Dreyfus Municipal Income, Inc. (the Fund) is a non-diversified closed-end management investment company. The Fund�s investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The Fund invests at least 80% of the value of its net assets in municipal obligations. The Fund invests in municipal obligations which, at the time of purchase, are rated investment grade or the unrated equivalent as determined by The Dreyfus Corporation in the case of bonds, and rated in the two highest rating categories or the unrated equivalent as determined by Dreyfus in the case of short-term obligations. The Dreyfus Corporation, a wholly owned subsidiary of The Bank of New York Mellon Corporation serves as the Fund�s investment adviser.