The Pacholder High Yield Fund, Inc. (the “Fund”) (NYSE MKT: PHF) announced today updates to its portfolio management team. In order to separate trading functions from portfolio management functions, effective May 1, 2016 (the “Effective Date”), James Gibson will no longer be included in the list of portfolio managers for the Fund but rather will continue his focus as principal high yield trader for the High Yield Team led by William J. Morgan. The change will not impact the investment strategies or management of the Fund and Mr. Gibson will continue to support the portfolio management team and the Fund in his role as high yield trader.

The Fund is a closed-end diversified management investment company with a leveraged capital structure. The Fund’s investment objective is to provide a high level of total return through current income and capital appreciation. Under normal circumstances, the Fund invests at least 80% of the value of its assets in high yield securities. The Fund invests primarily in fixed income securities of domestic companies. The Fund’s common stock is traded on the New York Stock Exchange MKT under the symbol “PHF.”

The information presented here is not intended as a solicitation. New investors cannot purchase shares directly from the Fund. Shares are listed on the New York Stock Exchange MKT, and interested investors should contact their financial advisor or broker-dealer for more information.

The Fund was organized as a corporation under the laws of Maryland on August 17, 1988 and has registered with the SEC under the Investment Company Act of 1940, as amended. The Fund's principal office is located at 270 Park Avenue, New York, New York 10017. For more information visit us at www.pacholder.com, or call 1-877-217-9502.

The Fund's investment adviser is J.P. Morgan Investment Management Inc., an investment management firm registered with the SEC under the Investment Advisers Act of 1940.

Pacholder High Yield Fund, Inc.1-877-217-9502

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