BNY MELLON INVESTMENT ADVISER, INC. 240 Greenwich Street New York, New York 10286
BNY MELLON INVESTMENT ADVISER, INC.
000 Xxxxxxxxx Xxxxxx
New York, New York 10286
May 26, 2023
Dreyfus Government Cash Management Funds
- Dreyfus Government Cash Management
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Fee Waiver and Expense Limitation
To Whom It May Concern:
Effective June 1, 2023, BNY Mellon Investment Adviser, Inc. ("BNYM Investment Adviser"), intending to be legally bound, hereby confirms its agreement in respect of Dreyfus Government Cash Management (the "Fund"), a series of Dreyfus Government Cash Management Funds (the "Trust"), as follows:
Until June 1, 2024, BNYM Investment Adviser, has contractually agreed, to waive receipt of a portion of its management fee in the amount of .03% of the value of the fund's average daily net assets. In addition, BNYM Investment Adviser has contractually agreed, until June 1, 2024, to waive receipt of its fees and/or assume the direct expenses of the fund's BOLD® shares so that the direct expenses of BOLD® shares (excluding taxes, brokerage commissions and extraordinary expenses) do not exceed .18%. To the extent that it is necessary for BNYM Investment Adviser to waive receipt of its management fee or reimburse the fund's common expenses, the amount of the waiver or reimbursement will be applied equally to each share class of the fund. On or after June 1, 2024, BNYM Investment Adviser may terminate the fee waiver agreement and/or expense limitation agreement at any time.
Until June 1, 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 the Fund's Service shares (excluding taxes, brokerage commissions and extraordinary expenses) do not exceed 1.01%. On or after June 1, 2024, BNYM Investment Adviser may terminate this expense limitation agreement at any time.
Until June 1, 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 the Fund's Wealth shares (excluding taxes, brokerage commissions and extraordinary expenses) do not exceed .62%. On or after June 1, 2024, BNYM Investment Adviser may terminate this expense limitation agreement at any time.
This Agreement may only be amended by agreement of the Trust, on behalf of the Fund, upon the approval of the Board of Trustees of the Trust and BNYM Investment Adviser, to lower the net amounts shown and may only be terminated prior to June 1, 2024, in the event of termination of the Management Agreement between BNYM Investment Adviser and the Trust.
BNY MELLON INVESTMENT ADVISER, INC.
By: /s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
Secretary
Accepted and Agreed To:
DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS
By: /s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
| Treasurer |
