SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the registrant / /
Filed by a party other than the registrant / /
Check the appropriate box:
/ / Preliminary proxy statement
/X/ Definitive proxy statement
/ / Definitive additional materials
/ / Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12
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(Name of Registrant as Specified in Its Charter)
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(Name of Person(s) Filing Proxy Statement)
Payment of filing fee (Check the appropriate box):
/ / $125 per Exchange Act Rule 0-11(c)(1)(ii), 14a-6(i)(1), or 14a-6(j)(2).
/ / $500 per each party to the controversy pursuant to Exchange Act Rule
14a-6(i)(3).
/ / Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transactions applies:
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11:*
(4) Proposed maximum aggregate value of transaction:
N/A
/ / Check box if any part of the fee is offset as provided by Exchange
Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee
was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.
(1) Amount previously paid:
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(2) Form, schedule or registration statement no.:
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(3) Filing party:
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(4) Date filed:
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* Set forth the amount on which the filing fee is calculated and state
how it was determined.
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 Meeting 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, September 12, 1997 at 10:00 a.m.,
for the following purposes:
1. To elect three Class I Directors to serve for a three year term
and 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 July 23, 1997 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
July 29, 1997
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, September 12, 1997
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") (each, a "Fund" and, collectively, the "Funds") to be
used at the Annual Meeting of Stockholders of each Fund to be held on Friday,
September 12, 1997 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 July 23, 1997 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 meeting. In addition,
any stockholder who attends the meeting in person may vote by ballot at the
meeting, thereby cancelling any proxy previously given. As of July 23, 1997,
the Funds had outstanding the following number of shares: Dreyfus California
Municipal Income, Inc. $4,504,884; Dreyfus Municipal Income, Inc.
$20,227,406; and Dreyfus New York Municipal Income, Inc. $3,763,346.
It is estimated that proxy materials will be mailed to stockholders of
record on or about August 1, 1997. 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 I Directors
to serve for three year term and until their respective successors are duly
elected and qualified. The individual nominees (the "Nominees") 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.
Name of Nominee, Principal Year
Occupation and Business Experience for Director Term
Past Five Years Age Since Expires
CLASS I:
LUCY WILSON BENSON 69 1988 2000
President of Benson and Associates,
consultants to business and government.
Mrs. Benson is a director of
Communications Satellite Corporation,
General RE Corporation and Logistics
Management Institute. She is also 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. From 1980 to 1994, Mrs. Benson
was a director of the Grumman Corporation.
Mrs. Benson served as a consultant to the
U.S. Department of State and to SRI
International from 1980 to 1981. From 1977
to 1980, she was Under Secretary of State
for Security Assistance, Science and
Technology. Her address is 46 Sunset
Avenue, Amherst, Massachusetts 01002.
*DAVID W. BURKE 61 1994 2000
Chairman of the Broadcasting Board of
Governors, an independent board within the
United States Information Agency, since
August 1995. From August 1994 to December
1994, Mr. Burke was a Consultant to The
Dreyfus Corporation ("Dreyfus"), each
Fund's Investment adviser, and, from
October 1990 to August 1994, he was 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. His
address is Box 654, Eastham, Massachusetts
02642.
MARTIN D. FIFE 70 1988 2000
Chairman of the Board of Magar, Inc., a
company specializing in financial products
and developing early stage companies,
since November 1987. Mr. Fife is also
Chairman of the Board and Chief Executive
Officer of Skysat Communications Network
Corporation, a company developing
telecommunications systems. From 1960 to
1994, Mr. Fife was President of Fife
Associates, Inc. He also serves on the
boards of various other companies. His
address is The Chrysler Building, 405
Lexington Avenue, New York, New York
10174.
* "Interested person" as defined in the Investment Company Act of 1940, as
amended(the "Act").
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. Certain
information concerning each Fund's officers is set forth
in Exhibit A.
Each Fund typically pays its 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, 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.
The aggregate amount of compensation paid to each Nominee by each Fund for
the fiscal year ended September 30, 1996, and by all other funds in the Dreyfus
Family of Funds for which such Nominee is a Board member for the year ended
December 31, 1996 (the number of which is set forth in parenthesis next to
each Nominee's total compensation) was as follows:
Total
compensation
from Funds and
Aggregate fund complex
Name of Nominee compensation paid to
and Fund from each Fund* Nominee
Lucy Wilson Benson $ 69,018 (12)
DCMI $3,500
DMI $3,500
DNYMI $3,500
David W. Burke $232,699 (51)
DCMI $3,500
DMI $3,500
DNYMI $3,500
Martin D. Fife $ 54,167 (11)
DCMI $3,500
DMI $3,500
DNYMI $3,500
* Amount does not include reimbursed expenses for attending Board
meetings, which amounted to $1,429 for DCMI, DMI and DNYMI in the aggregate,
for all Directors as a group.
For each Fund, election of each of the Nominees requires the affirmative
vote of a plurality of the votes cast at the FundOs meeting.
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
fiscal year ending September 30, 1997 at a Board meeting held on January 30,
1997. 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, 1997, 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.
Ernst & Young LLP, a major international accounting firm, have acted as
auditors of each Fund since the Fund's organization. Each Fund's Board
believes that the employment of the services of Ernst & Young LLP for the
fiscal year ending September 30, 1997 is 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
ERNST & YOUNG LLP AS INDEPENDENT AUDITORS OF THE FUND.
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.
Each Fund will bear its pro rata share of 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 that stockholders wish to include in any FundOs proxy statement
for such Fund's next Annual Meeting of Stockholders must be sent to and
received by such Fund no later than December 31, 1997 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 Proxy Services
Corporation, 777 Jersey Avenue, Jersey City, NJ 07302, 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: July 29,1997
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.
Name of Continuing Director, Principal Year
Occupation and Business Experience for Director Term
Past Five Years Age Since Expires
CLASS II:
WHITNEY I. GERARD 62 1988 1998
Partner of the New York City law firm of
Chadbourne & Parke. His address is 30
Rockefeller Plaza, New York, New York
10112.
ROBERT R. GLAUBER 58 (1988) 1998
Research Fellow, Center for Business 1992*
and Government at 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. His address is 79 John F.
Kennedy Street, Cambridge, Massachusetts
02138.
ARTHUR A. HARTMAN 71 1989 1998
Senior consultant with APCO Associates
Inc. From 1981 to 1987, he was United
States Ambassador to the former Soviet
Union. He is a director of the Hartford
Insurance Group and a member of the
advisory councils of several other
companies, research institutes and
foundations. He is Chairman of First NIS
Regional Funds (ING/Barings Management)
and former President of the Harvard Board
of Overseers. His address is 2738 McKinley
Street, N.W., Washington, D.C. 20015.
*Mr. Glauber was elected to the Board of each Fund on September 15, 1988 and re
signed on October 1, 1988 to accept a government position. He was re-elected to
the Board of each Fund on January 30, 1992.
Year
Name of Continuing Director, Principal Occupation Director Term
and Business Experience for Past Five Years Age Since Expires
CLASS III:
* JOSEPH S. DiMARTINO 53 1995 1999
Chairman of the Board of each Fund.
Since January 1995, Chairman of the Board
of various funds in the Dreyfus Family of
Funds. He is also Chairman of the Board of
Directors of Noel Group, Inc., a venture
capital company, and Staffing Resources,
Inc.; and a director of The Muscular
Dystrophy Association, HealthPlan Services
Corporation, Carlyle Industries, Inc.
(formerly, Belding Heminway Company,
Inc.), a button packager and distributor,
and Curtis Industries, Inc., a national
distributor of security products,
chemicals and automotive and other
hardware. For more than five years prior
to January 1995, he was President, a
director and, until August 1994, Chief
Operating Officer of Dreyfus 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 was a director of
Mellon Bank Corporation. His address is
200 Park Avenue, New York, New York 10166.
GEORGE L. PERRY 63 1989 1999
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. His
address is 1775 Massachusetts Avenue,
N.W., Washington, D.C. 20015.
PAUL WOLFOWITZ 51 1994 1999
Dean of The Paul H. Nitze School of
Advanced International Studies at Johns
Hopkins University. From 1989 to 1993, he
was Under Secretary of Defense for Policy.
From 1986 to 1989, he was the U.S.
Ambassador to the Republic of Indonesia.
From 1982 to 1986, he was Assistant
Secretary of State of East Asian and
Pacific Affairs of the Department of
State. His address is 1740 Massachusetts
Avenue, N.W., Washington, D.C. 20036.
* "Interested person" as defined in the Act.
PERTAINING TO THE BOARD OF EACH FUND
- Number of Board and committee meetings held during the last fiscal year:
DCMI: 8
DMI: 8
DNYMI: 8
- Directors, if any, attending fewer than 75% of all Board and committee
meetings, as applicable, held in the last fiscal year during the period the
Director was in office:
DCMI: NONE
DMI: NONE
DNYMI: NONE
As of July 29, 1997, Directors and officers of the Funds, as a group (18
persons), owned less than 1% of each Fund's outstanding shares.
Compensation Table. The aggregate amount of compensation paid to each
continuing Director by each Fund for the fiscal year ended September 30,
1996 and by all other funds in the Dreyfus Family of Funds for which such
continuing Director is a Board member for the year ended December 31, 1996
(the number of which is set forth in parenthesis next to each Director's
total compensation) was as follows:
Total
compensation
from Funds and
Aggregate fund complex
Name of Continuing compensation paid to
Director and Fund from each Fund* Board Member
Whitney I. Gerard $ 58,417 (11)
DCMI $3,500
DMI $3,500
DNYMI $3,500
Robert R. Glauber $103,549 (20)
DCMI $3,500
DMI $3,500
DNYMI $3,500
Arthur A. Hartman $ 58,167 (11)
DCMI $3,500
DMI $3,500
DNYMI $3,500
Joseph S. DiMartino $517,075 (93)
DCMI $4,375
DMI $4,375
DNYMI $4,375
George L. Perry $ 58,167 (11)
DCMI $3,500
DMI $3,500
DNYMI $3,500
Paul Wolfowitz $ 48,046 (10)
DCMI $3,500
DMI $3,500
DNYMI $3,500
* Amount does not include reimbursed expenses for attending Board
meetings, which amounted to $1,429 for DCMI, DMI and DNYMI in the aggregate,
for all Directors as a group.
PART II
Part II sets forth information relevant to the executive officers of each
Fund.
Name and Position Principal Occupation and Business
with Funds Age Experience For Past Five Years
MARIE E. CONNOLLY
President and Treasurer 40 President, Chief Executive Officer
and a director of Premier Mutual
Fund Services, Inc. ("Premier"), a
distributor of mutual funds, 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.,
the ultimate parent of which is Boston
Institutional Group, Inc.
JOHN E. PELLETIER
Vice President and Secretary 33 Senior Vice President and General
Counsel of Premier and an officer of
other investment companies advised or
administered by Dreyfus. From
February 1992 to July 1994, he served
as Counsel for The Boston Company
Advisors, Inc.
ELIZABETH A. KEELEY
Vice President and Assistant
Secretary 27 Vice President of the Distributor and
an officer of other investment
companies advised or administered by
Dreyfus. She has been employed by
Premier since September 1995.
DOUGLAS C. CONROY
Vice President and
Assistant Secretary 28 Supervisor of Treasury Services and
Administration of Funds Distributor,
Inc. and an officer of other
investment companies advised or
administered by Dreyfus. From April
1993 to January 1995, he was a Senior
Fund Accountant for Investors Bank and
Trust Company. From December 1991 to
March 1993, he was employed as a Fund
Accountant at The Boston Company, Inc.
Name and Position Principal Occupation and Business
with Funds Age Experience For Past Five Years
MARK A. KARPE
Vice President and
Assistant Treasurer 27 Senior Paralegal of Premier and
an officer of other investment
companies advised or administered by
Dreyfus. Prior to September 1993, he
was employed as an Associate Examiner
in the Enforcement Department of the
National Association of Securities
Dealers, Inc.
RICHARD W. INGRAM
Vice President and
Assistant Treasurer 41 Senior Vice President and Director
of Client Services and Treasury
Operations of Funds Distributor, Inc.
and an officer of other investment
companies advised or administered by
Dreyfus. From March 1994 to November
1995, he was Vice President and
Division Manager for First Data
Investor Services Group. From 1989 to
1994, he was Vice President, Assistant
Treasurer and Tax DirectorDDMutual
Funds of The Boston Company, Inc.
MARY A. NELSON
Vice President and
Assistant Treasurer 33 Vice President and Manager of
Treasury Services and Administration
of Funds Distributor, Inc. and an
officer of other investment companies
advised or administered by Dreyfus.
From September 1989 to July 1994, she
was an Assistant Vice President and
Client Manager for The Boston Company,
Inc.
MICHAEL S. PETRUCELLI
Vice President and
Assistant Treasurer 35 Director of Strategic Client
Initiatives for Funds Distributor,
Inc. and an officer of other
investment companies advised or
administered by Dreyfus. From
December, 1989 through November 1996,
he was employed by GE Investments
where he held various financial,
business development and compliance
positions. He also served as
Treasurer of GE Funds and as Director
of the GE Investment Services.
JOSEPH F. TOWER, III
Vice President and
Assistant Treasurer 35 Senior Vice President, Treasurer
and Chief 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.
The address of each officer of the Funds is 200 Park Avenue, New York,
New York 10166.
Enclosure 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 the Fund save money. To hold a meeting, a quorum must be represented.
Voting today can save the Fund the expense of another solicitation for proxies
required to achieve a quorum.
Please note, that if you hold more than one account in the Fund, a proxy card
will be sent to you for each of your accounts. You should sign and return each
proxy card in order for all your votes to be counted.
Thank you for your interest in the Fund.
DREYFUS CALIFORNIA MUNICIPAL INCOME, INC.
The undersigned stockholder of Dreyfus California Municipal Income, Inc.
(the "Fund") hereby appoints Robert R. Mullery and Michael A. Rosenberg 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 July 23,
1997 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, September 12, 1997, 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.
Please mark Boxes in blue or black ink.
1. Election of Directors.
- - FOR All - WITHHOLD authority only - WITHHOLD
Nominees for the Nominee(s) authority for
whose name(s) I have ALL Nominees
written below
Nominees are: Class I - Lucy Wilson Benson, David W. Burke, Martin D. Fife
______________________________________________________________________________
2. To ratify the selection of Ernst & Young LLP as 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.
THIS PROXY IS SOLICITED BY THE FUND'S BOARD OF DIRECTORS AND WILL BE VOTED FOR
THE ABOVE PROPOSALS UNLESS OTHERWISE INDICATED.
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:_____________________, 1997
___________________________________
Signature(s)
___________________________________
Signature(s)
Sign, Date and return the Proxy
Card Promptly using the
Enclosed Envelope
DREYFUS MUNICIPAL INCOME, INC.
The undersigned stockholder of Dreyfus Municipal Income, Inc. (the
"Fund") hereby appoints Robert R. Mullery and Michael A. Rosenberg 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 July 23,
1997 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, September 12, 1997, 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.
Please mark Boxes in blue or black ink.
1. Election of Directors.
- - FOR All - WITHHOLD authority only - WITHHOLD
Nominees for the Nominee(s) authority for
whose name(s) I have ALL Nominees
written below
Nominees are: Class I - Lucy Wilson Benson, David W. Burke, Martin D. Fife
______________________________________________________________________________
2. To ratify the selection of Ernst & Young LLP as 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.
THIS PROXY IS SOLICITED BY THE FUND'S BOARD OF DIRECTORS AND WILL BE VOTED FOR
THE ABOVE PROPOSALS UNLESS OTHERWISE INDICATED.
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:_____________________, 1997
___________________________________
Signature(s)
___________________________________
Signature(s)
Sign, Date and return the Proxy
Card Promptly using the
Enclosed Envelope
DREYFUS NEW YORK MUNICIPAL INCOME, INC.
The undersigned stockholder of Dreyfus New York Municipal Income, Inc.
(the "Fund") hereby appoints Robert R. Mullery and Michael A. Rosenberg 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 July 23,
1997 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, September 12, 1997, 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.
Please mark Boxes in blue or black ink.
1. Election of Directors.
- - FOR All - WITHHOLD authority only - WITHHOLD
Nominees for the Nominee(s) authority for
whose name(s) I have ALL Nominees
written below
Nominees are: Class I - Lucy Wilson Benson, David W. Burke, Martin D. Fife
______________________________________________________________________________
2. To ratify the selection of Ernst & Young LLP as 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.
THIS PROXY IS SOLICITED BY THE FUND'S BOARD OF DIRECTORS AND WILL BE VOTED FOR
THE ABOVE PROPOSALS UNLESS OTHERWISE INDICATED.
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:_____________________, 1997
___________________________________
Signature(s)
___________________________________
Signature(s)
Sign, Date and return the Proxy
Card Promptly using the
Enclosed Envelope
