0000899681-16-001007.txt : 20160121 0000899681-16-001007.hdr.sgml : 20160121 20160121113107 ACCESSION NUMBER: 0000899681-16-001007 CONFORMED SUBMISSION TYPE: POS EX PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20160121 DATE AS OF CHANGE: 20160121 EFFECTIVENESS DATE: 20160121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DREYFUS MUNICIPAL BOND OPPORTUNITY FUND CENTRAL INDEX KEY: 0000797923 IRS NUMBER: 000000000 STATE OF INCORPORATION: NY FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: POS EX SEC ACT: 1933 Act SEC FILE NUMBER: 033-07496 FILM NUMBER: 161352819 BUSINESS ADDRESS: STREET 1: 200 PARK AVENUE STREET 2: THE DREYFUS CORPORATION CITY: NEW YORK STATE: NY ZIP: 10166 BUSINESS PHONE: 2129226840 MAIL ADDRESS: STREET 1: C/O DREYFUS CORP STREET 2: 200 PARK AVENUE, 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10166 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS PREMIER MUNICIPAL BOND FUND DATE OF NAME CHANGE: 19970605 FORMER COMPANY: FORMER CONFORMED NAME: PREMIER MUNICIPAL BOND FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PREMIER TAX EXEMPT BOND FUND DATE OF NAME CHANGE: 19900916 POS EX 1 p16-0052_posex.htm POST-EFFECTIVE AMENDMENT NO. 50 Unassociated Document
File No. 33-7496
811-4764

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933              [X]

Pre-Effective Amendment No.                                                            [__]

Post-Effective Amendment No. 50                                                                                  [X]

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [X]

Amendment No. 50                                                                                                             [X]

(Check appropriate box or boxes.)

Dreyfus Municipal Bond Opportunity Fund
(Exact Name of Registrant as Specified in Charter)

c/o The Dreyfus Corporation
200 Park Avenue, New York, New York  10166
(Address of Principal Executive Offices)  (Zip Code)

Registrant's Telephone Number, including Area Code: (212) 922-6000

Bennett A. MacDougall, Esq.
200 Park Avenue
New York, New York 10166
(Name and Address of Agent for Service)
 
Copy To:
 
David Stephens, Esq.
Stroock & Stroock & Lavan LLP
180 Maiden Lane
New York, New York 10038
 

 
It is proposed that this filing will become effective immediately upon filing pursuant to Rule 462(d).
 
 
Explanatory Note
 
 
This Post-Effective Amendment consists of the following:
 
 
1. Facing Sheet of the Registration Statement.
 
 
2. Part C to the Registration Statement (including signature page).
 
 
3. Exhibits (n)(i) and (n)(ii) to Item 28 to the Registration Statement.
 
 
This Post-Effective Amendment is being filed solely to file the Rule 18f-3 Plans as Exhibits (n)(i) and (n)(ii) to Item 28 to this Registration Statement on Form N-1A.
 
 
Part A of the Registration Statement was filed on August 27, 2015 pursuant to Rule 485(b) under the Securities Act of 1933 and is incorporated by reference herein; and
 
Part B of the Registration Statement was filed on November 12, 2015 pursuant to Rule 497(e) under the Securities Act of 1933 and is incorporated by reference herein.
 

 
DREYFUS MUNICIPAL BOND OPPORTUNITY FUND
PART C. OTHER INFORMATION

 
Item 28                      Exhibits
 
 
(a)(i)
Registrant's Amended and Restated Agreement and Declaration of Trust is incorporated by reference to Exhibit (1) of Post-Effective Amendment No. 13 to the Registration Statement on Form N-1A, filed on July 12, 1995 ("Post-Effective Amendment No. 13"), and Exhibit (1)(b) of Post-Effective Amendment No. 18 to the Registration Statement on Form N-1A, filed on August 13, 1997.
 
(a)(ii)
Articles of Amendment are incorporated by reference to Exhibit (a)(ii) of Post-Effective Amendment No. 35 to the Registration Statement on Form N-1A, filed on August 27, 2009.
 
(b)
Registrant's By-Laws are incorporated by reference to Exhibit (b) of Post-Effective Amendment No. 39 to the Registration Statement on Form N-lA, filed on August 26, 2011 ("Post-Effective Amendment No. 39").
 
(d)
Management Agreement is incorporated by reference to Exhibit (5) of Post-Effective Amendment No. 13.
 
(e)(i)
Distribution Agreement is incorporated by reference to Exhibit (e)(i) of Post-Effective Amendment No. 39.
 
(e)(ii)
Forms of Service Agreements are incorporated by reference to Exhibit (e)(ii) of Post-Effective Amendment No. 48 to the Registration Statement on Form N-1A, filed on August 27, 2015 ("Post-Effective Amendment No. 48").
 
(e)(iii)
Forms of Supplemental Sales Agreement are incorporated by reference to Exhibit (e)(iii) of Post-Effective Amendment No. 32 to the Registration Statement on Form N-1A, filed on March 2, 2007.
 
(g)(i)
Custody Agreement is incorporated by reference to Exhibit (g) of Post-Effective Amendment No. 39.
 
(g)(ii)
Amendment to Custody Agreement is incorporated by reference to Exhibit (g)(ii) of Post-Effective Amendment No. 46 to the Registration Statement on Form N-1A, filed on August 27, 2014.
 
(h)(i)
Shareholder Services Plan is incorporated by reference to Exhibit (h) of Post-Effective Amendment No. 26 to the Registration Statement on Form N-1A, filed on March 9, 2004 ("Post-Effective Amendment No. 26").
 
(h)(ii)
Transfer Agency Agreement is incorporated by reference to Exhibit (h)(ii) of Post-Effective Amendment No. 42 to the Registration Statement on Form N-1A, filed on August 28, 2012.
 
(i)
Opinion and consent of Registrant's counsel is incorporated by reference to Exhibit (10) of Post-Effective Amendment No. 13.
 
(j)
Consent of Independent Registered Public Accounting Firm is incorporated by reference to Exhibit (j) of Post-Effective Amendment No. 48.
 
(m)
Rule 12b-1 Distribution Plan is incorporated by reference to Exhibit (m) of Post-Effective Amendment No. 26.
 
(n)(i)
Rule 18f-3 Plan, amended as of November 13, 2015.*
 
(n)(2)
Rule 18f-3 Plan, effective as of February 1, 2016.*
 
(p)(i)
Code of Ethics adopted by Registrant, Registrant's Adviser & Registrant's Distributor Firm is incorporated by reference to Exhibit (p)(i) of Post-Effective Amendment No. 48.
 
(p)(ii)
Code of Ethics of the Nonmanagement Board Members of the Dreyfus Family of Funds is incorporated by reference to Exhibit (p)(ii) of Post- Effective Amendment No. 36 to the Registration Statement on Form N-1A, filed on June 24, 2010  ("Post-Effective Amendment No. 36").
 
__________________
 
*Filed herewith.
 

 
Other Exhibits
 
 
(a)
Power of Attorney of certain Board Members and Officers of Registrant, dated February 18, 2015 Firm is incorporated by reference to Other Exhibit (a) of Post-Effective Amendment No. 48.
 
 
Item 29                            Persons Controlled by or under Common Control with Registrant
 
Not applicable.
 
 
Item 30                      Indemnification
 
 
The Registrant’s charter documents set forth the circumstances under which indemnification shall be provided to any past or present Board member or officer of the Registrant.  The Registrant also has entered into a separate agreement with each of its Board members that describes the conditions and manner in which the Registrant indemnifies each of its Board members against all liabilities incurred by them (including attorneys’ fees and other litigation expenses, settlements, fines and penalties), or which may be threatened against them, as a result of being or having been a Board member of the Registrant.  These indemnification provisions are subject to applicable state law and to the limitation under the Investment Company Act of 1940, as amended, that no board member or officer of a fund may be protected against liability for willful misfeasance, bad faith, gross negligence or reckless disregard for the duties of his or her office.
 
Reference is made to Article VIII of the Registrant's Amended and Restated Declaration of Trust incorporated by reference to Exhibit (1) of Post-Effective Amendment No. 13.  The application of these provisions is limited by Article 10 of the Registrant's By-Laws incorporated by reference to Exhibit (b) of Post-Effective Amendment No. 39, and by the following undertaking set forth in the rules promulgated by the Securities and Exchange Commission (the "SEC"):
 
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to trustees, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in such Act and is, therefore, unenforceable.  In the event that a claim for indemnification is against such liabilities (other than the payment by the registrant of expenses incurred or paid by a trustee, officer or controlling person of the registrant in the successful defense of any such action, suit or proceeding) is asserted by such trustee, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in such Act and will be governed by the final adjudication of such issue.
 
Reference is also made to Section 1.10 of the Distribution Agreement incorporated by reference to Exhibit (e)(i) of Post-Effective Amendment No. 39.
 
 
Item 31                   Business and Other Connections of Investment Adviser
 
 
The Dreyfus Corporation ("Dreyfus") and subsidiary companies comprise a financial service organization whose business consists primarily of providing investment management services as the investment adviser, manager and distributor for sponsored investment companies registered under the Investment Company Act of 1940 and as an investment adviser to institutional and individual accounts.  Dreyfus also serves as sub-investment adviser to and/or administrator of other investment companies. MBSC Securities Corporation, a wholly-owned subsidiary of Dreyfus, serves primarily as a registered broker-dealer of shares of investment companies sponsored by Dreyfus and of other investment companies for which Dreyfus acts as investment adviser, sub-investment adviser or administrator.
 
Item 31.                  Business and Other Connections of Investment Adviser (continued)
 
Officers and Directors of Investment Adviser
 
Name and Position
With Dreyfus
Other Businesses
Position Held
Dates
       
J. Charles Cardona
President and Director
MBSC Securities Corporation++
Director
Executive Vice President
6/07 – Present
6/07 – 3/15
       
   
Chairman
2/13 - Present
       
 
BNY Mellon Liquidity Funds plc+
Director
4/06 - Present
       
Diane P. Durnin
Vice Chair and Director
MBSC Securities Corporation++
Executive Vice President
3/15 - Present
       
Bradley J. Skapyak
Chief Operating Officer and Director
MBSC Securities Corporation++
Executive Vice President
 
6/07 - Present
 
The Bank of New York Mellon***
Senior Vice President
4/07 - Present
       
 
The Dreyfus Family of Funds++
President
1/10 - Present
       
 
Dreyfus Transfer, Inc. ++
Chairman
Director
5/11 - Present
5/10 - Present
       
       
Joseph W. Connolly
Chief Compliance Officer
The Dreyfus Family of Funds++
 
Chief Compliance Officer
10/04 - Present
 
BNY Mellon Funds Trust++
 
Chief Compliance Officer
10/04 - Present
 
MBSC Securities Corporation++
Chief Compliance Officer
6/07 – Present
       
Christopher O'Connor
Chief Administrative Officer
MBSC Securities Corporation++
Director
3/12 – 3/15
       
   
Executive Vice President
12/11 – Present
       
Bennett A. MacDougall
Chief Legal Officer
The Bank of New York
Mellon Corporation ++
Associate General Counsel
6/15 - Present
       
 
Deutsche Bank
60 Wall Street
New York, NY 10005
Director and Associate General Counsel
6/05 - 6/15
       
 
Deutsche Investment Management Americas, Inc.
345 Park Avenue
New York, NY 10154
Chief Legal Officer
11/08 - 6/15
       
Kim Mustin
Executive Vice President – North American Distribution
MBSC Securities Corporation++
Chief Executive Officer
3/15 - Present
 
MBSC Securities Corporation++
Director
10/14 - Present
       
 
MBSC Securities Corporation++
Executive Vice President
10/14 - 3/15
       
 
BNY Mellon Investments CTA, LLC*
Manager
3/15 - Present
       
 
BNY Mellon Investments CTA, LLC*
President
3/15 - Present
       
Charles Doumar
Vice President – Tax
Alcentra NY LLC ++
Assistant Treasurer - Tax
9-14 - Present
 
Alcentra US. Inc. ††††
Assistant Treasurer - Tax
9-14 - Present
       
 
Alternative Holdings I, LLC ***
Assistant Treasurer - Tax
1/14 - Present
       
 
Alternative Holdings II, LLC ***
Assistant Treasurer - Tax
1/14 - Present
       
 
Asset Recovery II, LLC ***
Assistant Treasurer
9/13 – Present
       
 
Asset Recovery III, LLC ***
Assistant Treasurer
9/13 – 3/15
       
 
Asset Recovery IV, LLC ***
Assistant Treasurer
9/13 – Present
       
 
Asset Recovery V, LLC ***
Assistant Treasurer
9/13 – Present
       
 
Asset Recovery VII, LLC ***
Assistant Treasurer
9/13 – 3/15
       
 
Asset Recovery IX, LLC ***
Assistant Treasurer
3/14 – 3/15
       
 
Asset Recovery X, LLC ***
Assistant Treasurer
3/14 – 3/15
       
 
Asset Recovery XIII, LLC ***
Assistant Treasurer
3/13 – Present
       
 
Asset Recovery XIV, LLC ***
Assistant Treasurer
3/13 – Present
       
 
Asset Recovery XIX, LLC ***
Assistant Treasurer
7/13 – Present
       
 
Asset Recovery XV, LLC ***
Assistant Treasurer
3/13 – 3/15
       
 
Asset Recovery XVI, LLC ***
Assistant Treasurer
3/13 – Present
       
 
Asset Recovery XVII, LLC ***
Assistant Treasurer
3/13 – 3/15
       
 
Asset Recovery XVIII, LLC ***
Assistant Treasurer
7/13 – 3/15
       
 
Asset Recovery XX, LLC ***
Assistant Treasurer
7/13 – Present
       
 
Asset Recovery XXI, LLC ***
Assistant Treasurer
7/13 – 3/15
       
 
Asset Recovery XXII, LLC ***
Assistant Treasurer
7/13 – Present
       
 
Asset Recovery XXIII, LLC ***
Assistant Treasurer
7/13 – Present
       
 
BNY Alcentra Group Holdings, Inc. ††††††
Assistant Treasurer - Tax
3/13 - Present
       
 
BNY Capital Funding LLC ***
Assistant Treasurer – Tax
9/13 - Present
       
 
BNY Investment Strategy and Solutions Group, LLC *
Assistant Treasurer – Tax
6/15 - Present
       
 
BNY Mellon Community Development Corporation ^^^^^
Assistant Treasurer – Tax
10/13 - Present
       
 
BNY Mellon Distributors Holdings Inc. #
Assistant Treasurer – Tax
6/14 – Present
       
 
BNY Mellon Investments CTA, LLC *
Assistant Treasurer
9/13 – Present
       
 
BNY Mellon Investment Servicing (US) Inc. +
Assistant Treasurer
3/14 – Present
       
 
BNY Mellon Investment Servicing Trust Company #
Assistant Treasurer
3/14 – Present
       
 
BNY Mellon Trust of Delaware#
Assistant Treasurer
11/13 – Present
       
 
IVY Asset Management LLC +
Assistant Treasurer
9/13 – Present
       
 
Mellon Hedge Advisors, LLC *
Assistant Treasurer
10/13 – Present
       
 
MUNB Loan Holdings, LLC***
Assistant Treasurer
10/13 – Present
       
 
484Wall Capital Management LLC ***
Assistant Treasurer – Tax
10/13 – Present
       
 
Airlease Incorporated †††
Assistant Treasurer – Tax
7/13 – Present
       
 
Albridge Solutions, Inc. ††††
Assistant Treasurer – Tax
7/13 – Present
       
 
Allomon Corporation †
Assistant Treasurer – Tax
5/13 – Present
       
 
AP Residential Realty, Inc. †††††
Assistant Treasurer – Tax
8/13 – Present
       
 
APT Holdings Corporation #
Assistant Treasurer – Tax
11/13 – Present
       
 
AURORA-IRE, Inc. †††
Assistant Treasurer – Tax
7/13 – Present
       
 
B.I.E. Corporation +
Assistant Treasurer – Tax
12/13 – Present
       
 
B.N.Y. Holdings (Delaware) Corporation #
Assistant Treasurer – Tax
4/13 – Present
       
 
BNY Capital Corporation ***
Assistant Treasurer – Tax
9/13 – Present
       
 
BNY Capital Markets Holdings, Inc. ***
Assistant Treasurer – Tax
9/13 – Present
       
 
BNY Capital Resources Corporation #######
Assistant Treasurer – Tax
3/13 – Present
       
 
BNY Cargo Holdings LLC***
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Catair LLC †††
Assistant Treasurer – Tax
7/13 – Present
       
 
BNYM CSIM Funding LLC +++
Assistant Treasurer – Tax
7/14 – Present
       
 
BNY Falcon Three Holding Corp. ***
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Foreign Holdings, Inc. ***
Assistant Treasurer – Tax
10/13 – Present
       
 
BNY Gator LLC ***
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Hitchcock Holdings LLC ***
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Housing I Corp. †††
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Housing II LLC ***
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY ITC Leasing, LLC ***
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Lease Equities (Cap Funding) LLC ########
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Lease Holdings LLC ***
Assistant Treasurer – Tax
7/13 – Present
 
 
    
 
BNY Lease Partners LLC ***
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Leasing Edge Corporation ***
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Mellon Alternative Investments Holdings LLC ***
Assistant Treasurer – Tax
10/13 – Present
       
 
BNY Mellon Capital Markets, LLC ^^^^^
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Mellon Clearing Holding Company, LLC ***
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Mellon Fixed Income Securities, LLC ***
Assistant Treasurer – Tax
8/13 – Present
       
 
BNY Mellon Trust Company of Illinois *****
Assistant Treasurer – Tax
3/13 – Present
       
 
BNY Mezzanine Funding LLC ******
Assistant Treasurer – Tax
5/13 – Present
       
 
BNY Mezzanine Holdings LLC ******
Assistant Treasurer – Tax
5/13 – Present
       
 
BNY Mezzanine Non NY Funding
LLC ******
Assistant Treasurer – Tax
5/13 – Present
       
 
BNY Mezzanine NY Funding LLC ******
Assistant Treasurer – Tax
5/13 – Present
       
 
BNY Partnership Funding LLC ***
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Partnership Funding LLC ***
Manager
11/14 – 6/15
       
 
BNY Rail Maintenance LLC ***
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Recap I, LLC #
Assistant Treasurer – Tax
9/13 – Present
       
 
BNY Salvage Inc. ***
Assistant Treasurer – Tax
3/13 – Present
       
 
BNY Waterworks, Inc. †††
Assistant Treasurer – Tax
7/13 – Present
       
 
BNY Wings, Inc. †††
Assistant Treasurer – Tax
7/13 – Present
       
 
BNYM GIS Funding I LLC ***
Assistant Treasurer – Tax
6/13 – Present
       
 
BNYM GIS Funding III LLC ***
Assistant Treasurer – Tax
6/13 – Present
       
 
Amherst Capital Management, LLC ***
Assistant Treasurer – Tax
11/14 – Present
       
 
BNYM RECAP Holdings, LLC ***
Assistant Treasurer – Tax
11/14 – Present
       
 
BNY-N.J. I Corp. ***
Assistant Treasurer – Tax
4/13 – Present
       
 
BNY-N.J. II Corp. ***
Assistant Treasurer – Tax
4/13 – Present
       
 
Boston Safe Deposit Finance Company, Inc. *
Assistant Treasurer – Tax
7/13 – Present
       
 
CenterSquare Investment Management Holdings, Inc. +++
Assistant Treasurer – Tax
12/13 – Present
       
 
CenterSquare Investment Management, Inc. +++
Assistant Treasurer – Tax
12/13 – Present
       
 
Coates Holding LLC#
Assistant Treasurer – Tax
3/15 - Present
       
 
Colson Services Corp. ^
Assistant Treasurer – Tax
3/14 - Present
       
 
Cutwater Asset Management Corp. +++++
Assistant Treasurer – Tax
1/15 - Present
       
 
Cutwater Holdings LLC +++++
Assistant Treasurer – Tax
1//15 - Present
       
 
Cutwater Investor Services Corp. +++++
Assistant Treasurer - Tax  
1/15 - Present
       
 
Dreyfus Service Organization, Inc. ++
Assistant Treasurer – Tax
3/14 - Present
       
 
EACM Advisors LLC ^^
Assistant Treasurer – Tax
1/14 - Present
       
 
Eagle Access LLC ^^^
Assistant Treasurer – Tax
1/14 - Present
       
 
Eagle Investment Systems LLC ^^^^
Assistant Treasurer – Tax
1/14 - Present
       
 
ECM DE. LLC ***
Assistant Treasurer – Tax
1/14 - Present
       
 
GIS Holdings (International) Inc. #
Assistant Treasurer – Tax
6/14 – 12/14
       
 
Hamilton Floating Rate Fund Holdings, LLC ***
Assistant Treasurer – Tax
5/13 – Present
       
 
HedgeMark International, LLC ##
Assistant Treasurer – Tax
5/14 – Present
       
 
iNautix (USA) LLC ###
Assistant Treasurer – Tax
11/13 – Present
       
 
IRE-1, Inc. †††
Assistant Treasurer – Tax
7/13 – Present
       
 
IRE-AC, Inc. †††
Assistant Treasurer – Tax
7/13 – Present
       
 
IRE-BC, Inc. †††
Assistant Treasurer – Tax
7/13 – Present
       
 
IRE-SB, Inc. †††
Assistant Treasurer – Tax
7/13 – Present
       
 
Island Waterworks, Inc. †††
Assistant Treasurer – Tax
7/13 – Present
       
 
ITCMED, Inc. ***
Assistant Treasurer – Tax
6/13 – 5/15
       
 
JRHC 1998A LLC ####
Assistant Treasurer – Tax
12/13 – Present
       
 
Lockwood Advisors, Inc. ######
Assistant Treasurer – Tax
3/14 - Present
       
 
Lockwood Insurance, Inc. ######
Assistant Treasurer – Tax
8/14 - Present
       
 
Lockwood Solutions, Inc. ######
Assistant Treasurer – Tax
8/14 - Present
       
 
Lease Equities (Texas) Corporation #####
Assistant Treasurer – Tax
7/13 – Present
       
 
Madison Pershing LLC ###
Assistant Treasurer – Tax
6/13 – Present
       
 
MAM (MA) Holding Trust *
Assistant Treasurer – Tax
8/13 – Present
       
 
MBC Investments Corporation #
Assistant Treasurer – Tax
11/13 – Present
       
 
MBSC Securities Corporation ++
Vice President – Tax
2/14 - Present
       
 
MCDI (Holdings) LLC ***
Assistant Treasurer – Tax
9/13 – Present
       
 
Mellon Capital Management Corporation **
Assistant Treasurer – Tax
1/14 - Present
       
 
Mellon Holdings LLC++
Assistant Treasurer
2/15 - Present
       
 
MELDEL Leasing Corporation Number 2, Inc. #
Assistant Treasurer – Tax
9/13 – Present
       
 
Mellon Financial Services Corporation #1+
Assistant Treasurer – Tax
7/13 – Present
       
 
Mellon Financial Services Corporation #4 +
Assistant Treasurer – Tax
9/13 – Present
       
 
Mellon Funding Corporation +
Assistant Treasurer – Tax
3/14 - Present
       
 
Mellon Global Investing Corp. +
Assistant Treasurer – Tax
5/14 - Present
       
 
Mellon International Leasing Company #
Assistant Treasurer – Tax
8/14 - Present
       
 
Mellon Leasing Corporation+
Assistant Treasurer – Tax
7/13 – Present
       
 
Mellon Life Insurance Company+
Assistant Treasurer – Tax
10/13 – Present
       
 
Mellon Overseas Investment Corporation ***
Assistant Treasurer – Tax
12/13 - Present
       
 
Mellon Properties Company ****
Assistant Treasurer – Tax
8/13 – Present
       
 
Mellon Residential Funding Corporation ++++
Assistant Treasurer - Tax
4/14 - Present
       
 
National Residential Assets Corp.***
Assistant Treasurer – Tax
4/13 – Present
       
 
New GSM Holding Corporation ^^^^
Assistant Treasurer – Tax
7/13 – Present
       
 
Newton Capital Management LLC.***
Assistant Treasurer – Tax
8/14 - Present
       
 
Northern Waterworks, Inc. †††
Assistant Treasurer – Tax
7/13 – Present
       
 
NY CRE Asset Holdings, LLC. ***
Assistant Treasurer – Tax
1/14 - Present
       
 
NY CRE Asset Holdings II, LLC. ***
Assistant Treasurer – Tax
1/14 - Present
       
 
One Wall Street Corporation ***
Assistant Treasurer – Tax
11/13 – Present
       
 
Pareto New York LLC++
Assistant Treasurer – Tax
11/13 – Present
       
 
PAS Holdings LLC ***
Assistant Treasurer – Tax
6/13 – Present
       
 
Pershing Advisor Solutions LLC ###
Assistant Treasurer – Tax
6/13 – Present
       
 
Pershing Group LLC ###
Assistant Treasurer – Tax
6/13 – Present
       
 
Pershing Investments LLC ***
Assistant Treasurer – Tax
6/13 – Present
       
 
Pershing LLC ###
Assistant Treasurer – Tax
7/13 – Present
       
 
Standish Mellon Asset Management Company LLC*
Assistant Treasurer – Tax
11/14 – Present
       
 
Stanwich Insurance Agency, Inc. ***
Treasurer
12/13 – Present
       
 
TBC Securities Co., Inc.*
Assistant Treasurer – Tax
6/13 – Present
       
 
TBCAM, LLC *
Assistant Treasurer – Tax
10/13 – Present
       
 
Technology Services Group, Inc. ^^^^^
Assistant Treasurer – Tax
9/13 – Present
       
 
Tennessee Processing Center LLC ^^^^^
Assistant Treasurer – Tax
9/13 – Present
       
 
The Bank of New York Consumer Leasing Corporation***
Assistant Treasurer – Tax
7/13 – Present
       
 
The Bank of New York Mellon Trust Company, National Association +
Assistant Treasurer
10/13 - Present
       
 
The Boston Company Asset Management, LLC *
Assistant Treasurer – Tax
8/13 – Present
       
 
USPLP, Inc. ***
Assistant Treasurer – Tax
10/13 – Present
       
 
MBNA Institutional PA Services LLC +
Treasurer
7/13 – Present
       
 
MBNA PW PA Services LLC +
Treasurer
7/13 – Present
       
 
Stanwich Insurance Agency, Inc. ***
Treasurer
12/13 – Present
       
 
BNY Aurora Holding Corp. ***
Vice President
11/13 – Present
       
 
Agency Brokerage Holding LLC***
Vice President – Tax
6/13 – Present
       
 
BNY Community Development Enterprises Corp. ***
Vice President – Tax
4/13 – 5/14
       
 
Asset Recovery I, LLC ***
Assistant Treasurer
9/13 - 11/13
       
 
Asset Recovery VI, LLC ***
Assistant Treasurer
9/13 - 11/13
       
 
Asset Recovery XII, LLC ***
Assistant Treasurer
3/13 - 11/13
       
Jill Gill
Vice President –
Human Resources
MBSC Securities Corporation++
Vice President
6/07 – Present
 
The Bank of New York Mellon ***
Vice President
7/08 – Present
       
 
BNY Mellon, National Association +
Vice President
7/08 - Present
       
Tracy A. Hopkins
Vice President - Cash Strategies
MBSC Securities Corporation++
Executive Vice President
Senior Vice President
2/14 – Present
2/08 – 2/14
       
Anthony Mayo
Vice President – Information Systems
MBSC Securities Corporation++
Chief Technology Officer
4/14 – Present
       
       
Kathleen Geis
Vice President
BNY Mellon International Operations (India) Private Limited
Director
5/05 - Present
       
 
BNY Mellon, National Association+
Managing Director
7/09 – 10/14
       
 
Albridge Solutions, Inc.
Managing Director
7/11 - Present
       
 
BNY Mellon Distributors Holdings, Inc. #
Vice President -
Real Estate
7/11 - Present
       
 
BNY Mellon Investment Management Services LLC #
Vice President -
Real Estate
10/11 - Present
       
 
BNY Mellon Investment
Servicing (US) Inc. +
Vice President -
Real Estate
7/11 - Present
       
 
BNY Mellon Performance & Risk Analytics, LLC +
Vice President -
Real Estate
7/11 - Present
       
 
BNY Mellon Trust Company of Illinois *****
Vice President -
Real Estate
7/11 - Present
       
 
BNY Mellon Trust of Delaware#
Vice President -
Real Estate
7/11 - Present
       
 
CenterSquare Investment Management Holdings, Inc. +++
Vice President -
Real Estate
10/12 – Present
       
 
Eagle Investment Systems LLC ^^^^
Vice President -
Real Estate
7/11 – Present
       
 
Ivy Asset Management LLC +
Vice President -
Real Estate
7/11 – Present
       
 
MBSC Securities Corporation ++
Vice President -
Real Estate
7/11 – Present
       
 
Mellon Capital Management Corporation**
Vice President -
Real Estate
7/11 – Present
       
 
Mellon Financial Services
Corporation #1+
Vice President -
Real Estate
7/11 – Present
       
 
Mellon Holdings LLC++
Vice President -
Real Estate
7/11 – Present
       
 
Pareto New York LLC ++
Vice President -
Real Estate
7/11 – Present
       
 
SourceNet Solutions, Inc. +
Vice President -
Real Estate
7/11 – 5/13
       
 
Technology Services Group, Inc. ^^^^^
Vice President -
Real Estate
7/11 – Present
 
Tennessee Processing Center LLC ^^^^^
Vice President -
Real Estate
7/11 - Present
       
 
The Bank of New York Mellon Trust Company, National Association+
Vice President -
Real Estate
7/11 - Present
       
 
Alcentra US, Inc. ††††
Vice President -
Real Estate
7/11 - Present
       
 
BNY Mellon Capital Markets LLC^^^^^
Vice President -
Real Estate
7/11 - Present
       
 
Pershing LLC ###
Vice President -
Real Estate
7/11 - Present
       
 
The Bank of New York Mellon+
Managing Director
7/09 - Present
       
 
MBNA Institutional PA Services, LLC+
Managing Director
7/09 – 10/14
       
       
Claudine Orloski
Vice President – Tax
Dreyfus Service Organization++
Vice President – Tax
8/14 – Present
       
 
MBSC Securities Corporation++
Vice President – Tax
2/12 - Present
       
 
Asset Recovery II, LLC***
Assistant Treasurer
9/11 - Present
       
 
Asset Recovery III, LLC ***
Assistant Treasurer
9/11 – 3/15
       
 
Asset Recovery IV, LLC ***
Assistant Treasurer
9/11 – Present
       
 
Asset Recovery IX, LLC ***
Assistant Treasurer
2/11 – 3/15
       
 
Asset Recovery V, LLC ***
Assistant Treasurer
9/11 – Present
       
 
Asset Recovery VII, LLC ***
Assistant Treasurer
2/11 – 3/15
       
 
Asset Recovery X, LLC ***
Assistant Treasurer
2/11 – 3/15
       
 
Asset Recovery XIII, LLC***
Assistant Treasurer
3/11 – Present
       
 
Asset Recovery XIV, LLC ***
Assistant Treasurer
3/11 – Present
       
 
Asset Recovery XIX, LLC ***
Assistant Treasurer
7/11 – Present
       
 
Asset Recovery XV, LLC ***
Assistant Treasurer
3/11 – 3/15
       
 
Asset Recovery XVI, LLC ***
Assistant Treasurer
3/11 – Present
       
 
Asset Recovery XVII, LLC ***
Assistant Treasurer
3/11 – 3/15
       
 
Asset Recovery XVIII, LLC ***
Assistant Treasurer
7/11 – 3/15
       
 
Asset Recovery XX, LLC ***
Assistant Treasurer
7/11 – Present
       
 
Asset Recovery XXI, LLC ***
Assistant Treasurer
7/11 – 3/15
       
 
Asset Recovery XXII, LLC ***
Assistant Treasurer
7/11 – Present
       
 
Asset Recovery XXIII, LLC ***
Assistant Treasurer
7/11 – Present
       
 
BNY Mellon Investments CTA, LLC *
Assistant Treasurer
9/13 – Present
       
 
BNY Mellon Trust of Delaware #
Assistant Treasurer
11/11 – Present
       
 
Mellon Hedge Advisors, LLC *
Assistant Treasurer
10/11 – Present
       
 
Mellon Holdings LLC ++
Assistant Treasurer
12/11 – Present
       
 
MUNB Loan Holdings, LLC ***
Assistant Treasurer
10/11 – Present
       
 
484 Wall Capital Management LLC
Assistant Treasurer -Tax
10/13 – Present
       
 
Airlease Incorporated †††
Assistant Treasurer -Tax
7/11 – Present
       
 
Albridge Solutions, Inc. ††††
Assistant Treasurer -Tax
6/11 – Present
       
 
Alcentra NY, LLC ++
Assistant Treasurer -Tax
10/12 – Present
       
 
Alcentra US, Inc. ††††
Assistant Treasurer -Tax
10/11 – Present
       
 
Allomon Corporation †
Assistant Treasurer -Tax
5/12 – Present
       
 
Alternative Holdings I, LLC ***
Assistant Treasurer -Tax
1/13 – Present
       
 
Alternative Holdings II, LLC ***
Assistant Treasurer -Tax
1/13 – Present
       
 
AP Residential Realty, Inc. †††††
Assistant Treasurer -Tax
8/11 – Present
       
 
APT Holdings Corporation #
Assistant Treasurer -Tax
12/11 – Present
       
 
AURORA-IRE, INC. †††
Assistant Treasurer -Tax
7/11 – Present
       
 
B.N.Y. Holdings (Delaware) Corporation #
Assistant Treasurer -Tax
4/12 – Present
       
 
BNY Administrative Services LLC ***
Assistant Treasurer –Tax
12/11 – Present
       
 
BNY Alcentra Group Holdings,
Inc. ††††††
Assistant Treasurer –Tax
3/13 – Present
       
 
BNY Capital Corporation ***
Assistant Treasurer –Tax
11/11 – Present
       
 
BNY Capital Funding LLC ***
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Capital Markets Holdings, Inc. ***
Assistant Treasurer –Tax
11/11 – Present
       
 
BNY Capital Resources
Corporation #######
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Cargo Holdings LLC ***
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Catair LLC †††
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Falcon Three Holding Corp. ***
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Foreign Holdings, Inc. ***
Assistant Treasurer –Tax
9/11 – Present
       
 
BNY Gator LLC ***
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Hitchcock Holdings LLC ***
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Housing I Corp. †††
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Housing II LLC ***
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Investment Strategy and Solutions Group LLC *
Assistant Treasurer –Tax
6/15 – Present
       
 
BNY Investment Management Services LLC #
Assistant Treasurer –Tax
10/11 – Present
       
 
BNY ITC Leasing, LLC ***
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Lease Equities (Cap Funding) LLC ########
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Lease Holdings LLC ***
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Lease Partners LLC ***
Assistant Treasurer –Tax
9/11 – Present
       
 
BNY Leasing Edge Corporation ***
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Mellon Alternative Investments Holdings LLC ***
Assistant Treasurer –Tax
10/13 – Present
       
 
BNY Mellon Capital Markets,
LLC ^^^^^
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Mellon Clearing Holding Company, LLC ***
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Mellon Clearing, LLC ***
Assistant Treasurer –Tax
6/11 – Present
       
 
BNY Mellon Community Development Corporation ^^^^^
Assistant Treasurer –Tax
10/11 – Present
       
 
BNY Mellon Distributors Holdings
Inc. #
Assistant Treasurer –Tax
7/12 – Present
       
 
BNY Mellon Fixed Income Securities, LLC ***
Assistant Treasurer –Tax
8/12 – Present
       
 
BNY Mellon Investment Servicing (US) Inc. #
Assistant Treasurer –Tax
3/11 – Present
       
 
BNY Mellon Investment Servicing Trust Company #
Assistant Treasurer –Tax
3/11 – Present
       
 
BNY Mellon Performance & Risk Analytics, Inc. (US) ^^^^^^
Assistant Treasurer –Tax
10/11 – Present
       
 
BNY Mellon Performance & Risk Analytics, LLC +
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Mellon Transition Management Advisors, LLC **
Assistant Treasurer –Tax
5/13 – Present
       
 
BNY Mellon Trust Company of
Illinois *****
Assistant Treasurer –Tax
3/11 – Present
       
 
BNY Mezzanine Funding LLC ******
Assistant Treasurer –Tax
6/11 – Present
       
 
BNY Mezzanine Holdings LLC ******
Assistant Treasurer –Tax
5/11 – Present
       
 
BNY Mezzanine Non NY Funding
LLC ******
Assistant Treasurer –Tax
6/11 – Present
       
 
BNY Mezzanine NY Funding
LLC ******
Assistant Treasurer –Tax
6/11 – Present
       
 
BNY Partnership Funding LLC ***
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Rail Maintenance LLC ***
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Real Estate Holdings LLC ***
Assistant Treasurer –Tax
4/11 – Present
       
 
BNY Recap I, LLC #
Assistant Treasurer –Tax
11/11 – Present
       
 
BNY Salvage Inc. ***
Assistant Treasurer –Tax
3/11 – Present
       
 
BNY Waterworks, Inc. †††
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY Wings, Inc. †††
Assistant Treasurer –Tax
7/11 – Present
       
 
BNY XYZ Holdings LLC ***
Assistant Treasurer –Tax
5/11 – Present
       
 
BNYM CSIM Funding LLC +++
Assistant Treasurer –Tax
7/14 – Present
       
 
BNYM GIS Funding I LLC ***
Assistant Treasurer –Tax
6/12 – Present
       
 
BNYM GIS Funding III LLC ***
Assistant Treasurer –Tax
6/12 – Present
       
 
Amherst Capital Management LLC ***
Assistant Treasurer –Tax
11/14 – Present
       
 
BNYM RECAP Holdings, LLC ***
Assistant Treasurer –Tax
11/14 – Present
       
 
BNY-N.J. I Corp. ***
Assistant Treasurer –Tax
4/11 – Present
       
 
BNY-N.J. II Corp. ***
Assistant Treasurer –Tax
4/11 – Present
       
 
Boston Safe Deposit Finance Company, Inc. *
Assistant Treasurer –Tax
7/11 – Present
       
 
CenterSquare Investment Management Holdings, Inc. +++
Assistant Treasurer –Tax
2/13 – Present
       
 
CenterSquare Investment Management, Inc. +++
Assistant Treasurer –Tax
2/13 – Present
       
 
Coates Holding LLC#
Assistant Treasurer – Tax
3/15 - Present
       
 
Colson Services Corp. ^
Assistant Treasurer –Tax
2/11 – Present
       
 
Cutwater Asset Management Corp. +++++
Assistant Treasurer – Tax
1/15 - Present
       
 
Cutwater Holdings LLC +++++
Assistant Treasurer – Tax
1//15 - Present
       
 
Cutwater Investor Services Corp. +++++
Assistant Treasurer - Tax  
1/15 - Present
       
 
EACM Advisors LLC  ^^
Assistant Treasurer –Tax
4/14 – Present
       
 
Eagle Access LLC ^^^
Assistant Treasurer –Tax
1/12 – Present
       
 
Eagle Investment Systems LLC ^^^^
Assistant Treasurer –Tax
1/12 – Present
       
 
ECM DE, LLC ***
Assistant Treasurer –Tax
3/11 – Present
       
 
GIS Holdings (International) Inc. #
Assistant Treasurer –Tax
4/12 – 12/14
       
 
Hamilton Floating Rate Fund Holdings, LLC ***
Assistant Treasurer –Tax
5/11 – Present
       
 
HedgeMark International, LLC ##
Assistant Treasurer –Tax
5/14 – Present
       
 
iNautix (USA) LLC  ###
Assistant Treasurer –Tax
7/12 – Present
       
 
IRE-1, Inc. †††
Assistant Treasurer –Tax
7/11 – Present
       
 
IRE-AC, Inc. †††
Assistant Treasurer –Tax
7/11 – Present
       
 
IRE-BC, Inc. †††
Assistant Treasurer –Tax
7/11 – Present
       
 
IRE-SB, Inc. †††
Assistant Treasurer –Tax
7/11 – Present
       
 
Island Waterworks, Inc. †††
Assistant Treasurer –Tax
7/11 – Present
       
 
ITCMED, Inc. ***
Assistant Treasurer –Tax
6/11 – 5/15
       
 
JRHC 1998A LLC ####
Assistant Treasurer –Tax
12/11 – Present
       
 
Lease Equities (Texas) Corporation#####
Assistant Treasurer –Tax
7/11 – Present
       
 
Lockwood Advisors, Inc. ######
Assistant Treasurer –Tax
3/11 – Present
       
 
Lockwood Solutions, Inc. ######
Assistant Treasurer –Tax
3/11 – Present
       
 
Madison Pershing LLC  ###
Assistant Treasurer –Tax
4/11 – Present
       
 
MAM (MA) Holding Trust *
Assistant Treasurer –Tax
8/11 – Present
       
 
MBC Investments Corporation #
Assistant Treasurer –Tax
11/11 – Present
       
 
MBNA Institutional PA Services
LLC +
Assistant Treasurer –Tax
7/12 – Present
       
 
MBNA PW PA Services LLC +
Assistant Treasurer –Tax
7/12 – Present
       
 
MCDI (Holdings) LLC ***
Assistant Treasurer –Tax
8/11 – Present
       
 
MELDEL Leasing Corporation Number 2, Inc. #
Assistant Treasurer –Tax
8/11 – Present
       
 
Mellon Capital Management Corporation **
Assistant Treasurer –Tax
10/13 – Present
       
 
Mellon EFT Services
Corporation †††††
Assistant Treasurer –Tax
2/11 – Present
       
 
Mellon Financial Services Corporation #1 +
Assistant Treasurer –Tax
7/11 – Present
       
 
Mellon Financial Services Corporation #4 +
Assistant Treasurer –Tax
12/11 – Present
       
 
Mellon Funding Corporation +
Assistant Treasurer –Tax
12/11 – Present
       
 
Mellon Global Investing Corp. +
Assistant Treasurer –Tax
5/11 – Present
       
 
Mellon International Leasing
Company #
Assistant Treasurer –Tax
7/11 – Present
       
 
Mellon Leasing Corporation +
Assistant Treasurer –Tax
9/11 – Present
       
 
Mellon Life Insurance Company +
Assistant Treasurer –Tax
10/12 – Present
       
 
Mellon Overseas Investment Corporation ***
Assistant Treasurer –Tax
11/11 – Present
       
 
Mellon Properties Company ****
Assistant Treasurer –Tax
8/12 – Present
       
 
Mellon Residential Funding Corporation ****
Assistant Treasurer –Tax
4/14 – Present
       
 
National Residential Assets Corp. ***
Assistant Treasurer –Tax
4/12 – Present
       
 
New GSM Holding Corporation ^^^^
Assistant Treasurer –Tax
7/11 – Present
       
 
Newton Capital Management LLC ***
Assistant Treasurer –Tax
10/11 – Present
       
 
Northern Waterworks, Inc. †††
Assistant Treasurer –Tax
7/11 – Present
       
 
NY CRE Asset Holdings II, LLC ***
Assistant Treasurer –Tax
1/12 – Present
       
 
NY CRE Asset Holdings, LLC ***
Assistant Treasurer –Tax
1/12 – Present
       
 
One Wall Street Corporation ***
Assistant Treasurer –Tax
11/11 – Present
       
 
Pareto New York LLC ++
Assistant Treasurer –Tax
11/11 – Present
       
 
PAS Holdings LLC ***
Assistant Treasurer –Tax
6/11 – Present
       
 
Pershing Advisor Solutions LLC ###
Assistant Treasurer –Tax
6/11 – Present
       
 
Pershing Group LLC ###
Assistant Treasurer –Tax
4/11 – Present
       
 
Pershing Investments LLC ***
Assistant Treasurer –Tax
2/11 – Present
       
 
Pershing LLC ###
Assistant Treasurer –Tax
4/11 – Present
       
 
PFS Holdings, LLC ***
Assistant Treasurer –Tax
1/12 – Present
       
 
Standish Mellon Asset Management Company LLC
Assistant Treasurer –Tax
11/14 - Present
       
 
Stanwich Insurance Agency, Inc. ***
Assistant Treasurer –Tax
12/11 – Present
       
 
TBC Securities Co., Inc. *
Assistant Treasurer –Tax
7/11 – Present
       
 
TBCAM, LLC *
Assistant Treasurer –Tax
10/13 – Present
       
 
Technology Services Group,
Inc. ^^^^^
Assistant Treasurer –Tax
5/11 – Present
       
 
Tennessee Processing Center
LLC ^^^^^
Assistant Treasurer –Tax
9/11 – Present
       
 
The Bank of New York Consumer Leasing Corporation ***
Assistant Treasurer –Tax
5/11 – Present
       
 
The Bank of New York Mellon Trust Company, National Association +
Assistant Treasurer
10/13 - Present
       
 
The Boston Company Asset Management, LLC *
Assistant Treasurer –Tax
6/11 – Present
       
 
USPLP, Inc. ***
Assistant Treasurer –Tax
10/11 – Present
       
 
BNY Mellon Investment Management Holdings LLC #
Assistant Vice President –Tax
12/12 – Present
       
 
BNY Aurora Holding Corp. ***
Vice President
10/11 – Present
       
 
Agency Brokerage Holding LLC ***
Vice President –Tax
2/11 – Present
       
 
MBSC Securities Corporation ++
Vice President –Tax
2/12 – Present
       
James Bitetto
Secretary
The Dreyfus Family of Funds++
Vice President and Assistant Secretary
8/05 - Present
       
 
MBSC Securities Corporation++
Assistant Secretary
6/07 - Present
       
 
Dreyfus Service Organization, Inc.++
Secretary
8/05 - Present
       
 
*
The address of the business so indicated is One Boston Place, Boston, MA 02108.
  
 
**
The address of the business so indicated is 50 Fremont Street, Suite 3900, San Francisco, CA 94105.
  
 
***
The address of the business so indicated is One Wall Street, New York, NY 10286.
  
 
****
The address of the business so indicated is 3601 N. I-10 Service Road, Suite 102, Metairie, LA 70002.
  
 
*****
The address of the business so indicated is 2 North LaSalle Street, Suite 1020, Chicago, IL 60602.
  
 
******
The address of the business so indicated is 445 Park Avenue, 12th Floor, New York, NY 10022.
  
 
+
The address of the business so indicated is One Mellon Bank Center, Pittsburgh, PA 15258.
  
 
++
The address of the business so indicated is 200 Park Avenue, New York, NY 10166.
  
 
+++
The address of the business so indicated is 630 West Germantown Pike, Suite 300, Plymouth Meeting, PA 19462.
  
 
++++
The address of the business so indicated is 500 Grant Street, Pittsburgh, PA 15258.
  
 
+++++
The address of the business so indicated is 113 King Street, Armonk, NY 10504.
  
 
†
The address of the business so indicated is Two Mellon Center, Suite 329, Pittsburgh, PA 15259.
  
 
††
The address of the business so indicated is 100 White Clay Center, Newark, DE 19711.
  
 
†††
The address of the business so indicated is 1633 Broadway, New York, NY 10019.
  
 
††††
The address of the business so indicated is 10877 Wilshire Blvd, #1550, Los Angeles, CA 90024.
  
 
†††††
The address of the business so indicated is 1735 Market Street, Philadelphia, PA 19103.
  
 
††††††
The address of the business so indicated is 10 Gresham Street, London, EC2V 7JD.
  
 
^
The address of the business so indicated is 4 New York Plaza, New York, NY 10004.
  
 
^^
The address of the business so indicated is 200 Connecticut Avenue, Norwalk, CT 06854-1940.
  
 
^^^
The address of the business so indicated is One Wells Avenue, Newton, MA 02459.
  
 
^^^^
The address of the business so indicated is 65 LaSalle Road, Suite 305, West Hartford, CT 06107.
  
 
^^^^^
The address of the business so indicated is 101 Barclay Street, 3rd Floor, New York, NY 10286.
  
 
^^^^^^
The address of the business so indicated is 1313 Broadway Plaza, Tacoma, WA 98402.
  
 
#
The address of the business so indicated is 301 Bellevue Parkway, Wilmington, DE 19809.
  
 
##
The address of the business so indicated is 780, Third Avenue, 44th Floor, New York, NY 10017.
  
 
###
The address of the business so indicated is One Pershing Plaza, Jersey City, NJ 07399.
  
 
####
The address of the business so indicated is 601 Travis Street, 17th Floor, Houston, TX 77002.
  
 
#####
The address of the business so indicated is 1201 Louisiana, Suite 3160, Houston, TX 77002.
  
 
######
The address of the business so indicated is 760 Moore Road, King of Prussia, PA 19406-1212.
  
 
#######
The address of the business so indicated is 8400 E. Prentice Avenue, Greenwood Village, CO 80111.
  
 
########
The address of the business so indicated is 1290 Avenue of the Americas, New York, NY 10104.
  

 

 
Item 32.  Principal Underwriters
    
       
   
(a)           Other investment companies for which Registrant's principal underwriter (exclusive distributor) acts as principal underwriter or exclusive distributor:
    
       
 
1.
Advantage Funds, Inc.
  
 
2.
BNY Mellon Absolute Insight Funds, Inc.
  
 
3.
BNY Mellon Funds Trust
  
 
4.
CitizensSelect Funds
  
 
5.
Dreyfus Appreciation Fund, Inc.
  
 
6.
Dreyfus BASIC Money Market Fund, Inc.
  
 
7.
Dreyfus BNY Mellon Funds, Inc.
  
 
8.
Dreyfus Bond Funds, Inc.
  
 
9.
Dreyfus Cash Management
  
 
10.
Dreyfus Funds, Inc.
  
 
11.
The Dreyfus Fund Incorporated
  
 
12.
Dreyfus Government Cash Management Funds
  
 
13.
Dreyfus Growth and Income Fund, Inc.
  
 
14.
Dreyfus Index Funds, Inc.
  
 
15.
Dreyfus Institutional Cash Advantage Funds
  
 
16.
Dreyfus Institutional Preferred Money Market Funds
  
 
17.
Dreyfus Institutional Reserves Funds
  
 
18.
Dreyfus Intermediate Municipal Bond Fund, Inc.
  
 
19.
Dreyfus International Funds, Inc.
  
 
20.
Dreyfus Investment Funds
  
 
21.
Dreyfus Investment Grade Funds, Inc.
  
 
22.
Dreyfus Investment Portfolios
  
 
23.
The Dreyfus/Laurel Funds, Inc.
  
 
24.
The Dreyfus/Laurel Funds Trust
  
 
25.
Dreyfus Liquid Assets, Inc.
  
 
26.
Dreyfus Manager Funds I
  
 
27.
Dreyfus Manager Funds II
  
 
28.
Dreyfus Midcap Index Fund, Inc.
  
 
29.
Dreyfus Municipal Cash Management Plus
  
 
30.
Dreyfus Municipal Funds, Inc.
  
 
31.
Dreyfus New Jersey Municipal Bond Fund, Inc.
  
 
32.
Dreyfus New York AMT-Free Municipal Bond Fund
  
 
33.
Dreyfus New York Municipal Cash Management
  
 
34.
Dreyfus New York Tax Exempt Bond Fund, Inc.
  
 
35.
Dreyfus Opportunity Funds
  
 
36.
Dreyfus Premier California AMT-Free Municipal Bond Fund, Inc.
  
 
37.
Dreyfus Premier GNMA Fund, Inc.
  
 
38.
Dreyfus Premier Investment Funds, Inc.
  
 
39.
Dreyfus Premier Short-Intermediate Municipal Bond Fund
  
 
40.
Dreyfus Premier Worldwide Growth Fund, Inc.
  
 
41.
Dreyfus Research Growth Fund, Inc.
  
 
42.
Dreyfus State Municipal Bond Funds
  
 
43.
Dreyfus Stock Funds
  
 
44.
Dreyfus Short Duration Bond Fund
  
 
45.
The Dreyfus Socially Responsible Growth Fund, Inc.
  
 
46.
Dreyfus Stock Index Fund, Inc.
  
 
47.
Dreyfus Tax Exempt Cash Management Funds
  
 
48.
The Dreyfus Third Century Fund, Inc.
  
 
49.
Dreyfus Treasury & Agency Cash Management
  
 
50.
Dreyfus Treasury Prime Cash Management
  
 
51.
Dreyfus U.S. Treasury Intermediate Term Fund
  
 
52.
Dreyfus U.S. Treasury Long Term Fund
  
 
53.
Dreyfus Variable Investment Fund
  
 
54.
General California Municipal Money Market Fund
  
 
55.
General Government Securities Money Market Funds, Inc.
  
 
56.
General Money Market Fund, Inc.
  
 
57.
General Municipal Money Market Funds, Inc.
  
 
58.
General New Jersey Municipal Money Market Fund, Inc.
  
 
59.
General New York AMT-Free Municipal Money Market Fund
  
 
60.
Strategic Funds, Inc.
  
     
(b)
    
 
     
Name and principal
Business address
Positions and offices with the Distributor
Positions and Offices with Registrant
Kenneth Bradle**
President and Director
None
J. Charles Cardona*
Chairman of the Board and Co-Head
Executive Vice President (Money Market Funds Only)
Sue Ann Cormack†
Executive Vice President
None
Diane P. Durnin†††
Executive Vice President
None
Tracy Hopkins*
Executive Vice President
None
William H. Maresca**
Executive Vice President and Director
None
Kimberly M. Mustin†††
Chief Executive Officer and Director
None
Paul D. Nobile†††
Executive Vice President
None
Christopher D. O'Connor†††
Executive Vice President
None
Irene Papadoulis**
Executive Vice President
None
Matthew Perrone*******
Executive Vice President
None
Cheryl M. Pipia†††
Executive Vice President
None
Bradley J. Skapyak*
Executive Vice President
President
Bill E. Sappington*
Executive Vice President and Director
None
Brie A. Steingarten*
Chief Legal Officer and Secretary
None
Eric P. Cola*
Senior Vice President
None
Mercedes Katz**
Senior Vice President
None
Mary T. Lomasney****
Senior Vice President
None
Joseph W. Connolly*
Chief Compliance Officer (Investment Advisory Business)
Chief Compliance Officer
Jaynthi Gandhi†††
Chief Compliance Officer (Broker-Dealer Business)
None
Katherine M. Scott*
Chief Risk Officer
None
Anthony Mayo*
Chief  Technology Officer
None
Maria Georgopoulos*
Vice President – Facilities Management
None
Stewart Rosen*
Vice President – Facilities Management
None
Karin L. Waldmann**
Privacy Officer
None
Charles Doumar†††
Vice President – Tax
None
Timothy I. Barrett**
Vice President
None
Jill Gill*
Vice President
None
Kathleen Geis††
Vice President
None
Joseph R. Kane***
Vice President – Tax
None
Donna M. Impagliazzo**
Vice President – Compliance
None
Carla R. Wanzer**
Vice President
None
Claudine Orloski***
Vice President – Tax
None
John Shea†††
Vice President – Finance
None
Christopher A. Stallone**
Vice President
None
Susan Verbil******
Vice President – Finance
None
William Verity******
Vice President – Finance
None
James Windels*******
Vice President
Treasurer
Ronny Santos*
Assistant Vice President
None
James Bitetto*
Assistant Secretary
Vice President and
Assistant Secretary
Audrey Edwards***
Assistant Secretary
None
Susan K. Maroni***
Assistant Secretary
None
Cristina Rice***
Assistant Secretary
None
Victor R. Siclari***
Assistant Secretary
None

*
Principal business address is 200 Park Avenue, New York, NY 10166.
**
Principal business address is 144 Glenn Curtiss Blvd., Uniondale, NY 11556-0144.
***
Principal business address is BNY Mellon Center, 500 Grant Street, Pittsburgh, PA 15258.
****
Principal business address is One Boston Place, Boston, MA 02108.
*****
Principal business address is 50 Fremont Street, Suite 3900, San Francisco, CA 94105.
******
Principal business address is 101 Barclay Street, New York 10286.
*******
Principal business address is 2 Hanson Place, Brooklyn, NY 11217.
†
Principal business address is 201 Columbine Street, Suite 200, Denver, CO 80206.
††
Principal business address is 525 William Penn Place, Pittsburgh, PA 15259.
†††
Principal business address is 225 Liberty Street, New York, NY 10286.

Item 33.                      Location of Accounts and Records
 
1.
The Bank of New York Mellon
 
225 Liberty Street
 
New York, New York 10286
   
2.
The Bank of New York Mellon
 
One Mellon Bank Center
 
Pittsburgh, Pennsylvania 15258
   
3.
BNY Mellon Investment Servicing (US), Inc.
 
4400 Computer Drive
 
Westborough, MA 01581
   
4.
The Dreyfus Corporation
 
200 Park Avenue
 
New York, New York 10166
   
5.
The Dreyfus Corporation
 
2 Hanson Place
 
Brooklyn, New York 11217


Item 34.
Management Services
 
Not Applicable
   
Item 35.
Undertakings
 
None


SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, the Registrant, Dreyfus Municipal Bond Opportunity Fund, has duly caused this Amendment to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, and State of New York on the 21st day of January, 2016.
 

 

 

 
 
Dreyfus Municipal Bond Opportunity Fund
   
   
 
BY:
/s/ Bradley J. Skapyak*
   
Bradley J. Skapyak, PRESIDENT

Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the date indicated.
 
Signatures
  
Title
  
Date
         
/s/ Bradley J. Skapyak*
  
President (Principal Executive Officer)
  
1/21/16
Bradley J. Skapyak
        
/s/ James Windels*
  
Treasurer (Principal Financial
and Accounting Officer)
  
1/21/16
James Windels
        
         
/s/ Joseph S. DiMartino*
  
Chairman of the Board
  
1/21/16
Joseph S. DiMartino
        
         
/s/ Francine J. Bovich*
  
Board Member
  
1/21/16
Francine J. Bovich
        
         
/s/ Peggy C. Davis*
  
Board Member
  
1/21/16
Peggy C. Davis
        
         
/s/ Diane Dunst*
  
Board Member
  
1/21/16
Diane Dunst
        
         
/s/ Robin A. Melvin*
  
Board Member
  
1/21/16
Robin A. Melvin
        
         
/s/ Nathan Leventhal*
  
Board Member
  
1/21/16
Nathan Leventhal
        

 
*BY:
/s/ Joni L. Charatan
 
 
Joni L. Charatan
Attorney-in-Fact

 
INDEX OF EXHIBITS
 
Exhibits
 
(n)(i)
Rule 18f-3 Plan, amended as of November 13, 2015.
   
(n)(ii)
Rule 18f-3 Plan, effective as of February 1, 2016.

 
 

 EX-99.1 2 p16-0052_ex99n1.htm RULE 18F-3 PLAN, AMENDED AS OF NOVEMBER 13, 2015
THE DREYFUS FAMILY OF FUNDS
(Dreyfus Family of Funds—Funds Included on Schedule A)

Rule 18f-3 Plan

Rule 18f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"), requires that the Board of an investment company desiring to offer multiple classes pursuant to said Rule adopt a plan setting forth the separate arrangement and expense allocation of each class, and any related conversion features or exchange privileges.
The Board, including a majority of the Board members who are not "interested persons" (as defined in the 1940 Act), of each of the investment companies, or series thereof, listed on Schedule A attached hereto, as such Schedule may be revised from time to time (each, a "Fund"), which desires to offer multiple classes in accordance with Rule 18f-3, has determined that the following plan is in the best interests of each class individually and each Fund as a whole:
1.            Class Designation:  Fund shares shall be divided, except as otherwise noted on Schedule A hereto, into Class A and Class C, and, if indicated on Schedule A hereto, Class I, Class Y and Class Z.
2.            Differences in Services:  The services offered to shareholders of each Class, as described in the Fund's prospectus or statement of additional information, unless otherwise noted on Schedule A hereto, shall be substantially the same, except that Right of Accumulation, Letter of Intent and Reinvestment Privilege shall be available only to holders of Class A shares, Checkwriting services shall be available only to holders of Class A or Class Z shares, and Dreyfus Express® services shall be available only to holders of Class Z shares.  Dreyfus Automatic Asset Builder®, Dreyfus Payroll Savings Plan, Dreyfus Government Direct Deposit, Dreyfus Dividend Sweep, Dreyfus Auto-Exchange Privilege and Dreyfus Automatic Withdrawal Plan are not available for Class Y shares.
3.            Differences in Distribution Arrangements:  Class A shares shall be offered with a front-end sales charge, as such term is defined under the Conduct Rules of the Financial Industry Regulatory Authority (the "FINRA Conduct Rules"), and a deferred sales charge (a "CDSC"), as such term is defined under the FINRA Conduct Rules, may be assessed on certain redemptions of Class A shares, including Class A shares purchased without an initial sales charge as part of an investment of $1 million or more.  The amount of the sales charge and the amount of and provisions relating to the CDSC pertaining to the Class A shares are set forth on Schedule B attached hereto.
Class C shares shall not be subject to a front-end sales charge, but shall be subject to a CDSC and shall be charged an annual distribution fee under a Distribution Plan adopted pursuant to Rule 12b-1 under the 1940 Act.  The amount of and provisions relating to the CDSC, and the amount of the fees under the Distribution Plan pertaining to the Class C shares, are set forth on Schedule C attached hereto.
Class I shares shall be offered at net asset value only to (i) bank trust departments, trust companies and insurance companies that have entered into agreements with the Fund's Distributor to offer Class I shares to their clients, (ii) law firms or attorneys acting as trustees or executors/administrators, (iii) foundations and endowments that make an initial investment in the Fund of at least $1 million, (iv) advisory fee-based accounts offered through financial intermediaries who, depending on the structure of the selected advisory platform, make Class I shares available, (v) certain institutional clients of an investment advisory subsidiary of The Bank of New York Mellon Corporation approved by The Dreyfus Corporation, and (vi) unaffiliated investment companies approved by the Fund's Distributor.
Class Y shares shall be offered at net asset value only to (i) institutional investors, acting for themselves or on behalf of their clients, that have entered into an agreement with the Fund's Distributor, and, except as otherwise may be approved by The Dreyfus Corporation with respect to certain qualified or non-qualified employee benefit plans, including 401(k), 403(b)(7), Keogh, pension, profit-sharing and other deferred compensation plans, whether established by corporations, partnerships, sole proprietorships, non-profit entities, trade or labor unions, or state and local governments ("Retirement Plans"), that make an initial investment in Class Y shares of the Fund of at least $1 million, (ii) certain institutional clients of an investment advisory subsidiary of The Bank of New York Mellon Corporation, provided that such clients are approved by The Dreyfus Corporation and make an initial investment in Class Y shares of the Fund of at least $1 million, and (iii) certain funds in the Dreyfus Family of Funds and series of BNY Mellon Funds Trust.
Class Z shares shall be offered at net asset value only to certain shareholders as set forth on Schedule D attached hereto.  To the extent indicated on Schedule E hereto, Class Z shares shall be subject to a Service Plan adopted pursuant to Rule 12b-1 under the 1940 Act.  The amount of fees and provisions relating to such Service Plan are set forth on Schedule E attached hereto.
Class A and Class C and, except as otherwise indicated, Class Z shares shall be subject to a Shareholder Services Plan as set forth on Schedule E hereto.
4.            Expense Allocation:   The following expenses shall be allocated, to the extent practicable, on a Class-by-Class basis:  (a) fees under the Distribution Plan, Service Plan and Shareholder Services Plan; (b) printing and postage expenses related to preparing and distributing materials, such as shareholder reports, prospectuses and proxies, to current shareholders of a specific Class; (c) Securities and Exchange Commission and Blue Sky registration fees incurred by a specific Class; (d) the expense of administrative personnel and services as required to support the shareholders of a specific Class; (e) litigation or other legal expenses relating solely to a specific Class; (f) transfer agent fees identified by the Fund's transfer agent as being attributable to a specific Class; and (g) Board members' fees incurred as a result of issues relating to a specific Class.
5.            Conversion Features:  No Class shall be subject to any automatic conversion feature.  Except as otherwise set forth on Schedule A hereto, shares of one Class of a Fund may be converted into shares of another Class of the Fund, provided the shareholder requesting the conversion meets the eligibility requirements for the purchase of the new Class of shares of the Fund.  Shares subject to a CDSC or a redemption fee at the time of the requested conversion shall not be eligible for conversion.
6.            Exchange Privileges:  Shares of a Class shall be exchangeable only for (a) shares of the same Class of other investment companies managed or administered by The Dreyfus Corporation or its affiliates as specified from time to time and (b) shares of certain other Classes of such investment companies or shares of certain other investment companies as specified from time to time.


Amended as of:  November 13, 2015
SCHEDULE A
Name of Fund
 
  
Date Plan Adopted
     
Dreyfus Premier GNMA Fund, Inc.
--Dreyfus GNMA Fund*#
  
November 6, 2006
   (Revised as of July 27, 2015)
     
Dreyfus Premier California AMT-Free Municipal Bond
    Fund, Inc.
--Dreyfus California AMT-Free Municipal Bond Fund*†
  
April 28, 2004
   (Revised as of July 1, 2013)
     
Dreyfus Municipal Bond Opportunity Fund*
  
April 12, 1995
   (Revised as of March 13, 2012)
     
Dreyfus New Jersey Municipal Bond Fund, Inc.*†
  
October 22, 2002
   (Revised as of July 1, 2013)
     
Dreyfus New York AMT-Free Municipal Bond Fund†
  
April 12, 1995
   (Revised as of July 1, 2013)
     
Dreyfus State Municipal Bond Funds
--Dreyfus Connecticut Fund*†
  
April 12, 1995
   (Revised as of September 3, 2013)
--Dreyfus Massachusetts Fund*
    
--Dreyfus Pennsylvania Fund*
    
     
Dreyfus Municipal Funds, Inc.
--Dreyfus AMT-Free Municipal Bond Fund*†
--Dreyfus High Yield Municipal Bond Fund*†
 
  
January 16, 2003
   (Revised as of July 1, 2013)
________________________
*        The Fund also offers Class Z shares as described on Schedule D hereto.
†        The Fund also offers Class I and Class Y shares.
#        The Fund also offers Class Y shares.
SCHEDULE B
Front-End Sales Charge—Class A Shares—The public offering price for Class A shares, except as otherwise set forth herein, shall be the net asset value per share of that Class plus a sales load as shown below:

 
Total Sales Load



Amount of Transaction

As a % of offering price per share
  

As a % of
net asset value per share
Less than $50,000  
4.50
  
4.70
$50,000 to less than $100,000  
4.00
  
4.20
$100,000 to less than $250,000  
3.00
  
3.10
$250,000 to less than $500,000  
2.50
  
2.60
$500,000 to less than $1,000,000  
2.00
  
2.00
$1,000,000 or more  
-0-
  
-0-

Contingent Deferred Sales Charge—Class A Shares—A CDSC of 1.00% shall be assessed, except as set forth below, at the time of redemption of Class A shares purchased without an initial sales charge as part of an investment of at least $1,000,000 and redeemed within one year of purchase.  The terms contained in Schedule C pertaining to the CDSC assessed on redemptions of Class C shares, including the provisions for waiving the CDSC, shall be applicable to the Class A shares subject to a CDSC.  Letter of Intent and Right of Accumulation shall apply to purchases of Class A shares subject to a CDSC.

Class A Shares of Dreyfus New Jersey Municipal Bond Fund, Inc. Only—Shareholders beneficially owning Class A shares of Dreyfus New Jersey Municipal Bond Fund, Inc. on January 6, 2003 may purchase Class A shares of such Fund directly through the Fund's Distributor, for Fund accounts maintained with the Distributor, at net asset value without a front-end sales charge and redeem Class A shares of such Fund without imposition of a CDSC.
Class A shares of a Fund may be purchased at net asset value without a front-end sales charge by the following individuals and entities:
• Full-time or part-time employees, and their family members, of The Dreyfus Corporation or any of its affiliates.
• Board members of The Dreyfus Corporation and Board members of the Dreyfus Family of Funds.
• Full-time employees, and their family members, of financial institutions that have entered into selling agreements with the Fund's Distributor.
• "Wrap" accounts for the benefit of clients of financial institutions, provided they have entered into an agreement with the Fund's Distributor specifying operating policies and standards.
• Qualified separate accounts maintained by an insurance company; any state, county or city or instrumentality thereof; and charitable organizations investing $50,000 or more in Fund shares and charitable remainder trusts, provided that such Class A shares are purchased directly through the Fund's Distributor.
• Investors who purchase Class A shares directly through the Fund's Distributor, and either (i) have, or whose spouse or minor children have, beneficially owned shares and continuously maintained an open account with the Distributor in a Dreyfus-managed fund since on or before February 28, 2006, or (ii) such purchase is for a self-directed investment account that may or may not be subject to a transaction fee.
• Investors who participate in a self-directed investment brokerage account program offered by a financial intermediary that has entered into an agreement with the Fund's Distributor.  Financial intermediaries offering self-directed investment brokerage accounts may or may not charge their customers a transaction fee.
• Investors with the cash proceeds from the investor's exercise of stock options and/or disposition of stock related to employment-based stock plans, whether invested in the Fund directly or indirectly through an exchange from a Dreyfus money market fund, provided that the proceeds are processed through an entity that has entered into an agreement with the Fund's Distributor specifically relating to administering employment-based stock plans.  Upon establishing the account in the Fund or the Dreyfus money market fund, the investor and the investor's spouse and minor children shall become eligible to purchase Class A shares of the Fund at net asset value, whether or not the investor uses the proceeds of the employment-based stock plan to establish the account.
• Members of qualified affinity groups who purchase Class A shares directly through the Fund's Distributor, provided that the qualified affinity group has entered into an affinity agreement with the Distributor.


SCHEDULE C
Contingent Deferred Sales Charge--Class C Shares—A CDSC of 1.00% payable to the Fund's Distributor shall be imposed on any redemption of Class C shares within one year of the date of purchase.  No CDSC shall be imposed to the extent that the net asset value of the Class C shares redeemed does not exceed (i) the current net asset value of Class C shares acquired through reinvestment of dividends or capital gain distributions, plus (ii) increases in the net asset value of the shareholder's Class C shares above the dollar amount of all payments for the purchase of Class C shares of the Fund held by such shareholder at the time of redemption.
If the aggregate value of the Class C shares redeemed has declined below their original cost as a result of the Fund's performance, a CDSC may be applied to the then-current net asset value rather than the purchase price.
In determining whether a CDSC is applicable to a redemption, the calculation shall be made in a manner that results in the lowest possible rate.  Therefore, it shall be assumed that the redemption is made first of amounts representing Class C shares of the Fund acquired pursuant to the reinvestment of Fund dividends and distributions; then of amounts representing the increase in net asset value of Class C shares above the total amount of payments for the purchase of Class C shares made during the preceding year; and finally, of amounts representing the cost of shares held for the longest period of time.
Waiver of CDSC—The CDSC shall be waived in connection with (a) redemptions made within one year after the death or disability, as defined in Section 72(m)(7) of the Internal Revenue Code of 1986, as amended (the "Code"), of the shareholder, (b) redemptions by Retirement Plans, (c) redemptions as a result of a combination of any investment company with the Fund by merger, acquisition of assets or otherwise, (d) redemptions due to receiving applicable required minimum distributions from IRA accounts (other than Roth IRAs or Coverdell Education Savings Accounts) upon attaining age 70-1/2, and (e) redemptions pursuant to any systematic withdrawal plan as described in the Fund's prospectus.  Any Fund shares subject to a CDSC which were purchased prior to the termination of such waiver shall have the CDSC waived as provided in the Fund's prospectus at the time of the purchase of such shares.
Amount of Distribution Plan Fees—Class C Shares—.75 of 1% of the value of the average daily net assets of Class C.
Class Z Shares—Dreyfus California AMT-Free Municipal Bond Fund offers Class Z shares only to shareholders of the Fund with accounts that existed on the date the Fund classified its shares as Class Z shares (September 30, 2004), or who received Class Z shares in exchange for their shares of General California Municipal Bond Fund, Inc., Dreyfus California Municipal Income, Inc. or Dreyfus California Intermediate Municipal Bond Fund as a result of the reorganizations of such funds, and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with the Fund on September 30, 2004, or with General California Municipal Bond Fund, Inc., Dreyfus California Municipal Income, Inc. or Dreyfus California Intermediate Municipal Bond Fund, Inc. at the time of the reorganizations of such funds, may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
Dreyfus Connecticut Fund offers Class Z shares only to shareholders of the Fund who received Class Z shares in exchange for their shares of Dreyfus Connecticut Intermediate Municipal Bond Fund as a result of the reorganization of such fund and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with Dreyfus Connecticut Intermediate Municipal Bond Fund at the time of the reorganization of such fund may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
Dreyfus Massachusetts Fund offers Class Z shares only to shareholders of the Fund who received Class Z shares in exchange for their shares of Dreyfus Massachusetts Tax Exempt Bond Fund or Dreyfus Massachusetts Intermediate Municipal Bond Fund as a result of the reorganizations of such funds and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with Dreyfus Massachusetts Tax Exempt Bond Fund or Dreyfus Massachusetts Intermediate Municipal Bond Fund at the time of the reorganizations of such funds may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
Dreyfus Pennsylvania Fund offers Class Z shares only to shareholders of the Fund who received Class Z shares in exchange for their shares of Dreyfus Pennsylvania Intermediate Municipal Bond Fund as a result of the reorganization of such fund and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with Dreyfus Pennsylvania Intermediate Municipal Bond Fund at the time of the reorganization of such fund may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
Dreyfus Municipal Bond Opportunity Fund offers Class Z shares only to shareholders of the Fund who received Class Z shares in exchange for their shares of General Municipal Bond Fund, Inc. as a result of the reorganization of such fund and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with General Municipal Bond Fund, Inc. at the time of the reorganization of such fund may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
SCHEDULE D (continued)
Dreyfus New Jersey Municipal Bond Fund, Inc. offers Class Z shares only to shareholders of the Fund who received Class Z shares in exchange for their shares of Dreyfus New Jersey Intermediate Municipal Bond Fund as a result of the reorganization of such fund and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker dealers and other financial institutions maintaining accounts with Dreyfus New Jersey Intermediate Municipal Bond Fund at the time of the reorganization of such fund may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
Dreyfus GNMA Fund offers Class Z shares only to shareholders of the Fund with accounts that existed on the date the Fund classified its shares as Class Z shares and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with Dreyfus GNMA Fund on such date may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
Dreyfus AMT-Free Municipal Bond Fund offers Class Z shares only to shareholders of the Fund with accounts that existed on the date the Fund classified its shares as Class Z shares and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with Dreyfus AMT-Free Municipal Bond Fund on such date may purchase Class Z shares on behalf of "wrap accounts" or similar programs.
Dreyfus High Yield Municipal Bond Fund offers Class Z shares only to shareholders of the Fund with accounts that existed on the date the Fund classified its shares as Class Z shares and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with Dreyfus High Yield Municipal Bond Fund on such date may purchase Class Z shares on behalf of "wrap accounts" or similar programs.
SCHEDULE E
Shareholder Services Plan—Class A and Class C shares of each Fund, and Class Z shares of Dreyfus Municipal Bond Opportunity Fund, are subject to a Shareholder Services Plan pursuant to which the Fund pays the Distributor a fee at the annual rate of .25% of the Fund's average daily net assets attributable to Class A and Class C, and .20% of the Fund's average daily net assets attributable to Class Z, respectively, for providing shareholder services.  Class Z shares of Dreyfus California AMT-Free Municipal Bond Fund, Dreyfus AMT-Free Municipal Bond Fund, Dreyfus New Jersey Municipal Bond Fund, Inc., Dreyfus Connecticut Fund, Dreyfus Massachusetts Fund and Dreyfus Pennsylvania Fund are subject to a Shareholder Services Plan pursuant to which the Fund reimburses the Distributor an amount not to exceed an annual rate of .25% of the Fund's average daily net assets attributable to Class Z for the provision of shareholder services.
Service Plan—Class Z shares of Dreyfus GNMA Fund are subject to a Service Plan adopted pursuant to Rule 12b-1 under the 1940 Act, pursuant to which the Fund reimburses the Distributor for expenses incurred in distributing Class Z shares and servicing shareholder accounts and advertising and marketing with respect to Class Z, at a maximum aggregate annual rate of up to .20% of the Fund's average daily net assets attributable to Class Z.
Service Plan—Class Z shares of Dreyfus High Yield Municipal Bond Fund are subject to a Service Plan adopted pursuant to Rule 12b-1 under the 1940 Act, pursuant to which the Fund reimburses the Distributor for expenses incurred in distributing Class Z shares and servicing shareholder accounts and advertising and marketing with respect to Class Z, at a maximum aggregate annual rate of up to .25% of the Fund's average daily net assets attributable to Class Z.

 EX-99.2 3 p16-0052_ex99n2.htm RULE 18F-3 PLAN, AMENDED AS OF FEBRUARY 1, 2016
THE DREYFUS FAMILY OF FUNDS
(Dreyfus Family of Funds—Funds Included on Schedule A)
Rule 18f-3 Plan
Rule 18f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"), requires that the Board of an investment company desiring to offer multiple classes pursuant to said Rule adopt a plan setting forth the separate arrangement and expense allocation of each class, and any related conversion features or exchange privileges.
The Board, including a majority of the Board members who are not "interested persons" (as defined in the 1940 Act), of each of the investment companies, or series thereof, listed on Schedule A attached hereto, as such Schedule may be revised from time to time (each, a "Fund"), which desires to offer multiple classes in accordance with Rule 18f-3, has determined that the following plan is in the best interests of each class individually and each Fund as a whole:
1.            Class Designation:  Fund shares shall be divided, except as otherwise noted on Schedule A hereto, into Class A and Class C, and, if indicated on Schedule A hereto, Class I, Class Y and Class Z.
2.            Differences in Services:  The services offered to shareholders of each Class, as described in the Fund's prospectus or statement of additional information, unless otherwise noted on Schedule A hereto, shall be substantially the same, except that Right of Accumulation, Letter of Intent and Reinvestment Privilege shall be available only to holders of Class A shares, Checkwriting services shall be available only to holders of Class A or Class Z shares, and Dreyfus Express® services shall be available only to holders of Class Z shares.  Dreyfus Automatic Asset Builder®, Dreyfus Payroll Savings Plan, Dreyfus Government Direct Deposit, Dreyfus Dividend Sweep, Dreyfus Auto-Exchange Privilege and Dreyfus Automatic Withdrawal Plan are not available for Class Y shares.
3.            Differences in Distribution Arrangements:  Class A shares shall be offered with a front-end sales charge, as such term is defined under the Conduct Rules of the Financial Industry Regulatory Authority (the "FINRA Conduct Rules"), and a deferred sales charge (a "CDSC"), as such term is defined under the FINRA Conduct Rules, may be assessed on certain redemptions of Class A shares, including Class A shares purchased without an initial sales charge as part of an investment of $1 million or more.  The amount of the sales charge and the amount of and provisions relating to the CDSC pertaining to the Class A shares are set forth on Schedule B attached hereto.
Class C shares shall not be subject to a front-end sales charge, but shall be subject to a CDSC and shall be charged an annual distribution fee under a Distribution Plan adopted pursuant to Rule 12b-1 under the 1940 Act.  The amount of and provisions relating to the CDSC, and the amount of the fees under the Distribution Plan pertaining to the Class C shares, are set forth on Schedule C attached hereto.
Class I shares shall be offered at net asset value only to (i) bank trust departments, trust companies and insurance companies that have entered into agreements with the Fund's Distributor to offer Class I shares to their clients, (ii) law firms or attorneys acting as trustees or executors/administrators, (iii) foundations and endowments that make an initial investment in the Fund of at least $1 million, (iv) advisory fee-based accounts offered through financial intermediaries who, depending on the structure of the selected advisory platform, make Class I shares available, (v) certain institutional clients of an investment advisory subsidiary of The Bank of New York Mellon Corporation approved by The Dreyfus Corporation, and (vi) unaffiliated investment companies approved by the Fund's Distributor.
Class Y shares shall be offered at net asset value only to (i) institutional investors, acting for themselves or on behalf of their clients, that have entered into an agreement with the Fund's Distributor, and, except as otherwise may be approved by The Dreyfus Corporation with respect to certain qualified or non-qualified employee benefit plans, including 401(k), 403(b)(7), Keogh, pension, profit-sharing and other deferred compensation plans, whether established by corporations, partnerships, sole proprietorships, non-profit entities, trade or labor unions, or state and local governments ("Retirement Plans"), that make an initial investment in Class Y shares of the Fund of at least $1 million, (ii) certain institutional clients of an investment advisory subsidiary of The Bank of New York Mellon Corporation, provided that such clients are approved by The Dreyfus Corporation and make an initial investment in Class Y shares of the Fund of at least $1 million, and (iii) certain funds in the Dreyfus Family of Funds and series of BNY Mellon Funds Trust.
Class Z shares shall be offered at net asset value only to certain shareholders as set forth on Schedule D attached hereto.  To the extent indicated on Schedule E hereto, Class Z shares shall be subject to a Service Plan adopted pursuant to Rule 12b-1 under the 1940 Act.  The amount of fees and provisions relating to such Service Plan are set forth on Schedule E attached hereto.
Class A and Class C and, except as otherwise indicated, Class Z shares shall be subject to a Shareholder Services Plan as set forth on Schedule E hereto.
4.            Expense Allocation:  The following expenses shall be allocated, to the extent practicable, on a Class-by-Class basis:  (a) fees under the Distribution Plan, Service Plan and Shareholder Services Plan; (b) printing and postage expenses related to preparing and distributing materials, such as shareholder reports, prospectuses and proxies, to current shareholders of a specific Class; (c) Securities and Exchange Commission and Blue Sky registration fees incurred by a specific Class; (d) the expense of administrative personnel and services as required to support the shareholders of a specific Class; (e) litigation or other legal expenses relating solely to a specific Class; (f) transfer agent fees identified by the Fund's transfer agent as being attributable to a specific Class; and (g) Board members' fees incurred as a result of issues relating to a specific Class.
5.            Conversion Features:  No Class shall be subject to any automatic conversion feature.  Except as otherwise set forth on Schedule A hereto, shares of one Class of a Fund may be converted into shares of another Class of the Fund, provided the shareholder requesting the conversion meets the eligibility requirements for the purchase of the new Class of shares of the Fund.  Shares subject to a CDSC or a redemption fee at the time of the requested conversion shall not be eligible for conversion.
6.            Exchange Privileges:  Shares of a Class shall be exchangeable only for (a) shares of the same Class of other investment companies managed or administered by The Dreyfus Corporation or its affiliates as specified from time to time and, except for shares held through financial intermediary brokerage platforms, (b) shares of certain other Classes of such investment companies or shares of certain other investment companies as specified from time to time.
Amended as of:  February 1, 2016
SCHEDULE A
Name of Fund
  
Date Plan Adopted
     
Dreyfus Premier GNMA Fund, Inc.
--Dreyfus GNMA Fund*#
  
November 6, 2006
   (Revised as of July 27, 2015)
     
Dreyfus Premier California AMT-Free Municipal Bond
    Fund, Inc.
--Dreyfus California AMT-Free Municipal Bond Fund*†
  
April 28, 2004
   (Revised as of July 1, 2013)
     
Dreyfus Municipal Bond Opportunity Fund*
  
April 12, 1995
   (Revised as of March 13, 2012)
     
Dreyfus New Jersey Municipal Bond Fund, Inc.*†
  
October 22, 2002
   (Revised as of July 1, 2013)
     
Dreyfus New York AMT-Free Municipal Bond Fund†
  
April 12, 1995
   (Revised as of July 1, 2013)
     
Dreyfus State Municipal Bond Funds
--Dreyfus Connecticut Fund*†
  
April 12, 1995
   (Revised as of September 3, 2013)
--Dreyfus Massachusetts Fund*
    
--Dreyfus Pennsylvania Fund*
    
     
Dreyfus Municipal Funds, Inc.
--Dreyfus AMT-Free Municipal Bond Fund*†
--Dreyfus High Yield Municipal Bond Fund*†
 
  
January 16, 2003
   (Revised as of July 1, 2013)
________________________
*        The Fund also offers Class Z shares as described on Schedule D hereto.
†        The Fund also offers Class I and Class Y shares.
#        The Fund also offers Class Y shares.
SCHEDULE B
Front-End Sales Charge—Class A Shares—The public offering price for Class A shares, except as otherwise set forth herein, shall be the net asset value per share of Class A plus a sales load as shown below:
 
Total Sales Load



Amount of Transaction

As a % of offering price per share
  

As a % of
net asset value per share
Less than $50,000  
4.50
  
4.70
$50,000 to less than $100,000  
4.00
  
4.20
$100,000 to less than $250,000  
3.00
  
3.10
$250,000 to less than $500,000  
2.50
  
2.60
$500,000 to less than $1,000,000  
2.00
  
2.00
$1,000,000 or more  
-0-
  
-0-
Contingent Deferred Sales Charge—Class A Shares—A CDSC of 1.00% shall be assessed, except as set forth below, at the time of redemption of Class A shares purchased without an initial sales charge as part of an investment of at least $1,000,000 and redeemed within one year of purchase.  The terms contained in Schedule C pertaining to the CDSC assessed on redemptions of Class C shares, including the provisions for waiving the CDSC, shall be applicable to the Class A shares subject to a CDSC.  Letter of Intent and Right of Accumulation, to the extent offered, shall apply to purchases of Class A shares subject to a CDSC.
Class A Shares of Dreyfus New Jersey Municipal Bond Fund, Inc. Only—Shareholders beneficially owning Class A shares of Dreyfus New Jersey Municipal Bond Fund, Inc. on January 6, 2003 may purchase Class A shares of such Fund directly through the Fund's Distributor, for Fund accounts maintained with the Distributor, at net asset value without a front-end sales charge and redeem such Class A shares of the Fund without imposition of a CDSC.
Class A shares of a Fund may be purchased at net asset value without a front-end sales charge by the following individuals and entities:
• Full-time or part-time employees, and their family members, of The Dreyfus Corporation or any of its affiliates.
• Board members of The Dreyfus Corporation and Board members of the Dreyfus Family of Funds.
• Full-time employees, and their family members, of financial institutions that have entered into selling agreements with the Fund's Distributor.
• "Wrap" accounts for the benefit of clients of financial institutions, provided they have entered into an agreement with the Fund's Distributor specifying operating policies and standards.
• Qualified separate accounts maintained by an insurance company; any state, county or city or instrumentality thereof; and charitable organizations investing $50,000 or more in Fund shares and charitable remainder trusts, provided that such Class A shares are purchased directly through the Fund's Distributor for Fund accounts maintained with the Distributor.
• Investors who purchase Class A shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor, and either (i) have, or whose spouse or minor children have, beneficially owned shares and continuously maintained an open account with the Distributor in a Dreyfus-managed fund since on or before February 28, 2006, or (ii) such purchase is for a self-directed investment account that may or may not be subject to a transaction fee.
• Investors who participate in a self-directed investment brokerage account program offered by a financial intermediary that has entered into an agreement with the Fund's Distributor.  Financial intermediaries offering self-directed investment brokerage accounts may or may not charge their customers a transaction fee.
• Investors with the cash proceeds from the investor's exercise of stock options and/or disposition of stock related to employment-based stock plans, whether invested in the Fund directly or indirectly through an exchange from a Dreyfus money market fund, provided that the proceeds are processed through an entity that has entered into an agreement with the Fund's Distributor specifically relating to administering employment-based stock plans.  Upon establishing the account in the Fund or the Dreyfus money market fund, the investor and the investor's spouse and minor children shall become eligible to purchase Class A shares of the Fund at net asset value, whether or not the investor uses the proceeds of the employment-based stock plan to establish the account.
• Members of qualified affinity groups who purchase Class A shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor, provided that the qualified affinity group has entered into an affinity agreement with the Distributor.



SCHEDULE C
Contingent Deferred Sales Charge--Class C Shares—A CDSC of 1.00% payable to the Fund's Distributor shall be imposed on any redemption of Class C shares within one year of the date of purchase.  No CDSC shall be imposed to the extent that the net asset value of the Class C shares redeemed does not exceed (i) the current net asset value of Class C shares of the Fund acquired through reinvestment of Fund dividends or capital gain distributions, plus (ii) increases in the net asset value of the shareholder's Class C shares above the dollar amount of all payments for the purchase of Class C shares of the Fund held by such shareholder at the time of redemption.
If the aggregate value of the Class C shares redeemed has declined below their original cost as a result of the Fund's performance, a CDSC may be applied to the then-current net asset value rather than the purchase price.
In determining whether a CDSC is applicable to a redemption, the calculation shall be made in a manner that results in the lowest possible rate.  Therefore, it shall be assumed that the redemption is made first of amounts representing Class C shares of the Fund acquired pursuant to the reinvestment of Fund dividends and distributions; then of amounts representing the increase in net asset value of Class C shares above the total amount of payments for the purchase of Class C shares made during the preceding year; and finally, of amounts representing the cost of Class C shares held for the longest period of time.
Waiver of CDSC—The CDSC shall be waived in connection with (a) redemptions made within one year after the death or disability, as defined in Section 72(m)(7) of the Internal Revenue Code of 1986, as amended, of the shareholder, (b) redemptions by Retirement Plans, provided that the shares being redeemed were purchased through a financial intermediary that performs recordkeeping or other administrative services for the Retirement Plan and has entered into an agreement with the Fund's Distributor relating to such services, or were purchased directly through the Fund's Distributor, (c) redemptions as a result of a combination of any investment company with the Fund by merger, acquisition of assets or otherwise, (d) redemptions due to receiving applicable required minimum distributions from IRA accounts (other than Roth IRAs or Coverdell Education Savings Accounts) upon attaining age 70-1/2, and (e) redemptions pursuant to any systematic withdrawal plan as described in the Fund's prospectus.  The CDSC also shall be waived in connection with redemptions by Retirement Plans of Fund shares purchased on or before January 31, 2016.  If a CDSC waiver is discontinued, Fund shares subject to a CDSC which were purchased prior to the termination of such waiver shall have the CDSC waived as provided in the Fund's prospectus at the time of the purchase of such shares.
Amount of Distribution Plan Fees—Class C Shares—.75 of 1% of the value of the average daily net assets of Class C.
 
SCHEDULE D
Class Z Shares—Dreyfus California AMT-Free Municipal Bond Fund offers Class Z shares only to shareholders of the Fund with accounts that existed on the date the Fund classified its shares as Class Z shares (September 30, 2004), or who received Class Z shares in exchange for their shares of General California Municipal Bond Fund, Inc., Dreyfus California Municipal Income, Inc. or Dreyfus California Intermediate Municipal Bond Fund as a result of the reorganizations of such funds, and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with the Fund on September 30, 2004, or with General California Municipal Bond Fund, Inc., Dreyfus California Municipal Income, Inc. or Dreyfus California Intermediate Municipal Bond Fund, Inc. at the time of the reorganizations of such funds, may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
Dreyfus Connecticut Fund offers Class Z shares only to shareholders of the Fund who received Class Z shares in exchange for their shares of Dreyfus Connecticut Intermediate Municipal Bond Fund as a result of the reorganization of such fund and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with Dreyfus Connecticut Intermediate Municipal Bond Fund at the time of the reorganization of such fund may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
Dreyfus Massachusetts Fund offers Class Z shares only to shareholders of the Fund who received Class Z shares in exchange for their shares of Dreyfus Massachusetts Tax Exempt Bond Fund or Dreyfus Massachusetts Intermediate Municipal Bond Fund as a result of the reorganizations of such funds and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with Dreyfus Massachusetts Tax Exempt Bond Fund or Dreyfus Massachusetts Intermediate Municipal Bond Fund at the time of the reorganizations of such funds may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
Dreyfus Pennsylvania Fund offers Class Z shares only to shareholders of the Fund who received Class Z shares in exchange for their shares of Dreyfus Pennsylvania Intermediate Municipal Bond Fund as a result of the reorganization of such fund and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with Dreyfus Pennsylvania Intermediate Municipal Bond Fund at the time of the reorganization of such fund may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
Dreyfus Municipal Bond Opportunity Fund offers Class Z shares only to shareholders of the Fund who received Class Z shares in exchange for their shares of General Municipal Bond Fund, Inc. as a result of the reorganization of such fund and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with General Municipal Bond Fund, Inc. at the time of the reorganization of such fund may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
Dreyfus New Jersey Municipal Bond Fund, Inc. offers Class Z shares only to shareholders of the Fund who received Class Z shares in exchange for their shares of Dreyfus New Jersey Intermediate Municipal Bond Fund as a result of the reorganization of such fund and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker dealers and other financial institutions maintaining accounts with Dreyfus New Jersey Intermediate Municipal Bond Fund at the time of the reorganization of such fund may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
Dreyfus GNMA Fund offers Class Z shares only to shareholders of the Fund with accounts that existed on the date the Fund classified its shares as Class Z shares and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with Dreyfus GNMA Fund on such date may purchase Class Z shares on behalf of qualified Retirement Plans and "wrap accounts" or similar programs.
Dreyfus AMT-Free Municipal Bond Fund offers Class Z shares only to shareholders of the Fund with accounts that existed on the date the Fund classified its shares as Class Z shares and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with Dreyfus AMT-Free Municipal Bond Fund on such date may purchase Class Z shares on behalf of "wrap accounts" or similar programs.
Dreyfus High Yield Municipal Bond Fund offers Class Z shares only to shareholders of the Fund with accounts that existed on the date the Fund classified its shares as Class Z shares and who purchase such shares directly through the Fund's Distributor for Fund accounts maintained with the Distributor.  In addition, certain broker-dealers and other financial institutions maintaining accounts with Dreyfus High Yield Municipal Bond Fund on such date may purchase Class Z shares on behalf of "wrap accounts" or similar programs.
SCHEDULE E
Shareholder Services Plan—Class A and Class C shares of each Fund, and Class Z shares of Dreyfus Municipal Bond Opportunity Fund, are subject to a Shareholder Services Plan pursuant to which the Fund pays the Distributor a fee at the annual rate of .25% of the Fund's average daily net assets attributable to Class A and Class C, and .20% of the Fund's average daily net assets attributable to Class Z, respectively, for providing shareholder services.  Class Z shares of Dreyfus California AMT-Free Municipal Bond Fund, Dreyfus AMT-Free Municipal Bond Fund, Dreyfus New Jersey Municipal Bond Fund, Inc., Dreyfus Connecticut Fund, Dreyfus Massachusetts Fund and Dreyfus Pennsylvania Fund are subject to a Shareholder Services Plan pursuant to which the Fund reimburses the Distributor an amount not to exceed an annual rate of .25% of the Fund's average daily net assets attributable to Class Z for the provision of shareholder services.
Service Plan—Class Z shares of Dreyfus GNMA Fund are subject to a Service Plan adopted pursuant to Rule 12b-1 under the 1940 Act, pursuant to which the Fund reimburses the Distributor for expenses incurred in distributing Class Z shares and servicing shareholder accounts and advertising and marketing with respect to Class Z, at a maximum aggregate annual rate of up to .20% of the Fund's average daily net assets attributable to Class Z.
Service Plan—Class Z shares of Dreyfus High Yield Municipal Bond Fund are subject to a Service Plan adopted pursuant to Rule 12b-1 under the 1940 Act, pursuant to which the Fund reimburses the Distributor for expenses incurred in distributing Class Z shares and servicing shareholder accounts and advertising and marketing with respect to Class Z, at a maximum aggregate annual rate of up to .25% of the Fund's average daily net assets attributable to Class Z.