BNY Mellon Liquidity (IRSH) - Change of Investment Adviser RNS Number : 4970R BNY Mellon Liquidity Funds 19 November 2012 STOCK EXCHANGE ANNOUNCEMENT For Immediate Release 19 November 2012 BNY Mellon Liquidity Funds plc Re: Change of Investment Adviser The Directors of the BNY Mellon Liquidity Funds plc (the "Company") wish to announce that Insight Investment Management (Global) Limited (the "Investment Adviser") has replaced The Dreyfus Corporation as investment adviser of the BNY Mellon Sterling Liquidity Fund (the "Fund"), a sub-fund of the Company. The Investment Adviser was incorporated in England on 19 November 1964 and is regulated by the Financial Services Authority. The Investment Adviser has assets under management of £187.2bn as at 30 September 2012 represented by the value of cash securities, liability benchmarks and other economic exposure managed for clients. The change of investment adviser takes effect on 19 November 2012, pursuant to the termination of the existing investment advisory agreement between the Company's manager, BNY Mellon Global Management Limited (the "Manager"), and The Dreyfus Corporation, so far as it relates to the Fund, and the execution of a new investment advisory agreement between the Manager and the Investment Adviser (the "Investment Advisory Agreement"). Pursuant to an Investment Advisory Agreement, the Investment Adviser will manage and will recommend and provide general advice to the Manager in connection with the investment and reinvestment of the assets of the Fund. The fees of the Investment Adviser will be discharged by the Manager. The Investment Advisory Agreement may be terminated by either party on giving not less than six months prior written notice to the other party. The Investment Advisory Agreement may also be terminated forthwith upon certain breaches or upon the insolvency of a party (or upon the happening of a like event). The Investment Advisory Agreement provides for the Manager to indemnify, defend and hold harmless the Investment Adviser from and against all actions, proceedings and claims and against all loss, costs, demands and expenses (including legal expenses) which may be brought against, suffered or incurred by the Investment Adviser by reason of the performance or non-performance of its obligations under the terms of the Investment Advisory Agreement (other than by reference to any negligence, fraud, or wilful default in the performance or non-performance by the Investment Adviser, or persons designated by it of its obligations or duties thereunder). Enquiries to; Insight Investment Management (Global) Limited Andrew Jones +44 20 763 4000 Davy Niamh Moran +353 1 614 8933 This announcement has been issued through the Companies Announcement Service of The Irish Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange END ISEGGGBAGUPPGQB -0- Nov/19/2012 17:00 GMT
BNY Mellon Liquidity IRSH Change of Investment Adviser
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