Dreyfus Floating Rate Income Fund gives ticker symbols, updates fees

By Toni Weeks

San Luis Obispo, Calif., Sept. 18 - Dreyfus/Laurel Funds, Inc. announced in an N-1A filing with the Securities and Exchange Commission the ticker symbols and management fees for its upcoming new Dreyfus Floating Rate Income Fund.

The fund will launch with class A, class C, class I and class Y shares. The ticker symbols are DFLAX, DFLCX, DFLIX and DFLYX, respectively.

As previously reported, the fund will seek high current income by investing at least 80% of its net assets, plus any borrowings for investment purposes, in floating-rate loans and other floating-rate securities. The fund intends to invest predominantly in securities of U.S. issuers rated below investment grade but may invest up to 20% of its net assets in securities of foreign issuers.

William Lemberg and Chris Barris will be the fund's primary portfolio managers. Both are employees of Alcentra NY, LLC, the fund's subadviser.

Shareholder fees include a 4.5% maximum sales charge for class A shares and a 1% maximum deferred sales charge for class C shares.

Management fees will run 0.65%. Including the effects of a fee waiver and expense reimbursement agreement with the investment adviser, total annual fund operating expenses are expected to be 1.05% for class A, 1.8% for class C and 0.8% for both class I and class Y shares.

New York-based Dreyfus Corp. will be the investment adviser to the fund.

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