The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Dreyfus Combines Two Funds and Liquidates a Third Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 13, 2011

Dreyfus Combines Two Funds and Liquidates a Third

Reported by Neil Anderson, Managing Editor

Dreyfus [see profile] is about to shut down two of its large cap mutual funds.

Patrice Kozlowski, a spokeswoman for Dreyfus, told The MFWire that the fund firm "continually reviews its lineup of funds in the Dreyfus Family of Funds to identify opportunities in the best interests of its shareholders."

Today the BNY Mellon subsidiary filed to merge the 11-year-old, $82.4-million Dreyfus Large Value Fund (Morningstar gives its 80-basis-point I shares three stars) into the 15-year-old, $878.4-million Dreyfus Strategic Value Fund (three stars for its 108-bps A shares) on November 21, pending shareholder approval at a special meeting on August 11 [see filing]. The Large Value Fund will close to most new investors on May 2.

In the same filing, Dreyfus also revealed plans to liquidate the 21-month-old, $566,202 Dreyfus Diversified Global Fund (A shares for 175 bps) on June 22. The fund will close to most investors on May 2. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use