DEFA14A
PROXY STATEMENT PURSUANT TO SECTION 14 (a)
OF THE SECURITIES EXCHANGE ACT OF 1934
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[_] Preliminary Proxy Statement
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The Dreyfus/Laurel Funds, Inc.
- Dreyfus Core Equity Fund
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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[NAME OF FINANCIAL INTERMEDIARY]
THE PROPOSED MERGER OF DREYFUS CORE EQUITY FUND INTO DREYFUS WORLDWIDE
GROWTH FUND OFFERS POTENTIAL BENEFITS AND EFFICIENCIES FOR FUND SHAREHOLDERS,
BUT FIRST WE MUST HEAR FROM YOUR CLIENTS
October17, 2018
Dear [NAME OF FINANCIAL ADVISOR]:
As you may know, management of The Dreyfus Corporation recommended, and the Board of Directors for Dreyfus Core Equity Fund (the "Fund") unanimously approved, the merger of the Fund into Dreyfus Worldwide Growth Fund (the “Acquiring Fund”). This merger will offer Fund shareholders certain potential benefits, including:
Significantly larger assets in the combined fund
The larger combined fund will have lower total annual expense ratios than the Fund
The larger combined fund will benefit from more efficient portfolio management and will eliminate duplicationof resources and costs to manage each fund independently.
Based on information provided to us by The Dreyfus Corporation, it is our understanding that the initial proxy campaign commenced in April of this year and concluded on August 1, 2018. Additionally, we understand that while the Fund did not meet the requirement of having more than 50% of its outstanding shares voted in favor of the merger, those shares that were voted were overwhelmingly in favor of the merger (approximately 48% of the Fund's outstanding shares, representing 92% of the Fund's shares voted).
Dreyfus also informed us that, following the conclusion of the meeting on August 1st, Fund management with the Board of Directors reviewed the results of the vote, and assessed the potential benefits to Fund shareholders associated with continuing the voting process. Fund management and the Board of Directors concluded that because the merger continues to be in the best interest of the Fund, and the vote that had been obtained was significant, the proxy campaign should continue. Accordingly, the Fund's Special Meeting of Shareholders has been reconvened toOctober 31, 2018, in order to continue to solicit votes necessary to consummate the proposed merger.
WHAT DO WE NEED FROM YOU?
While the merger offers many potential benefits to Fund shareholders, the merger cannot be implemented without obtaining the required authorization from Fund shareholders. Accordingly, your client's vote is crucial.
YOUR CLIENT CAN VOICE THEIR SAY ON THIS MATTER NOW.
Clients may cast their vote quickly and easily by calling AST Fund Solutions, the Fund's proxy solicitor, at1-877-478-5047
AT THIS POINT, THE FUND WOULD GREATLY APPRECIATE YOU ACTING ON THIS MATTER TODAY.
For more details on the proposed merger, including the risks associated with investments in the funds, please refer to the Prospectus/Proxy Statement. You may obtain another copy of the statement from, or address questions to, AST Fund Solutions at the number listed above.
Sincerely,
[Need signatory]
[Name]
For use with Financial Professionals only. Not for use with the general public.
MARK-38426-2018-10-10
