M&A: BNY Mellon Absolute Insight Funds, Inc.

Form Type: N-CSRS

Filing Date: 2024-12-30

Corporate Action: Merger

Type: New

Accession Number: 000163529524000030

Comments: The document pertains to a semi-annual shareholder report for BNY Mellon Core Plus Fund, revealing an important planned reorganization. The Fund's Board has approved an Agreement and Plan of Reorganization between the BNY Mellon U.S Mortgage Fund (the 'Acquired Fund') and BNY Mellon Core Plus Fund (the 'Acquiring Fund'). The plan involves transferring the Acquired Fund's assets to the Acquiring Fund in a tax-free exchange for shares corresponding to the various classes of the Acquiring Fund. It also includes the assumption of the Acquired Fund's liabilities by the Acquiring Fund and indicates that if approved, the reorganization will take place on or about March 28, 2025, subject to shareholder approval in a meeting slated for February 13, 2025. Additionally, the report outlines key fund statistics, advisor agreements pertaining to fee waivers, and emphasizes the necessity for shareholder notification and approval as essential components of the planned changes.

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