Dreyfus NY Muni MMF Liquidating
A Prospectus Supplement filing for the Dreyfus New York Municipal Money Market Fund tells us, "The Board of Trustees of General New York Municipal Money Market Fund has approved the liquidation of Dreyfus New York Municipal Money Market Fund, a series of the Trust, effective on or about October 28, 2024. Before the Liquidation Date, and at the discretion of Fund management, the Fund's portfolio securities will be sold and/or allowed to mature in their normal course and the Fund may cease to pursue its investment objective and policies. The liquidation of the Fund may result in one or more taxable events for shareholders subject to federal income tax." It continues, "Accordingly, effective on or about September 18, 2024, the Fund will be closed to any investments for new accounts, except that new accounts may be established for "sweep accounts" and by participants in group retirement plans (and their successor plans), if the Fund is established as an investment option under the plans before the Closing Date. The Fund will continue to accept subsequent investments until the Liquidation Date, except that subsequent investments made by check or pursuant to TeleTransfer or Automatic Asset Builder no longer will be accepted after October 18, 2024. However, subsequent investments by retirement accounts sponsored by BNY Mellon Investment Adviser, Inc. or its affiliates pursuant to TeleTransfer or Automatic Asset Builder (but not by check) will be accepted after October 18, 2024. Please note that checks presented for payment to the Fund's transfer agent pursuant to the Fund's Checkwriting Privilege on or after the Liquidation Date will not be honored." For more, see our Jan. 26, 2024 News, "More Municipal MMF Liquidations."
