Adviser Consolidation

NEW YORK–(BUSINESS WIRE)–The Bank of New York Mellon Corporation intends to consolidate several of its U.S. investment firms (the “Adviser Consolidation”), effective, subject to regulatory requirements, on or about January 1, 2027 (the “Effective Date”). The Adviser Consolidation will be effected via corporate mergers, with the surviving consolidated firm to be named “BNY Investments Corporation.” BNY Mellon Investment Adviser, Inc. (“BNYIA”), the Fund’s investment adviser, is involved in the

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