EX-99 4 fidelitybondboardresolutions.htm FIDELITY RESOLUTIONS

Fid e l i ty Bond

RESOLVED, that it is the determination of the Fund’s Board at this meeting, including a majority of its members who are note "interested persons" (as defined in the Investment Company Act of 1940, as amended (the "1940 Act")) of the Fund ("non-interest Board members"), that the joint insured fidelity bonds (collectively, the "Bond") written by the following respective entities in the following amounts:

Name of Fidelity Insurer | Amount of Coverage
National Union Fire Ins. Co. of Pittsburgh, Pa. (AIG) | $10,000,000
Federal Insurance Company (Chubb) | $15,000,000
| in excess of
| $10,000,000
Great American Insurance Company* (American Financial Group) | $25,000,000
Berkley Regional Insurance Company* (W.R. Berkley Corp.) | $20,000,000
The Continental Insurance Company* (CNA) | $15,000,000
Fidelity & Deposit Company of Maryland* (Zurich) | $10,000,000
U.S. Specialty Insurance Company* (TMHCC) | $5,000,000
Total Coverage | $100,000,000

*E x c e s s o f $2 5 m ill i o n as c o-s u reties

insuring the Fund and the other parties named as insured parties under the Bond for covered acts or omissions of their respective officers and Board members and the officers and employees of the Fund’s investment adviser, distributor, transfer agent and/or administrator, in accordance with the requirements of Rule 17g-1 promulgated by the Securities and Exchange Commission ("SEC") under Section 17(g) of the 1940 Act, are reasonable in form and amount after having given due consideration to all relevant factors including, but not limited to, the value of the aggregate assets of the Fund to which any such covered person may have access, the type and terms of the arrangements made for the custody and safekeeping of such assets, the nature of the securities in the Fund’s portfolio, the number of other parties named as insured parties under the Bond, and the nature of the business activities of such other parties; and it is further

R E S O L V E D, th a t t h e Fun d’s B o a rd, in c lud i ng a m a j o r i ty of t he in d epe n de n t B oa r d m e m be r s, he r eby r a t i f i es and a ppro v e s the pa y m ent by the Fund of i t s pro r a ta sh a re, b ased on the a s s e ts o f the r esp e c t i v e co v e r ed F u nds, of the p re m ium for co v e r a g e under the B ond, i n the f orm and a m ount desc r ibed a bo v e, ha v ing g i v en due consid e r a t i on to a l l r e le v ant f a c to r s i n c l u d in g, but n o t li m ited to, the n u m ber of o t her p a r ti e s na m ed as i n su re d pa r t i es u nder t h e B ond, t he n a tu r e of t h e bus i n ess ac t i v i t ies o f s u ch oth e r p a r t ies, the a m ount of the B o nd, t h e a m ount of t he pre m ium for the B ond, the ra t ab l e a ll o c a tion o f t he p r e m ium a m o n g a l l the p a r ti e s na m ed as i n su r e d s, and t h e ex t e n t to w h ich the s h a r e o f the p re m ium a l loc a ted t o the Fund is l ess than the p r e m i u m the Fu n d w ould ha v e h a d to pay if it had p r o v ided a n d m a i nt a in e d a s i n g le i n su r ed bo n d; a n d it is fu r th e r

R E S O LVE D, t h at each of the P re s id e nt, any V ice Pre s ide n t, the S ec r e t a r y a nd t h e T r e as u r e r he r eby is de s i g na t e d as the off i cer r esp o ns i ble f or m a k ing a l l fi l in g s w ith t h e S E C and g i v i n g a l l not i ces on b eh a lf of the F u nd w i t h r es p ect to t h e B o n d re q u i red by pa r a g ra p h (g) of R u l e 17 g-1 pro m ul g a t ed by the SEC un der the 1 9 40 A c t; a nd i t i s f urt h er

R E S O LVE D, th a t t h e ap pr opr i a t e o f fi c e r s of the Fu n d be, and e ach h e r e by is, a utho r i z ed to ta k e the a ct ions a s m ay be requ i red to a m end the B ond t o i nc l u d e in the co v e r a g e new funds ad v i s ed, sub-ad v ised or ad m inis t e r e d by BNYM Investment Adviser or its a f f i l i at es, as of t h e da t e each i s decl a red e f f ec t i v e by the SE C; a n d i t i s f u r t h e r

R E S O LVE D, th a t the A g ree m ent R e g a r ding BNY Mellon Funds J o int I nsu r ed B ond, s ub s ta n ti a lly in t h e form presented at this meeting, be, and it hereby is, approved; and it is fu r th e r

R E S O LVE D, th a t t he a p p r opr i a t e o f fi c e r s of the Fu n d be, and e ach h e r eby is, a ut hori z ed to m a k e any and a l l pa y m en t s and t o do any and a ll ot h er a c t s, in t he na m e of the F u nd a nd on i ts b eh a lf, as the y, or any of the m, m a y de t e r m ine t o be nec e ss a ry or des i ra b le and p r oper in conne c t i on w i t h or i n f u r t he r ance of t h e f o r e g oing res o lu t ions and t h at any pay m en t s and any and a l l ot h er a c ts, i n the na m e of t h e Fund a n d o n its b eh a lf, c on s i s te n t w ith the f o re g oing res o l u ti o ns a nd as m ay h a v e been de t e r m ined to be ne c ess a ry or d e s ir a ble and p r o per in con n ec t ion w i t h o r i n f u rt h e r a nce of the fo r e g oing res o lu t ions b e, and they he r eby a r e, r a t if ied a nd ap p ro v e d.