IMPORTANT INFORMATION ABOUT MONEY MARKET FUNDS  
Investors should be aware of and understand this important information about the money market funds which Janney Montgomery Scott LLC (Janney) offers.

You should consider the investment objectives, risks, charges, and expenses of each money market fund carefully before investing. This and other information is found in the applicable fund's prospectus. Contact a Janney Financial Advisor for a prospectus. Please read the prospectus before investing.

An investment in a money market is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund. Yields fluctuate and past performance is no guarantee of future results.

Janney receives a monthly fee from Dreyfus Service Corporation for distribution and shareholder services provided by Janney. The fee is based on a fixed percentage rate applicable to Janney clients' investments in certain Dreyfus funds. The fee reflects any 12b-1 and related fees paid by the funds to Dreyfus. The fee paid to Janney, in part, will defray the various costs of offering the program to Janney customers, including those associated with (a) program features, such as the daily sweep arrangement, purchases, redemptions, dividend reinvestments and transfers; and (b) money fund investments, including subaccounting, statement preparation and distribution, distribution of program materials and responding to investment-related inquiries. Janney Financial Advisors may be compensated by Janney on these investments. 

If you have any questions about the money market funds offered by Janney, contact Janney Treasury Management Services at 1-800-JANNEYS. 

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