Dreyfus Global Real Return Fund Aims to Achieve Absolute Returns with Minimal Volatility

NEW YORK, May 14, 2010 — The Dreyfus Corporation, part of BNY Mellon Asset Management, today announced the launch of Dreyfus Global Real Return Fund, Inc., a world allocation fund with an emphasis on global absolute return managed by Newton Capital Management Limited, a BNY Mellon Asset Management boutique, which specializes in global and regional equities and bonds, as well as multi-asset and absolute return funds.

"World allocation funds, especially those pursuing absolute returns, are playing an increasingly important role for investors in a volatile marketplace," said Jon Baum, chairman and CEO of The Dreyfus Corporation.  "For investors interested in an actively managed fund that is not managed to a benchmark and that seeks to provide returns independent of market moves, Dreyfus Global Real Return Fund is structured with the latitude and flexibility to seek real returns."

"As part of BNY Mellon Asset Management's multi-boutique style of disciplined investment management, Dreyfus provides unique access to its exclusive and diverse global network of world-class asset managers," Baum continued.  "Based in London, Newton* is widely recognized as a top-tier investment house, renowned for its distinctive and proven global thematic investment approach, which is applied consistently across all strategies, including multi-asset global absolute return funds."  The investment adviser for Dreyfus Global Real Return Fund is Dreyfus; the Fund's sub-adviser is Newton Capital Management Limited.  Both Dreyfus and Newton are part of BNY Mellon Asset Management.

Dreyfus Global Real Return seeks total return, consisting of capital appreciation and income.  To pursue its goal, the Fund uses an actively-managed multi-asset strategy to produce absolute or real returns with less volatility than major equity markets over a complete market cycle, typically a period of five years.  The Fund is not managed to a benchmark index; it seeks to provide returns that are largely independent of market moves. The Fund allocates its investments among global equities, bonds and cash, and, generally to a less extent, other asset classes, including real estate, commodities, currencies and alternative or non-traditional asset classes and strategies by investing in securities and through derivative instruments. James Harries, the fund's primary portfolio manager is Director of Investment, Global Funds, at Newton. He has over 13 years of experience. Dreyfus Global Real Return Fund will be managed in line with Newton's global thematic investment approach.

Investors should consider the investment objective, risks, charges and expenses of the fund carefully before investing. Call your advisor to obtain a prospectus that contains this and other information about the fund. Read it carefully before investing.

Equity securities are subject generally to market, market sector, market liquidity, issuer, and investment style risks, among other factors, to varying degrees. Bonds are subject generally to interest rate, credit, liquidity, call, sector, and market risks, to varying degrees. All of the fund's risks are more fully described in the prospectus.

Foreign securities will be influenced by changing political, social and economic factors, exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, and differing auditing and legal standards.

Investments in foreign currencies are subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedged positions, that the U.S. dollar will decline relative to the currency being hedged. Each of these risks could increase the fund's volatility.

The value of real estate related securities will be affected by factors particular to the real estate sector and may be subject to risks similar to those associated with the direct ownership of real estate.   The values of commodities and commodity-linked investments are affected by events that might have less impact on the values of stocks and bonds. Investments linked to the prices of commodities are considered speculative.   Exposure to the real estate and commodities markets may subject the fund to greater volatility than investments in traditional securities.

The fund may use derivative instruments, such as options, futures, and options on futures.  The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. A small investment in derivatives could have a potentially large impact on the fund's performance.

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 approximately $400 billion in mutual funds and separately managed accounts.

Newton* is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon Asset Management. With assets under management of more than $67 billion, including assets managed by Newton Investment Management Limited as dual officers of Newton Capital Management Limited and The Bank of New York Mellon, Newton's group of affiliated companies provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. News and other information about Newton is available at www.newton.co.uk.

BNY Mellon Asset Management is the umbrella organization for BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management is available at www.bnymellonam.com.

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 $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.

©2010 MBSC Securities Corporation, Distributor.

*'Newton' refers to the following group of affiliated companies: Newton Investment Management Limited, Newton Capital Management Limited, Newton International Investment Management Limited, Newton Capital Management LLC and Newton Fund Managers (CI) Limited. Assets under management include assets managed by all of these companies except Newton Capital Management LLC, which provides marketing services in the U.S. for Newton Capital Management Limited.  Except for Newton Capital Management LLC and Newton Capital Management Limited, none of the other Newton companies offer services in the US and Canada. Newton Capital Management Limited is an investment management firm authorized and regulated in the United Kingdom by the Financial Services Authority in the conduct of investment business and is a wholly owned subsidiary of The Bank of New York Mellon Corporation.  Registered in England no: 2675952.  Newton Capital Management Limited is registered in the United States as an investment adviser under the Investment Advisers Act of 1940. All information source BNY Mellon Asset Management as at 3/31/10. This press release is qualified for issuance in the US only and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Asset Management to members of the financial press and media and the information contained herein should not be construed as investment advice.  Past performance is not a guide to future performance.

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