M&A - BNY Mellon Investment Funds IV, Inc.

Form Type: 497

Filing Date: 2025-02-28

Corporate Action: Merger

Type: New

Accession Number: 000081994025000009

Filing Summary: The Board of Directors of BNY Mellon Investment Funds IV, Inc., on behalf of BNY Mellon Tax Managed Growth Fund, has approved an Agreement and Plan of Reorganization with BNY Mellon ETF Trust II for the conversion of the Fund into an exchange-traded fund (ETF). The Reorganization is expected to be completed on March 28, 2025, where the Fund will transfer its assets to the Acquiring ETF and its shareholders will receive shares of the Acquiring ETF, cash, or Wealth shares of Dreyfus Government Cash Management. The BNY Mellon ETF Investment Adviser will manage the Acquiring ETF with a lower management fee and total expense ratio compared to the Fund. The transition will affect shareholders based on whether their accounts can hold ETF shares, leading to cash or Wealth shares for those held in non-qualifying accounts. The Reorganization aims to enhance investment goals, provide increased portfolio transparency, tax efficiency, and the ability to trade shares throughout the day. The Fund will cease operations and be terminated post-Reorganization. Shareholders are advised to consult tax advisors regarding the implications of this transition on their investments.

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