Dreyfus is planning to merge two of its mutual funds and liquidate another, MutualFundWire reports. The company will combine the $82.4 million Dreyfus Large Value Fund into the $878.4 million Dreyfus Strategic Value Fund on Nov. 21, 2011. Dreyfus will also close its $566,202 Dreyfus Diversified Global Fund on June 22, 2011. Both the large cap mutual funds will be closed to most new investors from May 2, 2011.
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