreyfus common stock were converted into two options to
purchase an aggregate of 176,034 shares of Mellon common stock. In November
1994, Mellon's common stock split in a 3 for 2 proportion, and all shares of
Mellon common stock held under the Plan, and all outstanding options, were
adjusted accordingly. In February 1995, Mr. DiMartino exercised his two
outstanding options. At that time, Mr. DiMartino sold a total of 309,264
shares of Mellon common stock in the secondary market at an average price of
$38.650 per share.
The persons named in the accompanying form of proxy intend to vote
each such proxy for the election of the Nominees, unless stockholders
specifically indicate on their proxies the desire to withhold authority to
vote for elections to office. It is not contemplated that any Nominee will be
unable to serve as a Board member for any reason, but if that should occur
prior to the meeting, the proxy holders reserve the right to substitute
another person or persons of their choice as nominee or nominees.
Each Fund has an audit committee comprised of its Directors who
are not "interested persons" (as defined in the Act) of the Fund, the
function of which is to routinely review financial statements and other
audit-related matters as they arise throughout the year. None of the Funds
has a standing nominating or compensation committee or any committee
performing similar functions.
As of May 31, 1995, Directors and officers as a group (17 persons)
beneficially owned less than 1% of the shares of each Fund's Common Stock.
Certain information concerning each Fund's officers is set forth in Exhibit A.
Each Fund held six Board of Directors meetings during the fiscal
year ended September 30, 1994. All of the Directors attended at least 75% of
the meetings of the Board and/or the audit committee of each Fund during the
period such person was a Director.
Each Fund typically pays Board members an annual retainer of $2,500
and a $250 per meeting fee and reimburses them for their expenses. The
Chairman of the Board, which position is held by Mr. DiMartino, receives an
additional 25% in annual retainer and per meeting attendance fees. The Funds
do not pay any other remuneration to their officers and Board members and
none of the Funds has a bonus, pension, profit-sharing or retirement plan.
Except as otherwise noted, the aggregate amount of compensation paid
to each Nominee by each Fund for the fiscal year ended September 30, 1994,
and by all other funds (the number of which is set forth in parenthesis next
to each
Page 3
Nominee's total compenstation) in the Dreyfus Family of Funds for
which such Nominee is a Board member for the year ended December 31, 1994
was as follows:
<TABLE>
<CAPTION>
(5)
(3) TOTAL
PENSION OR (4) COMPENSATION
(2) RETIREMENT ESTIMATED FROM FUND AND
(1) AGGREGATE BENEFITS ACCRUED ANNUAL BENEFITS FUND COMPLEX
NAME OF NOMINEE COMPENSATION AS PART OF EACH FROM EACH FUND PAID TO
AND FUND FROM EACH FUND* FUND'S EXPENSES UPON RETIREMENT BOARD MEMBER
- ---------------------- ---------------- ---------------- ---------------- ------------------
<S> <C> <C> <C>
JOSEPH S. DIMARTINO $445,000*** (93)
DCMI $4,375** None None
DMI $4,375** None None
DNYMI $4,375** None None
WHITNEY I. GERARD $ 52,000 (9)
DCMI $3,500 None None
DMI $3,750 None None
DNYMI $3,500 None None
ROBERT R. GLAUBER $ 79,696 (17)
DCMI $3,250 None None
DMI $3,500 None None
DNYMI $3,250 None None
ARTHUR A. HARTMAN $ 52,000 (9)
DCMI $3,500 None None
DMI $3,750 None None
DNYMI $3,500 None None
- ----------------------
* Amount does not include reimbursed expenses for attending Board
meetings, which amounted to $1,166 for each Fund for all Directors as a
group.
** Estimated amount from February 2, 1995, when Mr. DiMartino
became a director, until the fiscal year ending September 30, 1995.
*** Estimated amounts for current calendar year for each Fund in the
Dreyfus Family of Funds for which Mr. DiMartino is a Board member. Mr.
DiMartino and his family also are entitled to certain health insurance
benefits, with a portion of the annual premium (estimated to be approximately
$16,500 for calendar year 1995), to be allocated among the funds in the
Dreyfus Family of Funds for which Mr. DiMartino serves as Chairman.
</TABLE>
PROPOSAL 2. RATIFICATION OF THE SELECTION OF INDEPENDENT AUDITORS
The Act requires that each Fund's independent auditors be selected
by a majority of those Directors who are not "interested persons" (as defined
in the Act) of the Fund; that such selection be submitted for ratification or
rejection at the Annual Meeting of Stockholders; and that the employment of
such independent auditors be conditioned upon the right of the Fund, by vote
of a majority of its outstanding securities at any meeting called for that
purpose, to terminate such employment forthwith without penalty. Each Fund's
Board of Directors, including a majority of those Directors who are not
"interested persons," approved the selection of Ernst & Young LLP for the
current fiscal year ending September 30, 1995 at a Board meeting held on
February 2, 1995. Accordingly, the selection by each Fund's Board of
Directors of Ernst & Young LLP as independent auditors of the Fund for the
fiscal year ending September 30, 1995, is submitted to stockholders for
ratification or rejection. Apart from its fees received as independent
auditors, neither Ernst & Young LLP nor any of its partners has a direct, or
material indirect, financial interest in the Fund or Dreyfus.
Page 4
Ernst & Young LLP, a major international accounting firm, have acted
as auditors of each Fund since its organization. Each Fund's Board believes
that the continued employment of the services of Ernst & Young LLP for the
current fiscal year would be in the best interests of the Fund.
A representative of Ernst & Young LLP is expected to be present at
the meeting, will have the opportunity to make a statement and will be
available to respond to appropriate questions.
EACH FUND'S BOARD OF DIRECTORS, INCLUDING THE "NON-INTERESTED" DIRECTORS,
RECOMMENDS THAT STOCKHOLDERS VOTE "FOR" RATIFICATION OF THE SELECTION OF THE
AUDITORS AS INDEPENDENT AUDITORS OF THE FUND.
ADDITIONAL INFORMATION
Dreyfus, located at 200 Park Avenue, New York, New York 10166,
serves as each Fund's investment adviser.
Prior to commencing operations, each Fund issued 10,000 shares of
Common Stock (the "Initial Shares") to Dreyfus, as sponsor, for a $100,000
initial investment pursuant to Section 14(a) of the Act. The Initial Shares
issued to Dreyfus by each Fund were enrolled in such Fund's dividend
reinvestment plan ("DRIP"). A Form 5 for each of the three fiscal years ended
1991, 1992 and 1993 was filed by Dreyfus with respect to each Fund on
November 14, 1994 pursuant to Section 16(a) of the Securities Exchange Act of
1934, as amended ("Exchange Act"). During those years, Dreyfus was issued
shares pursuant to each Fund's DRIP in the following number of transactions:
fiscal year 1991, DCMI-12, DMI-12, DNYMI-12; fiscal year 1992, DCMI-12,
DMI-13, DNYMI-13; and fiscal year 1993, DCMI-12, DMI-13, DNYMI-13.
On August 24, 1994, Dreyfus merged with a subsidiary of Mellon Bank,
N.A. In connection with the merger, Dreyfus first transferred its Initial
Shares for each Fund, together with its DRIP-acquired shares for each Fund to
its wholly-owned subsidiary, Major Trading Corporation ("MTC"), and the
outstanding shares of MTC subsequently were transferred to MBC Investment
Corp., a wholly-owned subsidiary of Mellon. An amended Form 5 reflecting
this transfer was filed with respect to each Fund pursuant to Section 16(a)
of the Exchange Act on February 8, 1995. In anticipation of, and/or as a
result of, the merger, certain individuals were elected as directors and/or
officers of Dreyfus. None of these individuals had any ownership of, or
engaged in any transaction with respect to, any Fund's shares at the time each
assumed such positions and filed a Form 3 pursuant to Section 16(a) of the
Securities Exchange Act of 1934. A Form 3 for each of the following
individuals was filed on September 28, 1994: Frank V. Cahouet, Barbara E.
Casey, Diane M. Coffey, Henry D. Gottmann, Lawrence S. Kash, W. Keith Smith
and Paul H. Synder.
OTHER MATTERS
If a proxy is properly executed and returned accompanied by
instructions to withhold authority to vote, represents a broker "non-vote"
(that is, a proxy from a broker or nominee indicating that such person has
not received instructions from the beneficial owner or other person entitled
to vote shares of the Fund on a particular matter with respect to which the
broker or nominee does not have discretionary power) or marked with an
abstention (collectively, "abstentions"), the Fund's shares represented
thereby will be considered to be present at the meeting for purposes of
determining the existence of a quorum for the transaction of business. Under
Maryland law, abstentions do not constitute a vote "for" or "against" a matter
and will be disregarded in determining "votes cast" on an issue.
Each Fund's Board is not aware of any other matter which may come
before the meeting. However, should any such matters with respect to one or
more Funds properly come before the meeting, it is the intention of the
persons named in the accompanying form of proxy to vote the proxy in
accordance with their judgment on such matters.
Page 5
Each Fund will bear the cost of soliciting proxies. In addition to
the use of the mails, proxies may be solicited personally, by telephone or by
telegraph, and each Fund may pay persons holding shares of a Fund in their
names or those of their nominees for their expenses in sending soliciting
materials to their principals.
Proposals stockholders wish to include in any Fund's proxy statement
for such Fund's next Annual Meeting of Stockholders must be sent to and
received by such Fund no later than December 15, 1995 at the principal
executive offices of the Fund at 200 Park Avenue, New York, New York 10166,
Attention: General Counsel.
NOTICE TO BANKS, BROKER/DEALERS AND
VOTING TRUSTEES AND THEIR NOMINEES
Please advise the appropriate Fund, in care of Mellon Bank, N.A.,
c/o Corporate Investor Communications, 111 Commerce Road, Carlstadt, N.J.
07072, whether other persons are the beneficial owners of the shares for
which proxies are being solicited, and if so, the number of copies of the
proxy statement and other soliciting material you wish to receive in order to
supply copies to the beneficial owners of shares.
IT IS IMPORTANT THAT PROXIES BE RETURNED PROMPTLY. THEREFORE, STOCKHOLDERS
WHO DO NOT EXPECT TO ATTEND THE MEETING IN PERSON ARE URGED TO COMPLETE,
SIGN, DATE AND RETURN EACH ENCLOSED PROXY CARD IN THE ENCLOSED STAMPED
ENVELOPE.
Dated: June 26, 1995
Page 6
EXHIBIT A
PART I
Part I sets forth information relevant to the continuing Directors.
Unless otherwise indicated the information set forth herein applies to all
Funds.
<TABLE>
<CAPTION>
NAME OF CONTINUING DIRECTOR, PRINCIPAL YEAR
OCCUPATION AND BUSINESS EXPERIENCE FOR DIRECTOR TERM
PAST FIVE YEARS AGE SINCE EXPIRES
- -------------------------------------- ----- --------- ---------
<S> <C> <C> <C>
CLASS I:
LUCY WILSON BENSON 70 1988 1997
President of Benson and Associates, consultants to
business and government. She is a director of Communications
Satellite Corporation, General RE Corporation and Logistics
Management Institute. Mrs. Benson is a Trustee of the Alfred
P. Sloan Foundation, Vice Chairman of the Board of Trustees
of Lafayette College, Vice Chairman of the Citizens Network
for Foreign Affairs and a member of the Council on Foreign
Relations. She served as a consultant to the U.S. Department
of State and to SRI International from 1980 to 1981. From 1977
to 1980, Ms. Benson was Under Secretary of State for Security
Assistance, Science and Technology.
*DAVID W. BURKE 59 1994 1997
Since August 1994, Consultant to Dreyfus. From October 1990
to August 1994, Vice President and Chief Administrative
Officer of Dreyfus. From 1977 to 1990, Mr. Burke was involved
in the management of national television news, as Vice President
and Executive Vice President of ABC News, and subsequently as
President of CBS News.
MARTIN D. FIFE 68 1988 1997
President of Fife Associates, Inc. and other related
companies that are engaged in the chemical and plastics
industries.
</TABLE>
- ----------------------
* "Interested person" as defined in the Act.
page 7
<TABLE>
<CAPTION>
NAME OF CONTINUING DIRECTOR, PRINCIPAL YEAR
OCCUPATION AND BUSINESS EXPERIENCE FOR DIRECTOR TERM
PAST FIVE YEARS AGE SINCE EXPIRES
- --------------------------------------- ---- --------- ----------
<S> <C> <C> <C>
CLASS III:
GEORGE L. PERRY 61 1989 1996
An economist and Senior Fellow at the Brookings
Institution since 1969. He is co-director of the Brookings
Panel on Economic Activity and editor of its journal, The
Brookings Papers. He is also a director of the State Farm
Mutual Automobile Association and State Farm Life Insurance
Company and a trustee of Federal Realty Investment Trust.
PAUL WOLFOWITZ 51 1994 1996
Dean of The Paul H. Nitze School of Advanced International
Studies at Johns Hopkins University. From 1989 to 1993, Under
Secretary of Defense for Policy. From 1986 to 1989, he was the
U.S. Ambassador to the Republic of Indonesia. Before assuming
that post, he was Assistant Secretary of State for East Asian
and Pacific Affairs, Department of State, from 1982 to 1986. In
1993, he was the George F. Keenan Professor of National Security
Strategy at the National War College.
</TABLE>
Page 8
COMPENSATION TABLE. The aggregate amount of compensation paid to
each continuing director by each fund for the fiscal year ended September
30, 1994, and by all other funds (the number of which is set forth in
parenthesis next to each Director's total compensation) in the Dreyfus Family
of Funds for which such continuing director is a Board member for the year
ended December 31, 1994, was as follows:
<TABLE>
<CAPTION>
(5)
(3) TOTAL
PENSION OR (4) COMPENSATION
(2) RETIREMENT ESTIMATED FROM FUND AND
(1) AGGREGATE BENEFITS ACCRUED ANNUAL BENEFITS FUND COMPLEX
NAME OF BOARD COMPENSATION AS PART OF EACH FROM EACH FUND PAID TO
MEMBER AND FUND FROM EACH FUND* FUND'S EXPENSES UPON RETIREMENT BOARD MEMBER
- ---------------------------- --------------- ---------------- ---------------- --------------
<S> <C> <C> <C> <C>
LUCY WILSON BENSON $64,459 (11)
DCMI $3,500 None None
DMI $3,750 None None
DNYMI $3,500 None None
DAVID W. BURKE $27,898 (55)
DCMI $2,192 None None
DMI $2,442 None None
DNYMI $2,192 None None
MARTIN D. FIFE $51,750 (9)
DCMI $3,500 None None
DMI $3,500 None None
DNYMI $3,500 None None
GEORGE L. PERRY $52,050 (9)
DCMI $3,500 None None
DMI $3,750 None None
DNYMI $3,500 None None
PAUL WOLFOWITZ $32,631 (8)
DCMI $2,192 None None
DMI $2,442 None None
DNYMI $2,192 None None
- ------------------------------
* Amount does not include reimbursed expenses for attending Board
meetings, which amounted to $1,166 for each Fund for all Directors as a
group.
</TABLE>
Page 9
PART II
Part II sets forth information relevant to the executive officers of
each Fund.
<TABLE>
<CAPTION>
NAME AND POSITION PRINCIPAL OCCUPATION AND BUSINESS
WITH FUNDS AGE EXPERIENCE FOR PAST FIVE YEARS
- ------------ ----- ---------------------------------
<S> <C> <C>
MARIE E. CONNOLLY 37 President and Chief Operating Officer of
President and Treasurer Premier Mutual Fund Services, Inc. ("Premier") and
an officer of other investment companies advised or
administered by Dreyfus. From December 1991 to
July 1994, she was President and Chief Compliance
Officer of Funds Distributor, Inc., a wholly-owned
subsidiary of The Boston Company, Inc. Prior to
December 1991, she served as Vice President and
Controller, and later as Senior Vice President of
The Boston Company Advisors, Inc.
JOHN E. PELLETIER 31 Senior Vice President and General Counsel of
Vice President and Secretary Premier and an officer of their investment
companies advised or administered by Dreyfus. From
February 1992 to July 1994, he served as Counsel
for The Boston Company Advisors, Inc. From August
1990 to February 1992, he was employed as an
Associate at Ropes & Gray, and prior to August 1990,
he was employed as an Associate at Sidley & Austin.
FREDERICK C. DEY 33 Senior Vice President of Premier and an
Vice President and Assistant Treasurer officer of other investment companies advised or
administered by Dreyfus. From 1988 to August 1994,
he was Manager of the High Performance Fabric
Division of Springs Industries Inc.
ERIC B. FISCHMAN 30 Associate General Counsel of Premier and an
Vice President and Assistant Secretary officer of other investment companies advised or
administered by Dreyfus. From September 1992 to
August 1994, he was an attorney with the Board of
Governors of the Federal Reserve System.
Page 10
NAME AND POSITION PRINCIPAL OCCUPATION AND BUSINESS
WITH FUNDS AGE EXPERIENCE FOR PAST FIVE YEARS
- ------------------ ----- -----------------------------------
JOSEPH S. TOWER, III 33 Senior Vice President, Treasurer and Chief
Assistant Treasurer Financial Officer of Premier and an officer of
other investment companies advised or administered
by Dreyfus. From July 1988 to August 1994 he was
employed by The Boston Company, Inc. where he held
various management positions in the Corporate
Finance and Treasury areas.
JOHN J. PYBURN 59 Assistant Treasurer of Premier and an officer
Assistant Treasurer of investment companies advised or administered by
Dreyfus. From 1984 to July 1994, he was Assistant
Vice President in the Mutual Fund Accounting
Department of Dreyfus.
PAUL FURCINITO 28 Assistant Vice President of Premier and an
Assistant Secretary officer of other investment companies advised or
administered by Dreyfus. From January 1992 to July
1994, he was a Senior Legal Product Manager and,
from January 1990 to January 1992, a mutual fund
accountant for The Boston Company Advisors, Inc.
RUTH D. LEIBERT 50 Assistant Vice President of Premier and an
Assistant Secretary officer of other investment companies advised or
administered by Dreyfus. From March 1992 to July
1994, she was a Compliance Officer for The Managers
Funds, a registered investment company. From March
1990 until September 1991, she was Development
Director of The Rockland Center for the Arts.
</TABLE>
Page 11
IMPORTANT
Please Act Promptly
Sign, Date and Mail your Proxy Card(s) today.
No matter how many shares you own, your vote is important. Voting can also
help your Fund save money. To hold the meeting, a quorum must be
represented. Voting today can save your Fund the expense of another
solicitation for proxies required to achieve a quorum.
For Dreyfus Shareholders with Multiple Accounts:
For your convenience, and to reduce the Fund's mailing expenses, we have
enclosed one proxy card for each of the Dreyfus accounts in your household
that have the same taxpayer identification (i.e., social security)
number, the same zip code and the same type of account. The proxy cards for
accounts with different taxpayer identification numbers have been sent under
separate cover.
These are not duplicates; you should sign and return each proxy card in
order for your votes to be counted.
DREYFUS CALIFORNIA MUNICIPAL INCOME, INC.
The undersigned stockholder of Dreyfus California Municipal Income,
Inc. (the "Fund") hereby appoints Robert R. Mullery and Steven F. Newman
and each of them, the attorneys and proxies of the undersigned, with full
power of substitution, to vote, as indicated herein, all of the shares of
the Fund standing in the name of the undersigned at the close of business
on June 16, 1995 at the Annual Meeting of Stockholders to be held at the
offices of The Dreyfus Corporation, 200 Park Avenue, 7th Floor West, New
York, New York, commencing at 10:00 a.m. on Friday, August 18, 1995, and
at any and all adjournments thereof, with all of the powers the
undersigned would possess if then and there personally present and
especially (but without limiting the general authorization and power
hereby given) to vote as indicated on the proposals, as more fully
described in the Proxy Statement for the meeting.
THIS PROXY IS SOLICITED BY THE FUND'S BOARD OF DIRECTORS AND WILL BE VOTED
FOR THE PROPOSALS BELOW UNLESS OTHERWISE INDICATED.
1. Election of Directors.
/ / FOR All / / WITHHOLD
Nominees authority for
ALL Nominees
Nominees are: Class II - Whitney I. Gerard, Robert R. Glauber,
Arthur A. Hartman
Class III - Joseph S. DiMartino
/ / WITHHOLD authority only
for those Nominee(s)
whose name(s) I have
struck a line through above
______________________________________________________________________________
2. To ratify the selection of the Fund's independent auditors.
/ / FOR / / AGAINST / / ABSTAIN
3. In their discretion, the proxies are authorized to vote upon
such other business as may properly come before the meeting, or any
adjournment(s) thereof.
Signature(s) should be exactly as name or names appearing on this proxy. If
shares are held jointly, each holder should sign. If signing is by attorney,
executor, administrator, trustee or guardian, please give full title.
Dated:_____________________, 1995
___________________________________
Signature(s)
___________________________________
Signature(s)
Sign, Date and return the Proxy
Card Promptly using the
Enclosed Envelope
"PLEASE MARK INSIDE BLUE BOXES SO THAT DATA PROCESSING EQUIPMENT WILL RECORD
YOUR VOTES."
DREYFUS MUNICIPAL INCOME, INC.
The undersigned stockholder of Dreyfus Municipal Income, Inc. (the
"Fund") hereby appoints Robert R. Mullery and Steven F. Newman and each of
them, the attorneys and proxies of the undersigned, with full power of
substitution, to vote, as indicated herein, all of the shares of the Fund
standing in the name of the undersigned at the close of business on June
16, 1995 at the Annual Meeting of Stockholders to be held at the offices
of The Dreyfus Corporation, 200 Park Avenue, 7th Floor West, New York, New
York, commencing at 10:00 a.m. on Friday, August 18, 1995, and at any and
all adjournments thereof, with all of the powers the undersigned would
possess if then and there personally present and especially (but without
limiting the general authorization and power hereby given) to vote as
indicated on the proposals, as more fully described in the Proxy Statement
for the meeting.
THIS PROXY IS SOLICITED BY THE FUND'S BOARD OF DIRECTORS AND WILL BE VOTED
FOR THE ABOVE PROPOSALS UNLESS OTHERWISE INDICATED.
1. Election of Directors.
/ / FOR All / / WITHHOLD
Nominees authority for
ALL Nominees
Nominees are: Class II - Whitney I. Gerard, Robert R. Glauber,
Arthur A. Hartman
Class III - Joseph S. DiMartino
/ / WITHHOLD authority only
for those Nominee(s)
whose name(s) I have
struck a line through above
__________________________________________________________________________
2. To ratify the selection of the Fund's independent auditors.
/ / FOR / / AGAINST / / ABSTAIN
3. In their discretion, the proxies are authorized to vote upon
such other business as may properly come before the meeting, or any
adjournment(s) thereof.
Signature(s) should be exactly as name or names appearing on this proxy. If
shares are held jointly, each holder should sign. If signing is by attorney,
executor, administrator, trustee or guardian, please give full title.
Dated:_____________________, 1995
___________________________________
Signature(s)
___________________________________
Signature(s)
Sign, Date and return the Proxy
Card Promptly using the
Enclosed Envelope
"PLEASE MARK INSIDE BLUE BOXES SO THAT DATA PROCESSING EQUIPMENT WILL RECORD
YOUR VOTES."
DREYFUS NEW YORK MUNICIPAL INCOME, INC.
The undersigned stockholder of Dreyfus New York Municipal Income,
Inc. (the "Fund") hereby appoints Robert R. Mullery and Steven F. Newman
and each of them, the attorneys and proxies of the undersigned, with full
power of substitution, to vote, as indicated herein, all of the shares of
the Fund standing in the name of the undersigned at the close of business
on June 16, 1995 at the Annual Meeting of Stockholders to be held at the
offices of The Dreyfus Corporation, 200 Park Avenue, 7th Floor West, New
York, New York, commencing at 10:00 a.m. on Friday, August 18, 1995, and
at any and all adjournments thereof, with all of the powers the
undersigned would possess if then and there personally present and
especially (but without limiting the general authorization and power
hereby given) to vote as indicated on the proposals, as more fully
described in the Proxy Statement for the meeting.
THIS PROXY IS SOLICITED BY THE FUND'S BOARD OF DIRECTORS AND WILL BE VOTED
FOR THE ABOVE PROPOSALS UNLESS OTHERWISE INDICATED.
1. Election of Directors.
/ / FOR All / / WITHHOLD
Nominees authority for
ALL Nominees
Nominees are: Class II - Whitney I. Gerard, Robert R. Glauber,
Arthur A. Hartman
Class III - Joseph S. DiMartino
/ / WITHHOLD authority only
for those Nominee(s)
whose name(s) I have
struck a line through above
__________________________________________________________________________
2. To ratify the selection of the Fund's independent auditors.
/ / FOR / / AGAINST / / ABSTAIN
3. In their discretion, the proxies are authorized to vote upon
such other business as may properly come before the meeting, or any
adjournment(s) thereof.
Signature(s) should be exactly as name or names appearing on this proxy. If
shares are held jointly, each holder should sign. If signing is by attorney,
executor, administrator, trustee or guardian, please give full title.
Dated:_____________________, 1995
___________________________________
Signature(s)
___________________________________
Signature(s)
Sign, Date and return the Proxy
Card Promptly using the
Enclosed Envelope
"PLEASE MARK INSIDE BLUE BOXES SO THAT DATA PROCESSING EQUIPMENT WILL RECORD
YOUR VOTES."
