BNY MELLON INVESTMENT ADVISER, INC. 240 Greenwich Street New York, New York 10286
BNY MELLON INVESTMENT ADVISER, INC.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
June 12, 2023
BNY Mellon Research Growth Fund, Inc.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Expense Limitation – BNY Mellon Research Growth Fund, Inc.
To Whom It May Concern:
Effective June 30, 2023, BNY Mellon Investment Adviser, Inc. ("BNYM Investment Adviser"), intending to be legally bound, hereby confirms its agreement in respect of BNY Mellon Research Growth Fund, Inc. (the "Fund") as follows:
Until June 30, 2024, BNYM Investment Adviser will waive receipt of its fees and/or assume the direct expenses of the Fund so that the direct expenses of none of the Fund's share classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .78%. On or after June 30, 2024, BNYM Investment Adviser may terminate this expense limitation agreement at any time.
This Agreement may only be amended by agreement of the Fund, upon the approval of the Board of Directors of the Fund and BNYM Investment Adviser to lower the net amounts shown and may only be terminated prior to June 30, 2024, in the event of termination of the Management Agreement between BNYM Investment Adviser and the Fund.
BNY MELLON INVESTMENT ADVISER, INC. | |
By: |
/s/ Xxxxx Xxxxxxx Xxxxx Xxxxxxx Secretary |
Accepted and Agreed To:
BNY Mellon RESEARCH GROWTH FUND, INC. | |
By: |
/s/ Xxxxx Xxxxxxx Xxxxx Xxxxxxx Treasurer |