Dreyfus Cash Investment Strategies Optimizes Money Market Fund Range

Our commitment to provide money market fund solutions that meet the evolving needs and preferences of our clients.

For nearly 50 years, Dreyfus Cash Investment Strategies has been one of the leading money market investment managers, providing efficient and diverse cash solutions to institutional and retail cash investors around the globe. To continue to provide money market fund solutions that meet the evolving needs and preferences of our clients, we will be optimizing our suite of funds to create a streamlined line-up that includes a simplified pricing structure and enhanced investor eligibility across a number of funds. The enhancements over the next several months will result in:

  • A simplified product offering of 19 funds grouped within three fund families that will provide investment choice across all major asset classes
  • Reduced management fees in four of our retail and one of our institutional funds
  • Broader investor eligibility through lower investment minimums in many of our fund share classes

For additional information on our fund optimization initiative view the below files which include:

  • Press Release: Announcing Dreyfus’ money market fund optimization project
  • Cover Letter: Dreyfus’ fund optimization announcement overview
  • Appendix A: A comprehensive list of fund changes (mergers, liquidations, class conversions and name changes) and their effective dates
  • Appendix B: New fund/share class eligibility requirements and investment minimums
  • Appendix C: Summary of changes to fund management fees and distribution plans

Please note: Some of the fund actions are subject to shareholder approval.

Should you have any questions about this initiative or other matters related to your money market investments, please call our Institutional Services team at 800-346-3621, Monday through Friday from 9:00-5:00 p.m. EST or your Dreyfus Cash Solutions Sales Representative.

Not FDIC Insured. Not Bank Guaranteed. May Lose Value.

Investors should consider the investment objectives, risks, charges, and expenses of a money market fund carefully before investing. To obtain a prospectus, or summary prospectus, if available that contains this and other information about the fund, visit www.dreyfus.com. Investors should read the prospectus carefully before investing.

Retail Prime and Tax-Exempt/Municipal Money Market Funds: You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

Government/Treasury Money Market Funds: You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. Although the fund's board has no current intention to impose a fee upon the sale of shares or temporarily suspend redemptions if the fund's liquidity falls below certain levels, the board reserves the ability to do so after providing at least 60 days prior written notice to shareholders.

Institutional Prime and Tax-Exempt Money Market Funds: You could lose money by investing in a money market fund. Because the share price of the fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

This information has been distributed for informational purposes and should not be construed as investment advice or the recommendation for any particular investment. Please consult a legal, tax or financial professional in order to determine whether an investment product or service is appropriate for a particular situation. No part of this material may be reproduced in any form without express written permission.

BNY Mellon Investment Management is one of the world's leading asset management organizations and one of the top U.S. wealth managers, encompassing BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally.

Dreyfus Cash Investment Strategies is a division of BNY Mellon Investment Adviser, Inc., a registered investment adviser. Dreyfus Cash Solutions is a division of BNY Mellon Securities Corporation, a registered broker dealer and the domestic Funds' distributor. BNY Mellon Investment Adviser, Inc., and BNY Mellon Securities Corporation are companies of The Bank of New York Mellon Corporation.

© 2020 BNY Mellon Securities Corporation, Distributor, 240 Greenwich Street, 9th Floor, New York, NY 10286.

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