N-Q 1 formnq-928.htm FORM N-Q formnq-928.htm - Generated by SEC Publisher for SEC Filing

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number

811-3757

 

 

 

DREYFUS PREMIER CALIFORNIA AMT-FREE MUNICIPAL BOND FUND, INC.

- Dreyfus California AMT-Free Municipal Bond Fund

 

 

(Exact name of Registrant as specified in charter)

 

 

 

 

 

 

c/o The Dreyfus Corporation

200 Park Avenue

New York, New York  10166

 

 

(Address of principal executive offices)        (Zip code)

 

 

 

 

 

Michael A. Rosenberg, Esq.

200 Park Avenue

New York, New York  10166

 

 

(Name and address of agent for service)

 

 

Registrant's telephone number, including area code: 

(212) 922-6000

 

 

Date of fiscal year end:

 

05/31     

 

Date of reporting period:

2/28/11

 
             

 

 

 

 

FORM N-Q

Item 1.                        Schedule of Investments.

 

 

STATEMENT OF INVESTMENTS       
Dreyfus California AMT-Free Municipal Bond Fund       
February 28, 2011 (Unaudited)         
 
Long-Term Municipal  Coupon  Maturity  Principal   
Investments--98.8%  Rate (%)  Date  Amount ($)  Value ($) 
California--91.6%         
ABAG Finance Authority for         
Nonprofit Corporations,         
Insured Revenue (Sansum-Santa         
Barbara Medical Foundation         
Clinic)  5.50  4/1/21  3,500,000  3,520,405 
ABAG Finance Authority for         
Nonprofit Corporations,         
Revenue (San Diego Hospital         
Association)  5.38  3/1/21  4,000,000  4,035,840 
ABAG Finance Authority for         
Nonprofit Corporations,         
Revenue (Sharp HealthCare)  6.00  8/1/30  5,000,000  4,954,500 
Bay Area Toll Authority,         
San Francisco Bay Area Toll         
Bridge Revenue  5.25  4/1/24  17,580,000  18,932,078 
Bay Area Toll Authority,         
San Francisco Bay Area Toll         
Bridge Revenue  5.00  4/1/34  10,000,000  9,791,700 
Bay Area Toll Authority,         
San Francisco Bay Area Toll         
Bridge Revenue  5.50  4/1/43  11,720,000  11,797,938 
Brentwood Infrastructure Financing         
Authority, Water Revenue  5.75  7/1/38  4,250,000  4,334,957 
California,         
Economic Recovery Bonds  5.00  7/1/20  10,000,000  11,134,000 
California,         
GO (Various Purpose)  5.25  3/1/30  15,000,000  15,037,200 
California,         
GO (Various Purpose)  5.75  4/1/31  4,500,000  4,651,020 
California,         
GO (Various Purpose)  6.00  3/1/33  3,000,000  3,154,350 

 

 

California,           
GO (Various Purpose)  6.50  4/1/33  30,000,000   32,630,100 
California,           
GO (Various Purpose)  5.50  11/1/35  10,000,000   9,992,400 
California,           
GO (Various Purpose)  5.50  3/1/40  17,500,000   17,386,950 
California Department of Veteran           
Affairs, Home Purchase Revenue  5.20  12/1/28  8,530,000   8,530,682 
California Department of Water           
Resources, Power Supply Revenue  5.00  5/1/21  7,500,000   8,204,025 
California Department of Water           
Resources, Water System           
Revenue (Central Valley           
Project)  5.00  12/1/26  7,500,000   7,936,500 
California Department of Water           
Resources, Water System           
Revenue (Central Valley           
Project)  5.00  12/1/27  11,600,000   12,185,800 
California Department of Water           
Resources, Water System           
Revenue (Central Valley           
Project) (Prerefunded)  5.50  12/1/11  225,000 a  233,858 
California Educational Facilities           
Authority, Revenue (Pooled           
College and University           
Projects)  5.63  6/30/23  135,000   159,818 
California Educational Facilities           
Authority, Revenue (Pooled           
College and University           
Projects)  5.63  7/1/23  210,000   168,769 
California Educational Facilities           
Authority, Revenue (University           
of Southern California)  5.25  10/1/38  5,000,000   5,063,750 
California Health Facilities           
Financing Authority, Health           
Facility Revenue (Adventist           
Health System/West)  5.00  3/1/17  870,000   888,279 
California Health Facilities           
Financing Authority, Health           
Facility Revenue (Adventist           

 

 

Health System/West)  5.00  3/1/18  1,000,000  1,015,250 
California Health Facilities         
Financing Authority, Revenue         
(Catholic Healthcare West)  5.63  7/1/32  5,875,000  5,763,669 
California Health Facilities         
Financing Authority, Revenue         
(Scripps Health)  5.00  11/15/36  9,500,000  8,306,895 
California Health Facilities         
Financing Authority, Revenue         
(Sutter Health)  5.25  8/15/22  6,000,000  6,178,200 
California Health Facilities         
Financing Authority, Revenue         
(Sutter Health)  6.25  8/15/35  7,465,000  7,485,156 
California Health Facilities         
Financing Authority, Revenue         
(Sutter Health) (Insured;         
National Public Finance         
Guarantee Corp.)  5.35  8/15/28  2,290,000  2,194,690 
California Housing Finance Agency,         
Home Mortgage Revenue  5.50  8/1/38  16,195,000  14,907,821 
California Infrastructure and         
Economic Development Bank,         
Revenue (Kaiser Hospital         
Assistance I-LLC)  5.55  8/1/31  21,900,000  21,046,119 
California Infrastructure and         
Economic Development Bank,         
Revenue (Performing Arts         
Center of Los Angeles County)  5.00  12/1/27  1,000,000  973,910 
California Municipal Finance         
Authority, COP (Community         
Hospitals of Central         
California Obligated Group)  5.25  2/1/27  6,750,000  6,012,427 
California Pollution Control         
Financing Authority, PCR (San         
Diego Gas and Electric         
Company) (Insured; National         
Public Finance Guarantee Corp.)  5.90  6/1/14  10,000,000  11,054,100 
California Pollution Control         
Financing Authority, Revenue         
(San Jose Water Company         

 

 

Project)  5.10  6/1/40  5,500,000   5,109,720 
California Pollution Control           
Financing Authority, Water           
Facilities Revenue (American           
Water Capital Corporation           
Project)  5.25  8/1/40  7,500,000 b  7,071,750 
California Public Works Board,           
LR (Department of Corrections,           
Calipatria State Prison,           
Imperial County) (Insured;           
National Public Finance           
Guarantee Corp.)  6.50  9/1/17  13,000,000   14,377,220 
California Public Works Board,           
LR (Department of Health           
Services-Richmond Laboratory,           
Phase III Office Building)           
(Insured; XLCA)  5.00  11/1/19  1,680,000   1,746,965 
California Public Works Board,           
LR (Various University of           
California Projects)  5.50  6/1/14  5,000,000   5,343,300 
California State University           
Fresno Association Inc.,           
Auxiliary Organization Event           
Center Revenue (Prerefunded)  6.00  7/1/12  5,250,000 a  5,655,510 
California State University           
Trustees, Systemwide Revenue  5.00  11/1/27  2,510,000   2,473,555 
California State University           
Trustees, Systemwide Revenue  5.00  11/1/28  5,000,000   4,879,300 
California State University           
Trustees, Systemwide Revenue           
(Insured; National Public           
Finance Guarantee Corp.)  5.00  11/1/26  10,485,000   10,427,962 
California Statewide Communities           
Development Authority, COP           
(The Internext Group)  5.38  4/1/30  20,000,000   17,263,800 
California Statewide Communities           
Development Authority, Health           
Facility Revenue (Adventist           
Health System/West)  5.00  3/1/35  7,380,000   6,481,485 
California Statewide Communities           

 

 

Development Authority, Insured         
Revenue (Saint Joseph Health         
System) (Insured; FGIC)  5.75  7/1/47  10,000,000  9,415,100 
California Statewide Communities         
Development Authority, Insured         
Revenue (Saint Joseph Health         
System) (Insured; National         
Public Finance Guarantee Corp.)  5.13  7/1/24  5,000,000  4,912,000 
California Statewide Communities         
Development Authority, Revenue         
(Cottage Health System         
Obligated Group)  5.25  11/1/30  3,750,000  3,543,150 
California Statewide Communities         
Development Authority, Revenue         
(Cottage Health System         
Obligated Group)  5.00  11/1/40  11,940,000  10,133,478 
California Statewide Communities         
Development Authority, Revenue         
(Daughters of Charity Health         
System)  5.25  7/1/24  8,205,000  7,559,759 
California Statewide Communities         
Development Authority, Revenue         
(Daughters of Charity Health         
System)  5.25  7/1/35  10,770,000  8,940,392 
California Statewide Communities         
Development Authority, Revenue         
(Inland Regional Center         
Project)  5.25  12/1/27  9,000,000  8,081,100 
California Statewide Communities         
Development Authority, Revenue         
(Kaiser Permanente)  5.50  11/1/32  13,500,000  12,890,610 
California Statewide Communities         
Development Authority, Revenue         
(Saint Ignatius College         
Preparatory) (Insured; AMBAC)  5.00  6/1/32  5,635,000  4,356,137 
California Statewide Communities         
Development Authority, Revenue         
(Sutter Health)  5.00  8/15/22  2,000,000  2,029,800 
California Statewide Communities         
Development Authority, Revenue         
(Sutter Health)  5.50  8/15/28  7,000,000  7,205,240 

 

 

California Statewide Communities           
Development Authority, Revenue           
(The California Endowment)  5.25  7/1/20  2,280,000   2,462,240 
California Statewide Communities           
Development Authority, Revenue           
(The California Endowment)  5.00  7/1/28  15,360,000   15,529,728 
California Statewide Communities           
Development Authority, Revenue           
(The California Endowment)  5.00  7/1/36  5,000,000   4,960,600 
California Statewide Communities           
Development Authority, School           
Facility Revenue (Aspire           
Public Schools)  6.00  7/1/40  10,000,000   8,771,200 
California Statewide Communities           
Development Authority, Student           
Housing Revenue (CHF-Irvine,           
LLC-UCI East Campus           
Apartments, Phase II)  5.75  5/15/32  4,500,000   4,277,610 
Capistrano Unified School District           
(Ladera) Community Facilities           
District Number 98-2, Special           
Tax Bonds (Insured; National           
Public Finance Guarantee Corp.)  5.00  9/1/19  3,545,000   3,544,504 
Capistrano Unified School           
District, School Facilities           
Improvement District Number 1           
(Insured; National Public           
Finance Guarantee Corp.)  6.00  8/1/24  2,075,000   2,103,282 
Carson Redevelopment Agency,           
Tax Allocation Revenue           
(Redevelopment Project Area           
Number 1) (Insured; National           
Public Finance Guarantee Corp.)  5.50  10/1/13  1,000,000   1,037,660 
Chabot-Las Positas Community           
College District, GO (Insured;           
AMBAC)  0.00  8/1/22  3,000,000 c  1,557,120 
Chino Valley Unified School           
District, GO (Insured;           
National Public Finance           
Guarantee Corp.)  5.25  8/1/30  10,000,000   10,093,800 
Coast Community College District,           

 

 

GO (Insured; Assured Guaranty           
Municipal Corp.)  0/5.00  8/1/29  15,565,000 d  12,907,899 
Compton Public Finance Authority,           
LR (Various Capital Projects)           
(Insured; AMBAC)  5.25  9/1/27  13,355,000   12,932,448 
Delano,           
COP (Delano Regional Medical           
Center)  5.25  1/1/18  10,150,000   10,143,504 
Fontana Public Financing           
Authority, Tax Allocation           
Revenue (North Fontana           
Redevelopment Project)           
(Insured; AMBAC)  5.50  9/1/32  13,800,000   12,195,750 
Foothill-De Anza Community College           
District, GO (Insured; AMBAC)  5.00  8/1/22  10,350,000   10,991,182 
Foothill/Eastern Transportation           
Corridor Agency, Toll Road           
Revenue  5.75  1/15/40  1,745,000   1,460,059 
Foothill/Eastern Transportation           
Corridor Agency, Toll Road           
Revenue (Insured; National           
Public Finance Guarantee Corp.)  5.25  1/15/12  4,550,000   4,542,902 
Foothill/Eastern Transportation           
Corridor Agency, Toll Road           
Revenue (Insured; National           
Public Finance Guarantee Corp.)  5.13  1/15/19  2,000,000   1,888,840 
Fullerton Community Facilities           
District Number 1, Special Tax           
Revenue (Amerige Heights)  6.20  9/1/32  2,500,000   2,539,800 
Golden State Tobacco           
Securitization Corporation,           
Enhanced Tobacco Settlement           
Asset-Backed Bonds (Insured;           
Assured Guaranty Municipal           
Corp.)  4.55  6/1/22  1,725,000   1,595,504 
Golden State Tobacco           
Securitization Corporation,           
Tobacco Settlement           
Asset-Backed Bonds  4.50  6/1/27  24,160,000   17,394,717 
Golden State Tobacco           

 

 

Securitization Corporation,           
Tobacco Settlement           
Asset-Backed Bonds  5.00  6/1/33  10,000,000   6,519,400 
Golden State Tobacco           
Securitization Corporation,           
Tobacco Settlement           
Asset-Backed Bonds           
(Prerefunded)  6.75  6/1/13  14,770,000 a  16,684,635 
Grossmont Union High School           
District, GO (Insured; Assured           
Guaranty Municipal Corp.)  0.00  8/1/21  4,375,000 c  2,510,856 
Grossmont Union High School           
District, GO (Insured; Assured           
Guaranty Municipal Corp.)  0.00  8/1/22  4,605,000 c  2,471,734 
Grossmont Union High School           
District, GO (Insured; Assured           
Guaranty Municipal Corp.)  0.00  8/1/23  4,850,000 c  2,396,530 
Grossmont Union High School           
District, GO (Insured; Assured           
Guaranty Municipal Corp.)  0.00  8/1/26  3,265,000 c  1,209,976 
Kaweah Delta Health Care District,           
Revenue (Prerefunded)  6.00  8/1/12  9,000,000 a  9,864,000 
Lincoln Community Facilities           
District Number 2003-1,           
Special Tax Bonds (Lincoln           
Crossing Project) (Prerefunded)  5.65  9/1/13  1,125,000 a  1,278,574 
Los Angeles,           
Wastewater System Revenue           
(Insured; National Public           
Finance Guarantee Corp.)  4.75  6/1/35  7,800,000   7,283,094 
Los Angeles Department of           
Airports, Senior Revenue (Los           
Angeles International Airport)  5.00  5/15/29  3,915,000   3,943,462 
Los Angeles Department of           
Airports, Senior Revenue (Los           
Angeles International Airport)  5.25  5/15/29  16,090,000   16,465,862 
Los Angeles Department of           
Airports, Senior Revenue (Los           
Angeles International Airport)  5.00  5/15/35  25,000,000   23,883,250 
Los Angeles Harbor Department,           

 

 

Revenue  5.25  8/1/25  26,055,000   27,261,086 
Los Angeles Unified School           
District, GO (Insured;           
National Public Finance           
Guarantee Corp.)  5.75  7/1/15  3,000,000   3,416,580 
Metropolitan Water District of           
Southern California, Water           
Revenue  5.00  1/1/39  5,000,000   5,010,900 
Midpeninsula Regional Open Space           
District Financing Authority,           
Revenue (Insured; AMBAC)  0.00  9/1/15  2,825,000 c  2,566,032 
Murrieta Valley Unified School           
District, GO (Insured;           
National Public Finance           
Guarantee Corp.)  0.00  9/1/21  4,950,000 c  2,665,822 
Natomas Unified School District,           
GO (Insured; National Public           
Finance Guarantee Corp.)  5.95  9/1/21  2,500,000   2,679,825 
Northern California Power Agency,           
Revenue (Hydroelectric Project           
Number 1) (Insured; AMBAC)           
(Prerefunded)  7.00  1/1/16  670,000 a  838,070 
Northern California Power Agency,           
Revenue (Hydroelectric Project           
Number 1) (Insured; AMBAC)           
(Prerefunded)  7.50  7/1/21  375,000 a  495,247 
Northern California Power Agency,           
Revenue (Hydroelectric Project           
Number 1) (Insured; National           
Public Finance Guarantee Corp.)  6.30  7/1/18  26,400,000   29,803,752 
Oakland Unified School District,           
GO (Insured; National Public           
Finance Guarantee Corp.)  5.25  8/1/24  14,775,000   14,958,801 
Orange County Community Facilities           
District (Landera Ranch)           
Special Tax Number 3  5.60  8/15/28  3,250,000   3,007,128 
Orange County Community Facilities           
District (Landera Ranch)           
Special Tax Number 3  5.63  8/15/34  6,000,000   5,349,120 
Pomona,           

 

 

COP (General Fund Lease           
Financing) (Insured; AMBAC)  5.50  6/1/28  1,000,000   1,002,390 
Pomona Redevelopment Agency,           
Tax Allocation Revenue (West           
Holt Avenue Redevelopment           
Project)  5.50  5/1/32  3,000,000   2,718,600 
Rancho California Water District           
Financing Authority, Revenue           
(Insured; Assured Guaranty           
Municipal Corp.)  5.00  8/1/28  8,965,000   9,039,320 
Rancho Cucamonga Redevelopment           
Agency, Tax Allocation Revenue           
(Rancho Development Project)           
(Insured; National Public           
Finance Guarantee Corp.)  5.38  9/1/25  7,485,000   7,143,983 
Rancho Mirage Joint Powers           
Financing Authority, Revenue           
(Eisenhower Medical Center)           
(Prerefunded)  5.63  7/1/14  10,430,000 a  11,972,284 
Riverside County Public Financing           
Authority, Tax Allocation           
Revenue (Redevelopment           
Projects) (Insured; XLCA)  5.25  10/1/18  1,275,000   1,284,053 
Sacramento County,           
Airport System Senior Revenue  5.00  7/1/24  5,090,000   5,136,370 
Sacramento County,           
Airport System Senior Revenue  5.13  7/1/25  5,890,000   5,952,434 
Sacramento County,           
Airport System Senior Revenue  5.00  7/1/40  5,000,000   4,490,550 
Sacramento County Water Financing           
Authority, Revenue (Sacramento           
County Water Agency Zones 40           
and 41 Water System Project)           
(Insured; National Public           
Finance Guarantee Corp.)  5.00  6/1/25  10,845,000   11,018,845 
Sacramento Municipal Utility           
District, Electric Revenue           
(Insured; National Public           
Finance Guarantee Corp.)  6.50  9/1/13  5,360,000   5,659,088 
San Bernardino County,           

 

 

COP (Capital Facilities         
Project)  6.88  8/1/24  5,000,000  6,492,800 
San Diego County,         
COP (Burnham Institute for         
Medical Research)  5.00  9/1/24  2,265,000  1,908,919 
San Diego County,         
COP (Burnham Institute for         
Medical Research)  5.00  9/1/34  9,880,000  7,607,798 
San Diego County Regional Airport         
Authority, Subordinate Airport         
Revenue  5.00  7/1/34  6,000,000  5,479,200 
San Diego Public Facilities         
Financing Authority, Senior         
Sewer Revenue  5.25  5/15/34  8,045,000  8,081,605 
San Diego Public Facilities         
Financing Authority, Water         
Revenue  5.25  8/1/28  6,000,000  6,204,840 
San Diego Unified School District,         
GO (Insured; Assured Guaranty         
Municipal Corp.)  5.25  7/1/16  1,465,000  1,615,280 
San Francisco City and County         
Airport Commission, San         
Francisco International         
Airport Second Series Revenue         
(Issue 32F) (Insured; National         
Public Finance Guarantee Corp.)  5.00  5/1/21  1,000,000  1,036,520 
San Francisco City and County         
Airport Commission, San         
Francisco International         
Airport Second Series Revenue         
(Issue 34D)  5.25  5/1/26  4,000,000  4,066,600 
San Francisco City and County         
Public Utilities Commission,         
San Francisco Water Revenue  5.00  11/1/27  11,000,000  11,323,070 
San Francisco City and County         
Public Utilities Commission,         
San Francisco Water Revenue         
(Insured; Assured Guaranty         
Municipal Corp.)  5.00  11/1/24  13,185,000  13,614,567 
San Francisco City and County         

 

 

Redevelopment Agency,           
Community Facilities District           
Number 6 (Mission Bay South           
Public Improvements)  0.00  8/1/18  445,000 c  287,519 
San Francisco City and County           
Redevelopment Agency,           
Community Facilities District           
Number 6 (Mission Bay South           
Public Improvements)  0.00  8/1/21  500,000 c  251,535 
Santa Rosa,           
Wastewater Revenue (Insured;           
Assured Guaranty Municipal           
Corp.)  5.25  9/1/24  5,110,000   5,310,619 
Sequoia Union High School           
District, GO (Insured; Assured           
Guaranty Municipal Corp.)  5.00  7/1/24  2,695,000   2,767,199 
Simi Valley School Financing           
Authority, GO Revenue (Simi           
Valley Unified School           
District, GO Bond) (Insured;           
Assured Guaranty Municipal           
Corp.)  5.00  8/1/27  6,500,000   6,650,020 
Southern California Public Power           
Authority, Revenue (Canyon           
Power Project)  5.25  7/1/27  7,485,000   7,804,310 
Southern California Public Power           
Authority, Revenue (Linden           
Wind Energy Project)  5.00  7/1/27  5,830,000   5,960,650 
Southern California Public Power           
Authority, Revenue (Linden           
Wind Energy Project)  5.00  7/1/28  3,145,000   3,196,452 
Southern California Public Power           
Authority, Revenue (Linden           
Wind Energy Project)  5.00  7/1/29  2,230,000   2,254,753 
Southern California Public Power           
Authority, Revenue (Linden           
Wind Energy Project)  5.00  7/1/30  2,250,000   2,263,208 
Southern California Public Power           
Authority, Revenue (Milford           
Wind Corridor Phase I Project)  5.00  7/1/29  11,865,000   11,991,006 

 

 

Southern California Public Power         
Authority, Revenue (Windy         
Point/Windy Flats Project)  5.00  7/1/27  13,765,000  14,073,474 
Tobacco Securitization Authority         
of Northern California,         
Tobacco Settlement         
Asset-Backed Bonds (Sacramento         
County Tobacco Securitization         
Corporation)  5.38  6/1/38  20,000,000  13,733,000 
Tobacco Securitization Authority         
of Southern California,         
Tobacco Settlement         
Asset-Backed Bonds (San Diego         
County Tobacco Asset         
Securitization Corporation)  4.75  6/1/25  1,940,000  1,613,052 
Torrance,         
Revenue (Torrance Memorial         
Medical Center)  5.00  9/1/40  3,000,000  2,494,080 
Torrance Redevelopment Agency,         
Tax Allocation Revenue  5.63  9/1/28  500,000  423,420 
Tuolumne Wind Project Authority,         
Revenue (Tuolumne Company         
Project)  5.63  1/1/29  8,000,000  8,391,920 
Turlock Irrigation District,         
Revenue  5.00  1/1/25  5,610,000  5,661,500 
Turlock Irrigation District,         
Revenue  5.00  1/1/26  8,120,000  8,130,962 
University of California Regents,         
General Revenue  5.25  5/15/28  10,000,000  10,523,000 
University of California Regents,         
General Revenue  5.75  5/15/31  8,000,000  8,541,040 
University of California Regents,         
Medical Center Pooled Revenue  5.25  5/15/19  10,000,000  10,744,400 
West Covina Redevelopment Agency,         
Community Facilities District,         
Special Tax Revenue (Fashion         
Plaza)  6.00  9/1/17  5,490,000  6,090,167 
West Covina Redevelopment Agency,         
Community Facilities District,         
Special Tax Revenue (Fashion         

 

 

Plaza)  6.00  9/1/22  11,325,000   12,373,355 
West Kern Community College           
District, GO (Insured; XLCA)  0.00  11/1/20  1,000,000 c  571,080 
Whittier,           
Health Facility Revenue           
(Presbyterian Intercommunity           
Hospital) (Prerefunded)  5.75  6/1/12  1,090,000 a  1,172,873 
U.S. Related--7.2%           
Government of Guam,           
LOR (Section 30)  5.63  12/1/29  2,850,000   2,812,380 
Puerto Rico Commonwealth,           
Public Improvement GO  5.25  7/1/22  2,000,000   1,974,660 
Puerto Rico Electric Power           
Authority, Power Revenue  5.00  7/1/28  6,040,000   5,571,417 
Puerto Rico Electric Power           
Authority, Power Revenue  5.25  7/1/28  5,000,000   4,748,550 
Puerto Rico Electric Power           
Authority, Power Revenue  5.25  7/1/40  5,500,000   4,797,265 
Puerto Rico Electric Power           
Authority, Power Revenue           
(Insured; National Public           
Finance Guarantee Corp.)  5.25  7/1/30  10,000,000   9,436,800 
Puerto Rico Highways and           
Transportation Authority,           
Highway Revenue (Insured;           
Assured Guaranty Municipal           
Corp.)  6.25  7/1/16  3,000,000   3,356,730 
Puerto Rico Highways and           
Transportation Authority,           
Highway Revenue (Insured;           
National Public Finance           
Guarantee Corp.)  5.50  7/1/13  4,750,000   4,949,738 
Puerto Rico Infrastructure           
Financing Authority, Special           
Tax Revenue (Insured; AMBAC)  5.50  7/1/28  10,200,000   9,706,728 
Puerto Rico Public Buildings           
Authority, Government Facility           
Revenue  5.50  7/1/16  1,500,000   1,567,890 
Puerto Rico Sales Tax Financing           

 

 

Corporation, Sales Tax Revenue           
(First Subordinate Series)  5.38  8/1/39  5,000,000   4,627,100 
Puerto Rico Sales Tax Financing           
Corporation, Sales Tax Revenue           
(First Subordinate Series)  6.38  8/1/39  4,500,000   4,670,280 
Puerto Rico Sales Tax Financing           
Corporation, Sales Tax Revenue           
(First Subordinate Series)  6.00  8/1/42  7,500,000   7,499,550 
University of Puerto Rico,           
University System Revenue  5.00  6/1/23  10,000,000   9,499,400 
Virgin Islands Public Finance           
Authority, Revenue  7.30  10/1/18  2,840,000   3,469,912 
Virgin Islands Public Finance           
Authority, Revenue (Virgin           
Islands Matching Fund Loan           
Notes)  5.00  10/1/25  5,000,000   4,768,050 
Total Long-Term Municipal Investments           
(cost $1,162,340,500)          1,144,634,734 
Short-Term Municipal  Coupon  Maturity  Principal    
Investments--.1%  Rate (%)  Date  Amount ($)   Value ($) 
California;           
California,           
Economic Recovery Bonds (LOC;           
JPMorgan Chase Bank)  0.20  3/1/11  200,000 e  200,000 
California,           
GO Notes           
(Kindergarten-University)           
(LOC: California State           
Teachers Retirement System and           
Citibank NA)  0.25  3/1/11  700,000 e  700,000 
Total Short-Term Municipal Investments           
(cost $900,000)          900,000 
Total Investments (cost $1,163,240,500)      98.9 %  1,145,534,734 
Cash and Receivables (Net)      1.1 %  12,626,843 
Net Assets      100.0 %  1,158,161,577 

 

a     

These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.

b     

Security exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in

 

 

transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2011, this security had a value of $7,071,750 or 0.6% of net assets.

c     

Security issued with a zero coupon. Income is recognized through the accretion of discount.

d     

Zero coupon until a specified date at which time the stated coupon rate becomes effective until maturity.

e     

Variable rate demand note - rate shown is the interest rate in effect at February 28, 2011. Maturity date represents the next demand date, or the ultimate maturity date if earlier.

At February 28, 2011, the aggregate cost of investment securities for income tax purposes was $1,163,240,500. Net unrealized depreciation on investments was $17,705,766 of which $28,801,026 related to appreciated investment securities and $46,506,792 related to depreciated investment securities.

Summary of Abbreviations     
ABAG  Association of Bay Area Governments  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  BPA  Bond Purchase Agreement 
CIFG  CDC Ixis Financial Guaranty  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 
GAN  Grant Anticipation Notes  GIC  Guaranteed Investment Contract 
GNMA  Government National Mortgage Association  GO  General Obligation 
HR  Hospital Revenue  IDB  Industrial Development Board 
IDC  Industrial Development Corporation  IDR  Industrial Development Revenue 

 

 

LOC  Letter of Credit  LOR  Limited Obligation Revenue 
LR  Lease Revenue  MFHR  Multi-Family Housing Revenue 
MFMR  Multi-Family Mortgage Revenue  PCR  Pollution Control Revenue 
PILOT  Payment in Lieu of Taxes  PUTTERS  Puttable Tax-Exempt Receipts 
RAC  Revenue Anticipation Certificates  RAN  Revenue Anticipation Notes 
RAW  Revenue Anticipation Warrants  RRR  Resources Recovery Revenue 
SAAN  State Aid Anticipation Notes  SBPA  Standby Bond Purchase Agreement 
SFHR  Single Family Housing Revenue  SFMR  Single Family Mortgage Revenue 
SONYMA  State of New York Mortgage Agency  SWDR  Solid Waste Disposal Revenue 
TAN  Tax Anticipation Notes  TAW  Tax Anticipation Warrants 
TRAN  Tax and Revenue Anticipation Notes  XLCA  XL Capital Assurance 

 

 

Various inputs are used in determining the value of the fund's investments relating to fair value measurements.     
These inputs are summarized in the three broad levels listed below.         
 
 
Level 1 - unadjusted quoted prices in active markets for identical investments.       
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds,     
credit risk, etc.).         
Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).     
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing     
in those securities.         
The following is a summary of the inputs used as of February 28, 2011 in valuing the fund's investments:       
 
 
 
  Level 1 - Unadjusted Quoted  Level 2 - Other Significant  Level 3 -Significant   
Assets ($)  Prices  Observable Inputs  Unobservable Inputs  Total 
Investments in Securities:         
Municipal Bonds  -  1,145,534,734  -  1,145,534,734 

 

 

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

Portfolio valuation: Investments in securities are valued each business day by an independent pricing service (the “Service”) approved by the Board of Directors. Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Other investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. Financial futures and options on municipal and U.S.Treasury securities are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on each business day.

The fund adopted the provisions of ASC Topic 815 “Derivatives and Hedging” which requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments and disclosures about credit-risk-related contingent features in derivative agreements. The fund held no derivatives during the period ended February 28, 2011.

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission 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.

 

 

 

 

SIGNATURES

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 PREMIER CALIFORNIA AMT-FREE MUNICIPAL BOND FUND, INC.

-          Dreyfus California AMT-Free Municipal Bond Fund

 

By:       /s/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:

April 26, 2011

 

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.

 

By:       /s/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:

April 26, 2011

 

By:       /s/ James Windels

            James Windels

            Treasurer

 

Date:

April 26, 2011

 

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)