Pacholder High Yield Fund Announces Reduction and Payment of Monthly Dividend
16 Maggio 2017 - 10:00PM
Business Wire
The Pacholder High Yield Fund, Inc. (NYSE MKT: PHF) declared a
dividend of $0.025 per common share payable on May 31, 2017 to
shareholders of record on May 26, 2017. The ex-date for the
dividend is May 24, 2017.
In conjunction with the impending liquidation of the Fund, the
Board of Directors authorized the Fund to decrease the amount of
monthly dividend from $0.045 per common share to $0.025 per common
share for the May 2017 dividend. Any subsequent distributions
between May 31, 2017 and liquidation date shall be considered
liquidating distributions. The Fund currently anticipates that the
liquidation and dissolution of the Fund will take place on or about
July 31, 2017 (absent unforeseen circumstances). Additional details
regarding the liquidation, including the day on which the books of
the Fund will be closed with respect to shareholders and the date
on which the liquidating distribution is expected to occur, will be
provided in a future press release.
The distribution is expected to be paid from net investment
income (regular interest). Because distribution source estimates
are updated throughout the year based on the Fund's performance and
forecast for its current fiscal year (which is the calendar year),
these estimates may differ from both the tax information reported
to you in your 1099 statement, as well as the ultimate economic
sources of distributions over the life of your investment.
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.
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Pacholder High Yield Fund, Inc.1-877-217-9502
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