Liquidation: BNY Mellon Investment Funds I

Form Type: DEF 14A

Filing Date: 2025-04-03

Corporate Action: Liquidation

Type: New

Accession Number: 000206159025000035

Filing Summary: A special meeting of shareholders of BNY Mellon Small Cap Growth Fund, a series of BNY Mellon Investment Funds I, is scheduled for May 28, 2025, to vote on the approval of the Fund's liquidation and termination due to its low asset size of less than $10 million as of December 31, 2024. The management determined that the Fund's limited growth potential and high operating expenses warranted liquidation as being in the shareholders' best interests. If approved, assets will be liquidated, proceeds distributed pro rata to shareholders around September 19, 2025, and the Fund will cease operations. Shareholders will not physically attend the meeting but can vote virtually or through various other methods. The proposal requires majority approval from shareholders. The Board recommends voting 'FOR' the liquidation based on considerations such as inefficient asset operations and costs linked to maintaining a low asset fund, stating a merger was less favorable than liquidation.

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Form Type: PRE 14A

Filing Date: 2025-03-13

Corporate Action: Liquidation

Type: New

Accession Number: 000113743925000191

Filing Summary: BNY Mellon Investment Funds I has filed a preliminary proxy statement seeking shareholder approval for the liquidation and termination of the BNY Mellon Small Cap Growth Fund due to its low asset level, which is under $10 million. The Fund has been struggling with high operating expenses and limited growth potential. Following a careful evaluation, the Trust’s Board endorsed the liquidation plan, which requires shareholder approval and aims to distribute remaining assets after satisfying liabilities to shareholders pro rata. The special meeting for this vote is scheduled for May 28, 2025. If approved, the Fund’s assets will be converted to cash, and distributions will occur around September 19, 2025, at which point the Fund will cease operations. Shareholders of record as of March 31, 2025, will be entitled to vote. The document details the voting process, methods of participation, and the importance of shareholder votes. It emphasizes the necessity of approval for proceeding with the liquidation, highlighting the potential increases in operating costs should the liquidation not be approved.

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Form Type: 497

Filing Date: 2025-02-28

Corporate Action: Liquidation

Type: New

Accession Number: 000079929525000014

Filing Summary: The Board of Trustees of BNY Mellon Investment Funds I has approved a Plan of Liquidation and Dissolution for the BNY Mellon Small Cap Growth Fund, subject to shareholder approval. This Plan includes the liquidation of the Fund's assets and the pro rata distribution of the proceeds to shareholders, along with the winding up of the Fund's affairs. Shareholders as of March 31, 2025, will vote on this Plan at a special meeting scheduled for around May 28, 2025. If approved, liquidations will occur around September 19, 2025. From April 7, 2025, the Fund will no longer accept new investments, with certain exceptions for group retirement plans. Shareholders may be subject to taxable events due to the liquidation, and shares held on the liquidation date will be exchanged for Wealth shares of Dreyfus Government Cash Management. A Proxy Statement outlining the proposed liquidations will be sent to shareholders before the meeting.

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