Dreyfus International Bond Fund Receives Lipper Award in its Category for 5-Year Period

NEW YORK, March 26, 2012 — The Dreyfus Corporation*, part of BNY Mellon Asset Management, today announced that Dreyfus International Bond Fund received a Lipper Award in its category for the 5-year period at the 2012 Lipper Fund Awards. 

"Investors need to globalize their portfolios and think beyond the U.S.," said Dreyfus Chairman and CEO Jon Baum.  "With the average retail investor likely maintaining a 'home bias,' we believe Dreyfus International Bond Fund is a smart choice for investors seeking portfolio diversification," Baum continued.  "Lipper's recognition of this historically strong performer underscores the investment management expertise at Standish*, our BNY Mellon affiliate."

Past performance is no guarantee of future results. Yield, 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 the fund carefully before investing. Contact your advisor to obtain a prospectus that contains this and other information about the  fund. Read it carefully before investing. Other share classes will have achieved different results.  Class I shares are only available to eligible investors. 

*The Dreyfus Corporation is a subsidiary of BNY Mellon and investment adviser to the Dreyfus International Bond Fund.   Portfolio managers from Standish Mellon Asset Management Company LLC, a Dreyfus affiliate, manage Dreyfus International Bond Fund pursuant to a dual-employee relationship with Dreyfus, applying Standish's proprietary investment process to the fund. 

**Source: Lipper Inc. 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 Fund Awards and Lipper Leaders for Consistent Return may be the best fit 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 Fund Award and Lipper Leaders methodology documents on www.lipperweb.com.

Asset allocation and diversification cannot guarantee a profit or protect against loss. 

Bond funds are subject generally to interest rate, credit, liquidity, prepayment and extension, derivative and market risks, to varying degrees, all of which are more fully described in a fund's prospectus. 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.

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.   MBSC Securities Corporation, distributor.

Standish Mellon Asset Management Company LLC, with approximately $86 billion of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include corporate credit (investment-grade and high-yield), emerging markets debt (dollar-denominated and local currency), core / core plus and opportunistic (U.S. and global) strategies.  Standish also offers full service capabilities in Insurance and liability driven investing. The firm also includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon.

BNY Mellon Asset Management is one of the world's leading asset management organizations, encompassing 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 a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets.  BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team.  It has $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5  trillion per day.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).  Additional information is available at www.bnymellon.com or follow us on Twitter@BNYMellon.

The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact markets.awards@thomsonreuters.com or visit excellence.thomsonreuters.com

All information source BNY Mellon Asset Management as of December 31, 2011. 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. A BNY Mellon Company(SM)