Several Dreyfus Funds Named "Best-in- Class" in their Category for Select Time Periods

Dreyfus Commends BNY Mellon Asset Management Affiliates The Boston Company Asset Management, Walter Scott, Hamon and Standish

NEW YORK, April 1, 2010 — The Dreyfus Corporation, part of BNY Mellon Asset Management, today announced that several Dreyfus funds were named the best funds in their categories for stated time periods at the 2010 Lipper Fund Awards.  

"Delivering consistent, outstanding performance for Dreyfus investors has always been one of our most important strategic priorities," said Dreyfus Chairman and CEO Jon Baum.  "Lipper's recognition of several Dreyfus funds as winners in their respective categories is evidence that BNY Mellon Asset Management's multi-boutique style of disciplined investment management is working."

*The Dreyfus Corporation is a subsidiary of BNY Mellon and investment adviser to the first four above-listed funds. BNY Mellon Asset Management is the umbrella organization for BNY Mellon's affiliated investment management firms and global distribution companies. Portfolio managers from The Boston Company Asset Management, LLC (TBCAM), a Dreyfus affiliate, manage Dreyfus Opportunistic Small Cap Fund pursuant to a dual-employee relationship with Dreyfus, applying TBCAM's proprietary investment process to the fund.  Walter Scott & Partners Ltd., a Dreyfus affiliate, serves as sub-adviser to Global Stock Fund and Hamon U.S. Investment Advisors Limited serves as sub-adviser to Dreyfus Greater China Fund, with each providing day-to-day management of its respective fund. BNY Mellon has a minority ownership interest in Hamon Investment Group, the parent of Hamon U.S. Investment Advisors Limited.  Portfolio managers from Standish Mellon Asset Management Company LLC, a Dreyfus affiliate, manage Dreyfus Short-Intermediate Municipal Bond Fund pursuant to a dual-employee relationship with Dreyfus, applying Standish's proprietary investment process to the fund.  Portfolio managers from The Bank of New York Mellon, a Dreyfus affiliate, manage BNY Mellon New York Intermediate Tax-Exempt Bond Fund pursuant to a dual-employee relationship with Dreyfus, applying The Bank of New York Mellon's proprietary investment process to the fund.  

Rankings reflect past performance, which is no guarantee of future results. Share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Go to dreyfus.com for a fund's latest month-end returns.

Investors should consider the investment objectives, risks, charges and expenses of any mutual fund carefully before investing. Contact your advisor to obtain a prospectus that contains this and other information about a fund. Read it carefully before investing. Other share classes may have achieved different results.  Class I and M shares are only available to select investors.  

These Lipper Fund Awards recognize funds that have excelled in delivering consistently strong risk-adjusted performance, relative to their peers, for the 3-, 5- and 10-year periods, as determined by having achieved the highest Lipper Leader for Consistent Return value within each eligible classification over an individual time period.  Lipper Leaders for Consistent Return may be the best fir for investors who value a fund's year-to-year consistency relative to other funds in a particular peer group.  Investors are cautioned that some peer groups are inherently more volatile than others, and even Lipper Leaders for Consistent Return in the most volatile groups may not be well suited to shorter-term goals or less risk-tolerant investors.  For a detailed explanation, please review the Lipper Leaders methodology document on www.lipperweb.com.

Equity funds are subject generally to market, market sector, market liquidity, issuer and investment style risks, among other factors, to varying degrees. These risks are more fully described in a fund's prospectus. Small and midsize companies involve greater risk because their earnings and revenues tend to be less predictable (and some companies may be experiencing significant losses), and their share prices more volatile than those of larger, more established companies.

Bond funds are subject generally to interest rate, credit, liquidity and market risks, to varying degrees, all of which are more fully described in a fund's prospectus. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes, and rate increases can produce price declines.

Investing internationally involves special risks, including changes in currency exchange rates, political and economic instability, less market liquidity, lack of comprehensive company information, and differing auditing and legal standards. Emerging markets tend to be more volatile than the markets of more mature economies,.  

The stock market of the Greater China region, like those of other developing economies, has experienced significant volatility. The fund's performance will be influenced by political, social and economic factors affecting investments in companies in this region. The fund's concentration in securities of companies in the Greater China region could cause the fund's performance to be more volatile than that of a more geographically diversified fund.

Notes to Editors:

The Dreyfus Corporation, established in 1951 and headquartered in New York City, is one of the nation's leading asset management and distribution companies, currently managing more than $400 billion in mutual funds and separately managed accounts.

BNY Mellon Asset Management is the umbrella organization for BNY Mellon's affiliated investment management firms and global distribution companies.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets.  BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.  It has $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day.  Additional information is available at www.bnymellon.com.