0000030167-17-000037.txt : 20170728 0000030167-17-000037.hdr.sgml : 20170728 20170728090100 ACCESSION NUMBER: 0000030167-17-000037 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170531 FILED AS OF DATE: 20170728 DATE AS OF CHANGE: 20170728 EFFECTIVENESS DATE: 20170728 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Dreyfus Sustainable U.S. Equity Fund, Inc. CENTRAL INDEX KEY: 0000030167 IRS NUMBER: 132691318 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-02192 FILM NUMBER: 17987998 BUSINESS ADDRESS: STREET 1: THE DREYFUS CORPORATION STREET 2: 200 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10166 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O DREYFUS CORP STREET 2: 200 PARK AVENUE, 7TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10166 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS THIRD CENTURY FUND, INC DATE OF NAME CHANGE: 20161220 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS THIRD CENTURY FUND INC DATE OF NAME CHANGE: 20081201 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS PREMIER THIRD CENTURY FUND INC DATE OF NAME CHANGE: 20020517 0000030167 S000000095 The Dreyfus Sustainable U.S. Equity Fund, Inc. C000000149 Class A DTCAX C000000151 Class C DTCCX C000000152 Class I DRTCX C000000154 Class Z DRTHX C000174003 Class Y DTCYX C000187807 Class T DRTTX NSAR-B 1 answer.fil FORM N-SAR PAGE 1 000 B000000 05/31/2017 000 C000000 0000030167 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 U 001 A000000 THE DREYFUS SUSTAINABLE U.S. EQUITY FUND,INC. 001 B000000 811-02192 001 C000000 4122367700 002 A000000 200 PARK AVENUE 002 B000000 NEW YORK 002 C000000 NY 002 D010000 10166 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 018 000000 Y 019 A000000 Y 019 B000000 135 019 C000000 DREYFUSFAM 020 A000001 J.P. MORGAN SECURITIES LLC 020 B000001 13-3299429 020 C000001 34 020 A000002 BARCLAYS CAPITAL INC. 020 B000002 06-1031656 020 C000002 17 020 A000003 SANFORD C. 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CO. OF PITTSBURGH,PA 080 B000000 FEDERAL INSURANCE C0. 080 C000000 100000 081 A000000 Y 081 B000000 160 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N SIGNATURE MAUREEN KANE TITLE VP & ASST SECRETARY EX-99.77B ACCT LTTR 2 item77b03572017.htm ITEM 77B item77b03572017.htm - Generated by SEC Publisher for SEC Filing

 

 

 

 

 

Report of Independent Registered Public Accounting Firm

 

 

To the Shareholders and Board of Directors of

The Dreyfus Sustainable U.S. Equity Fund, Inc.

 

In planning and performing our audit of the financial statements of The Dreyfus Sustainable U.S. Equity Fund, Inc. (formerly, The Dreyfus Third Century Fund, Inc.) (the “Company”) as of and for the year ended May 31, 2017, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Company’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. 

 

The management of the Company is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

 

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

 

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

 

Our consideration of the Company’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Company’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of May 31, 2017.

 

This report is intended solely for the information and use of management and the Board of Directors of The Dreyfus Sustainable U.S. Equity Fund, Inc. and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

 

 

/s/ ERNST & YOUNG LLP

 

 

New York, New York

July 27, 2017

 EX-99.77C VOTES 3 item77c035-72017.htm ITEM 77C item77c035-72017.htm - Generated by SEC Publisher for SEC Filing

Item 77C

Matters submitted to a vote of security holders

A special meeting of shareholders (the "Meeting") of The Dreyfus Third Century Fund, Inc. (the "Fund"), now known as The Dreyfus Sustainable U.S. Equity Fund, Inc., was held on March 9, 2017. Out of a total of 24,293,879 Fund shares ("Shares") entitled to vote at the Meeting, 15,229,889 were represented at the Meeting, in person or by proxy. The proposals considered at the meeting and the results were as follows:

 

 

 

Shares

 

 

 

For

Against

Abstain

1A

To approve removing the fund's current fundamental social investment policy and related fundamental social considerations regarding its investment strategy.

 

11,096,634

3,431,199

702,057

1B

To approve a sub-investment advisory agreement between Dreyfus and Newton Investment Management (North America) Limited with respect to the fund.

 

11,343,073

2,656,314

1,230,503

2A

To approve changing the fund's investment objective.

 

11,165,607

3,312,619

751,664

3A

To approve the implementation of a "manager of managers" arrangement whereby Dreyfus, under certain circumstances, would be able to hire and replace fund sub-advisers that are either unaffiliated with Dreyfus or are wholly-owned subsidiaries of Dreyfus' ultimate parent company, the Bank of New York Mellon Corporation ("BNY Mellon"), without obtaining shareholder approval.

 

10,480,438

3,563,313

1,186,138

3B

To approve the implementation of a "manager of managers" arrangement whereby Dreyfus, under certain circumstances, and subject to the Securities and Exchange Commission's issuance of an exemptive order to the fund and Dreyfus, would be able to hire and replace fund sub-advisers that are either unaffiliated or affiliated with Dreyfus (whether or not wholly-owned subsidiaries of BNY Mellon) without obtaining shareholder approval.

 

10,577,918

3,436,097

1,215,874

4A

To approve changing a fundamental investment restriction regarding investing in commodities, real estate, oil and gas, including adopting a separate fundamental investment restriction regarding investing in physical commodities and certain derivative instruments.

 

10,837,370

3,546,415

846,105

4B

To approve changing fundamental investment restrictions regarding issuer diversification.

 

11,100,691

3,060,293

1,068,905

4C

To approve changing a fundamental investment restriction regarding industry concentration.

 

11,125,922

3,190,590

913,377

4D

To approve changing a fundamental investment restriction on margin, including changing it to a non-fundamental policy.

 

10,788,198

3,361,425

1,080,266

4E

To approve removing a fundamental investment restriction regarding short sales and certain derivative transactions.

 

10,576,957

3,636,798

1,016,134

4F

To approve changing a fundamental investment restriction regarding underwriting the securities of other issuers.

 

10,693,247

3,451,162

1,085,480

4G

To approve changing a fundamental investment restriction regarding investing in companies for the purpose of exercising control to a non-fundamental policy.

 

10,906,186

3,195,061

1,128,642

4H

To approve removing a fundamental investment restriction regarding companies with limited operations.

 

10,916,430

3,151,399

1,162,061

4I

To approve removing fundamental investment restrictions regarding investments in securities where affiliated persons are involved.

 

10,465,875

3,698,561

1,065,454

4J

To approve removing a fundamental investment restriction regarding warrants.

 

10,607,148

3,394,068

1,228,673

 

 

 

 

The Meeting was adjourned with respect to consideration of the below proposal until March 16, 2017, on which date a special meeting of shareholders of the Fund was held (the "March 16th Meeting"). Out of a total of 24,293,879 Shares entitled to vote at the March 16th Meeting, 15,509,163 were represented at the March 16th Meeting, in person or by proxy. The proposal considered at the meeting and the result were as follows:

 

 

 

Shares

 

 

 

For

Against

Abstain

2B

To approve changing the fund's investment objective from a fundamental policy to a non-fundamental policy.

 

10,426,486

4,133,203

949,473