0000318478-22-000026.txt : 20220919 0000318478-22-000026.hdr.sgml : 20220919 20220919162404 ACCESSION NUMBER: 0000318478-22-000026 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20220919 DATE AS OF CHANGE: 20220919 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNY MELLON APPRECIATION FUND, INC. CENTRAL INDEX KEY: 0000318478 IRS NUMBER: 133088846 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-03081 FILM NUMBER: 221250861 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 200 PARK AVENUE, 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 200 PARK AVENUE, 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10286 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS APPRECIATION FUND, INC. DATE OF NAME CHANGE: 20181030 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS APPRECIATION FUND INC DATE OF NAME CHANGE: 19930427 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL COMMON STOCK FUND INC DATE OF NAME CHANGE: 19831103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNY Mellon Investment Funds IV, Inc. CENTRAL INDEX KEY: 0000819940 IRS NUMBER: 134024319 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05202 FILM NUMBER: 221250864 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS/LAUREL FUNDS, INC. DATE OF NAME CHANGE: 20181030 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS/LAUREL FUNDS, INC DATE OF NAME CHANGE: 20181030 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS/LAUREL FUNDS INC DATE OF NAME CHANGE: 20040419 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNY Mellon Worldwide Growth Fund, Inc. CENTRAL INDEX KEY: 0000897569 IRS NUMBER: 133712071 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-07512 FILM NUMBER: 221250862 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS PREMIER WORLDWIDE GROWTH FUND, INC. DATE OF NAME CHANGE: 20181030 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS PREMIER WORLDWIDE GROWTH FUND INC DATE OF NAME CHANGE: 19990609 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS PREMIER GROWTH FUND INC DATE OF NAME CHANGE: 19970227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNY MELLON VARIABLE INVESTMENT FUND CENTRAL INDEX KEY: 0000813383 IRS NUMBER: 133685668 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05125 FILM NUMBER: 221250863 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS VARIABLE INVESTMENT FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS VARIABLE LIFE INVESTMENT FUND DATE OF NAME CHANGE: 19890925 0000318478 S000000008 BNY Mellon Appreciation Fund, Inc. C000000012 Investor Shares DGAGX C000130309 Class Y DGYGX C000173298 Class I DGIGX 0000813383 S000001912 Appreciation Portfolio C000005030 Appreciation Portfolio - Initial Shares C000005036 Appreciation Portfolio - Service Shares 0000819940 S000000305 BNY Mellon Tax Managed Growth Fund C000000759 Class A DTMGX C000000761 Class C DPTAX C000023266 Class I DPTRX 0000897569 S000000096 BNY Mellon Worldwide Growth Fund, Inc. C000000155 Class A PGROX C000000157 Class C PGRCX C000000158 Class I DPWRX C000130308 Class Y DPRIX DEFA14A 1 lp1.htm FAYEZ REMINDER

SCHEDULE 14A

(RULE 14A-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES

EXCHANGE ACT OF 1934 (AMENDMENT NO. ____)

 

Filed by the Registrant [X]

Filed by a Party other than the [_]

Registrant

 

Check the appropriate box:

[_]       Preliminary Proxy Statement

[_]       Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

[_]       Definitive Proxy Statement

[X]       Definitive Additional Materials

[_]       Soliciting Materials under Rule 14a-12

 

BNY Mellon Variable Investment Fund
BNY Mellon Appreciation Fund, Inc.
BNY Mellon Worldwide Growth Fund, Inc.
BNY Mellon Investment Funds IV, Inc.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

 

Payment of Filing Fee (check the appropriate box):

[X]       No fee required.

[_]       Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

(1)       Title of each class of securities to which transaction applies:

(2)       Aggregate number of securities to which transaction applies:

(3)       Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11:

(4)       Proposed maximum aggregate value of transaction:

(5)       Total Fee Paid:

[_]        Fee paid previously with preliminary materials.

[_]Check box if any part of the fee is offset as provided by Exchange Act Rule 0- 11(a)(2) and identify the filing for which the offsetting fee was paid previously.

 

Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

(1)       Amount Previously Paid:

(2)       Form, Schedule or Registration Statement No.:

(3)       Filing Party:

(4)       Date Filed:

 

 

 

BNY Mellon Funds

Sub-advised by Fayez Sarofim &Co.

 

PLEASE REVIEW

 

Dear Shareholder:

 

As we recently informed you in separate proxy materials, Mr. Fayez Sarofim, the founder and controlling shareholder of Fayez Sarofim & Co. ("Sarofim & Co."), passed away on May 28, 2022. Sarofim & Co. currently serves as the sub- investment adviser for each of BNY Mellon Appreciation Fund, Inc., BNY Mellon Variable Investment Fund-Appreciation Portfolio, BNY Mellon Tax Managed Growth Fund and BNY Mellon Worldwide Growth Fund, Inc. (each, a "Fund"). Mr. Fayez Sarofim's passing caused a "change in control" of Sarofim & Co., which triggered an assignment and automatic termination of each Fund's then-existing sub-investment advisory agreement with Sarofim & Co., effective as of May 28, 2022 (the "Effective Date"). To enable Sarofim & Co. to continue to provide sub-investment advisory services to each Fund after the Effective Date, the Fund's Board approved an interim sub-investment advisory agreement, which did not require shareholder approval before it went into effect on the Effective Date, and a new sub-investment advisory agreement, which requires approval by the Fund's shareholders before it can go into effect. As to each Fund, as required pursuant to applicable regulations, the interim sub-investment advisory agreement expires upon the earlier of 150 days after the Effective Date or upon shareholder approval and effectiveness of the new sub-investment advisory agreement. Therefore, as to each Fund, the Board has called a special joint meeting of shareholders of the Funds (the "Special Meeting") to seek shareholder approval of the new sub-investment advisory agreement in order to ensure that Sarofim & Co. can provide uninterrupted service as sub-adviser to the Fund. Sarofim & Co. has served as each Fund's sub-adviser since the Fund's inception.

 

The Special Meeting will be held on October 4, 2022 at 10:00 a.m., Eastern Time, in order for Fund shareholders to consider approving the new sub-advisory agreements with Sarofim & Co. for the Funds. The new sub-investment advisory agreement for each Fund is substantially similar in material respects to the prior sub-investment advisory agreements for the Fund and each Fund’s investment strategy. management policies, sub-investment advisory fee and portfolio managers (with the exception of Mr. Fayez Sarofim) will not change in connection with the implementation of the new sub-investment advisory agreement. BNY Mellon Investment Adviser, Inc. will continue to serve as each Fund's investment adviser.

 

WHAT DO WE NEED FROM YOU?

In order to ensure that Sarofim & Co. can continue to provide uninterrupted services as the sub-adviser to each Fund, each fund and its shareholders need to approve the new sub-investment advisory agreement at the Special Meeting. Please also note that each Fund’s shareholder base is made up of thousands of investors just like yourself, which makes your vote even more important no matter how many shares you own. Accordingly, your vote is critical to the approval of this proposal.

 

 
 

 

PLEASE VOTE.

 

Utilize one of the Convenient options listed here:

VOICE YOUR SAY ON THIS MATTER NOW.

1. BY PHONE. You may cast your vote by telephone by calling the toll-free number listed on the enclosed proxy card and following the prerecorded information, or 1-866-796-7181 to cast your vote with a live proxy specialist, quickly and easily.

 

2. INTERNET. You may cast your vote using the Internet by logging onto the Internet address located on the enclosed proxy card and following the instructions on the website.

 

3. VIA MAIL. You may cast your vote by mail by signing, dating and mailing the enclosed proxy card in the postage-prepaid return envelope provided

 

 
 

 

 

 

For further information about the Special Meeting, the proposal and how to vote or to obtain a copy of the Joint Proxy Statement, you can go to www.im.bnymellon.com/us/en/individual/resources/proxy-materials.jsp or reach us at 866-796-7181 between the hours of 9:00 a.m. and 10:00 p.m., Eastern Time, Monday through Friday and Saturday 10:00 a.m. to 6 p.m., Eastern Time.

 

We greatly appreciate your consideration and investment with the BNY Mellon Family of Funds. Sincerely,

 

 

 

 

 

 

 

 

David DiPetrillo

President

BNY Mellon Family of Funds

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