- Definitive materials filed by investment companies. (497)
2008年10月9日 - 10:23PM
Edgar (US Regulatory)
October 9, 2008
DREYFUS MONEY MARKET FUNDS
Supplement to Current Prospectus
Each Dreyfus money market fund (each, a Fund) has filed a Guarantee Agreement with the United States Department of the Treasury (the Treasury) to participate in the
Treasurys Temporary Guarantee Program for Money Market Funds (the Program). A Funds participation in the Program is not certain until the Guarantee Agreement is reviewed and accepted by the Treasury, which is expected to take
up to 14 days.
Under the Program, the Treasury will guarantee the share price of
shares of the Fund held by shareholders as of
September 19, 2008
at $1.00 per share if the Fund's net asset value per share falls below $0.995 (a Guarantee Event) and the Fund liquidates. Recovery under the Program
is subject to certain conditions and limitations, including the following:
-
For shareholders of a Fund, the Program provides a guarantee for the lesser of (a) the
number of Fund shares owned by the
shareholder at the close of business on September 19,
2008, or (b) the number of Fund shares owned by the shareholder on the date of a
Guarantee Event.
-
The total amount of coverage available for all participants in the Program is limited to the
amount of funds available under the
Federal Exchange Stabilization Fund at the time of a
Guarantee Event (currently approximately $50 billion).
-
In order to recover, a Guarantee Event must occur during the term of the Program.
Fund shares acquired by investors after September 19, 2008 that increase the number of Fund shares the investor held at the close of business on September 19, 2008 are not eligible for
protection under the Program. In addition, Fund shares acquired by investors who did not hold Fund shares at the close of business on September 19, 2008 are not eligible for protection under the Program.
The Program will be in effect for a three month term expiring on December 18, 2008, after which the Secretary of the Treasury will review the need for, and terms of, the Program. Participation
in the initial three months of the Program requires a payment to the Treasury in the amount of .01% to .015% of the Funds net asset value as of September 19, 2008.This expense will be borne by the Funds without regard to any expense limitation
currently in effect for any Fund.The Secretary may extend the Program through the close of business on September 18, 2009. If the Program is extended, each Fund will consider whether to continue to participate and pay any additional fees.
Please visit www.dreyfus.com for up-to-date information on the Dreyfus money market funds participation in the Program, or for more information on the Program please visit the
Treasurys website at http://www.ustreas.gov, or contact your financial representative.
DRY-MMF-1008
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