Dreyfus Launches SPARK Shares of Dreyfus Government Cash Management Available Exclusively through BNY Mellon

SPARK^SM shares empower institutional clients to align their liquidity investments with their philanthropic goals by contributing 10% of net revenue to an eligible non-profit organization of their choice

NEW YORK, Sept. 26, 2023/PRNewswire/ -- Dreyfus, one of the largest, trusted cash and liquidity managers, announced today the launch of SPARK^SM shares (ticker: SPKXX).¹ The share class allows clients to drive change with their liquidity investments by directing a donation to an eligible non-profit organization of their choice.^2,3 The donation is expected to result in a positive, quantifiable impact for the selected organization.

"Dreyfus created SPARK shares to give clients the power to drive change by selecting a charitable cause that aligns with their giving goals," said Laide Majiyagbe, Head of Financing and Liquidity at BNY Mellon Markets. "SPARK shares support clients' philanthropic aspirations, and we are pleased to make it available exclusively through BNY Mellon, including our LiquidityDirect^® platform."

Offered through the flagship Dreyfus Government Cash Management fund, Dreyfus' largest money market fund with $115 billionin assets and nearly 40 years in operation,⁴ SPARK shares will donate 10% of net revenue⁵ annually to the selected non-profit based on each client's average balance. Our inaugural investors, including Jefferies, Macquarie Group and Protective Life Corporation, have invested $1 billion⁶ in SPARK shares.

"Investors in SPARK shares can make a difference where they believe it matters the most. Our aspiration is to help our clients make their cash work harder by positively impacting their communities," said Stephanie Pierce, Chief Executive Officer for Dreyfus, Mellon and Exchange-Traded Funds. "Our flagship Dreyfus Government Cash Management fund is an industry-leading money market fund that offers a competitive yield and is led by a seasoned team. Dreyfus is proud to extend our legacy of innovation by helping clients make an impact while managing their liquidity."

The launch of SPARK shares is another example of BNY Mellon's endeavor to leverage its financial platforms and global capabilities to support local communities. Dreyfus and BNY Mellon are proud to offer investors the opportunity to fulfill their own philanthropic goals, as well as their core liquidity needs, through SPARK shares.

For more information on SPARK shares please visit: https://www.dreyfus.com/products/the-spark-shares.html.

About Dreyfus
Dreyfus is one of the largest, trusted liquidity managers in the industry. Our strategies span across all major asset classes, including prime, Treasury, US government, municipals and short duration fixed income. Investors can access our capabilities in domestic and offshore money market mutual funds, separately managed accounts and ETF vehicles. With nearly 50 years of history, we are committed to building innovative liquidity solutions with our clients in mind. Dreyfus is a division of Mellon Investments Corporation (MIC), a registered investment adviser and subsidiary of BNY Mellon. BNY Mellon Investment Adviser, Inc. (BMIA) has engaged its affiliate MIC to serve as the fund's sub-adviser. For more information, please visit www.dreyfus.com.

About BNY Mellon
Established in 1784, BNY Mellon is America's oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon had $46.9 trillionin assets under custody and/or administration and $1.9 trillionin assets under management as of June 30, 2023. BNY Mellon has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com. Follow us on LinkedIn or visit our Newsroom for the latest company news.

About LiquidityDirect®
LiquidityDirect supports $15 trillionin annual money market fund (MMF) transaction flows for more than 6,000 clients across every segment and region.⁷ A global leader in providing access to money market funds for over 25 years, LiquidityDirect offers comprehensive short-term investment solutions including MMFs, Deposits, Commercial Paper, Insured Cash Sweep (ICS®), FICC Repo, Ultra Short ETFs, and Mutual Funds⁸ - delivering the leading investment and liquidity options through a big picture view of your portfolio. Additional information available at https://certainty-bnymellon.com/LiquidityDirect.html.

About BNY Mellon Investment Management
BNY Mellon Investment Management is one of the world's largest asset managers, with $1.9 trillionin assets under management as of June 30, 2023. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from seven investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY Mellon. Additional information on BNY Mellon Investment Management is available on www.bnymellonim.com. 

BNY Mellon Investment Management is a division of BNY Mellon; BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of June 30, 2023, BNY Mellon had $46.9 trillionin assets under custody and/or administration, and $1.9 trillionin assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. 

Media Contact
Sue Watt
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323.948.7784

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