Dreyfus Enlarging Premier Calif. Open-End Fund With a Merger

Johnson, Matthew
January 2005
Bond Buyer;1/26/2005, Vol. 351 Issue 32057, p6
Trade Publication
This article reports that New York-based Dreyfus Corp. will continue to enlarge its open-end Premier California Tax-Exempt Bond Fund tomorrow when it merges a smaller California fund into it for the second time in as many years. By acquiring the $41 million closed end Dreyfus California Municipal Income Fund, the Premier fund's size will expand to roughly $1.36 billion. The planned merger follows the Premier fund's acquisition of the $200 million-plus open-end General California Municipal Bond Fund in 2004 to make management more efficient and benefit from a larger portfolio.


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