How
to Sell Shares
You
may sell (redeem) shares at any time.
Your shares will be sold at the next NAV calculated after
your order is received in proper form by the fund's transfer agent or other authorized entity. Any certificates
representing fund shares being sold must be returned with your redemption request. Your order will be
processed promptly and you will generally receive the proceeds within a week.
To keep
your CDSC as low as possible, each time you request to sell shares we will first sell shares that are
not subject to a CDSC, and then those subject to the lowest charge. The CDSC is based on the lesser
of the original purchase cost or the current market value of the shares being sold, and is not charged
on fund shares you acquired by reinvesting your fund dividends. As described above in this prospectus,
there are certain instances when you may qualify to have the CDSC waived. Consult your financial representative
or refer to the SAI for additional details.
Before selling or writing a check against shares
recently purchased by check, Dreyfus TeleTransfer or Automatic Asset Builder, please note that:
·
if
you send a written request to sell such shares, the fund may delay sending the proceeds for up to eight
business days following the purchase of those shares
·
the fund
will not honor redemption checks, or process wire, telephone, online or Dreyfus TeleTransfer redemption
requests, for up to eight business days following the purchase of those shares
By Mail.
To redeem shares in a regular
account by mail, send a letter of instruction that includes your name, your account number, the name
of the fund, the share class, the dollar amount to be redeemed and how and where to send the proceeds.
Mail your request to the appropriate address below.
Mailing Address.
If you invested directly through the fund,
mail to:
Dreyfus Shareholder Services
P.O. Box 9879
Providence, Rhode Island 02940-8079
If
you invested through a third party, such as a bank, broker-dealer or financial adviser, mail to:
Dreyfus
Institutional Department
P.O. Box 9882
Providence, Rhode Island 02940-8082
A medallion
signature guarantee is required for some written sell orders. These include:
·
amounts
of $10,000 or more on accounts whose address has been changed within the last 30 days
·
requests
to send the proceeds to a different payee or address
·
amounts
of $100,000 or more
A medallion signature guarantee helps protect against fraud. You
can obtain one from most banks or securities dealers, but not from a notary public. For joint accounts,
each signature must be guaranteed. Please call to ensure that your medallion signature guarantee will
be processed correctly.
Telephone or Online.
To sell shares in a regular account, call Dreyfus at 1-800-DREYFUS
(inside the U.S. only) or visit
www.dreyfus.com
to request your transaction.
A check
will be mailed to your address of record or you may request a wire or electronic check (Dreyfus TeleTransfer).
For wires or Dreyfus TeleTransfer, be sure that the fund has your bank account information on file.
Proceeds will be wired or sent by electronic check to your bank account.
You may
speak to a Dreyfus representative to request that redemption proceeds be paid by check and mailed to
your address of record (maximum $250,000 per day). You may request that redemption proceeds be sent
to your bank by wire (minimum $1,000) or by Dreyfus TeleTransfer (minimum $500). There is a $100,000
per day limit on requests for redemption by check, wire and Dreyfus TeleTransfer, made online or through
the Dreyfus Express
®
automated account access system.
Automatically.
You may sell shares in a regular account
by calling 1-800-DREYFUS (inside the U.S. only) for instructions on how to establish the Dreyfus Automatic
Withdrawal Plan.
In Person.
Visit a Dreyfus Financial Center. Please call us for locations.
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