BNY Plans Adviser Merger and High Yield Fund Rename
BNY plans to consolidate U.S. investment firms into BNY Investments Corporation, subject to regulatory requirements, on or about Jan. 1, 2027. The fund will be renamed BNY High Yield Strategies Fund; no increase in its management fee is anticipated.
The Bank of New York Mellon Corporation plans to consolidate U.S. investment firms into BNY Investments Corporation, subject to regulatory requirements, on or about Jan. 1, 2027. The fund will be renamed BNY High Yield Strategies Fund; no increase in its management fee is anticipated.Material Detai…