November 1, 2022
Supplement to Current Summary Prospectus and Prospectus
Effective on or about December 1, 2022 (the "Effective Date"), the following information supersedes and replaces any contrary information in the sections "Fees and Expenses" in the fund's summary prospectus and "Fund Summary – Fees and Expenses" in the fund's prospectus:
Class A | Class C | Class I | Class Y | Class Z | |
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | |||||
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price) | |||||
Class A | Class C | Class I | Class Y | Class Z | |
Management fees** | |||||
Distribution (12b-1) fees | |||||
Other expenses: | |||||
Shareholder services fees | |||||
Miscellaneous other expenses*** | |||||
Total other expenses | |||||
Total annual fund operating expenses | |||||
* ** *** Includes interest expense in the amount of .03% in connection with inverse floater securities. | |||||
1 Year | 3 Years | 5 Years | 10 Years | |
Class A (with or without redemption at end of period) | $ | $ | $ | $ |
Class C (with redemption at end of period) | $ | $ | $ | $ |
Class C (without redemption at end of period) | $ | $ | $ | $ |
Class I (with or without redemption at end of period) | $ | $ | $ | $ |
Class Y (with or without redemption at end of period) | $ | $ | $ | $ |
Class Z (with or without redemption at end of period) | $ | $ | $ | $ |
******
Effective on the Effective Date, the following information supersedes and replaces any contrary information in the sections "Shareholder Guide – Choosing a Share Class – Class A Shares," " – Class C Shares" and " – Class I Shares" in the fund's statutory prospectus:
Class A Shares
When you invest in Class A shares, you pay the public offering price, which is the share price, or net asset value (NAV), plus the initial sales charge that may apply to your purchase. The amount of the initial sales charge is based on the size of your investment, as the following table shows.
If you invest $250,000 or more (and are not eligible to purchase Class I, Y or Z shares), Class A shares, rather than Class C shares, will always be the most advantageous choice.
Total Sales Load--Class A Shares | ||
Amount of Transaction | As a % of Offering Price per Share | As a % of Net Asset Value per Share |
Less than $50,000 | 4.50 | 4.71 |
$50,000 to less than $100,000 | 4.00 | 4.17 |
$100,000 to less than $250,000 | 3.00 | 3.09 |
$250,000 or more* | -0- | -0- |
* No front-end sales load applies on investments of $250,000 or more, but a CDSC of 1.00% may be imposed on certain redemptions of such shares within one year of the date of purchase. See "Additional Information About CDSCs" below. | ||
If you purchase Class A shares directly from the fund or through a financial intermediary, other than those financial intermediaries as described in the Appendix to the prospectus, you can reduce your initial sales charge in the following ways:
● Rights of accumulation. You can count toward the amount of your investment your total account value in all shares of the fund and other funds in the BNY Mellon Family of Funds that are subject to a sales charge. For example, if you have $250,000 invested in shares that are subject to a sales charge of other funds in the BNY Mellon Family of Funds, you can invest in Class A shares of the fund without an initial sales charge. For purposes of determining "your total account value", shares held will be valued at their current market value. We may terminate or change this privilege at any time on written notice.
Class C Shares
Because Class A shares will always be a more favorable investment than Class C shares for investments of $250,000 or more, the fund will generally not accept a purchase order for Class C shares in the amount of $250,000 or more. While the fund will take reasonable steps to prevent investments of $250,000 or more in Class C shares, it may not be able to identify such investments made through certain financial intermediaries or omnibus accounts.
Class I Shares
Since you pay no initial sales charge, an investment of less than $250,000 in Class I shares buys more shares than the same investment would in a class of shares subject to an initial sales charge.
0928STK1122
November 1, 2022
BNY MELLON CALIFORNIA AMT-FREE MUNICIPAL BOND FUND, INC.
Supplement to Current Statement of Additional
Information
Effective on December 1, 2022, the following information supplements the information contained in "How to Buy Shares – Class A" in Part II of the fund's Statement of Additional Information:
Class A
The public offering price for Class A shares of BNY Mellon California AMT-Free Municipal Bond Fund, Inc. is the net asset value per share of that class, plus a sales load as shown below:
|
BNY Mellon California AMT-Free Municipal Bond Fund, Inc. Total Sales Load*—Class A Shares |
Amount of Transaction |
As a % of offering price per share |
As a % of net asset value per share |
Dealers’ reallowance as a % of offering price |
| Less than $50,000 | 4.50 | 4.71 | 4.25 |
| $50,000 to less than $100,000 | 4.00 | 4.17 | 3.75 |
| $100,000 to less than $250,000 | 3.00 | 3.09 | 2.75 |
| $250,000 or more | -0- | -0- | Up to 1.00 |
____________________________
* Due to rounding, the actual sales load you pay may be more or less than that calculated using these percentages.
Class A shares of BNY Mellon California AMT-Free Municipal Bond Fund, Inc. purchased without an initial sales load as part of an investment of $250,000 or more may be assessed at the time of redemption a 1.00% CDSC if redeemed within one year of the date of purchase. The Distributor may pay Service Agents an up-front commission of up to 1.00% of the net asset value of Class A shares of BNY Mellon California AMT-Free Municipal Bond Fund, Inc. purchased by their clients as part of a $250,000 or more investment in Class A shares that are subject to a CDSC. If the Service Agent waives receipt of such commission, the CDSC applicable to such Class A shares will not be assessed at the time of redemption.
GRP3-SAISTK-1122