Pacholder High Yield Fund Announces Reduction and Payment of Monthly Dividend
2014年9月17日 - 5:48AM
ビジネスワイヤ(英語)
The Pacholder High Yield Fund, Inc. (NYSE MKT: PHF) declared a
dividend of $0.0530 per common share payable on September 30, 2014
to shareholders of record on September 26, 2014. The ex-date for
the dividend is September 24, 2014.
The Board of Directors has also authorized the Fund to decrease
the amount of monthly dividends from $0.0575 per common share to
$0.0530 per common share beginning with the September 2014 dividend
described above. From September 2013 until August 2014, the Fund
paid a monthly dividend of $0.0575 per common share. The Fund
anticipates paying a monthly dividend of $0.0530 per common share,
subject to market conditions and the requirement that the Fund
maintains asset coverage of at least 200% of the Auction Rate
Preferred Shares (“ARPS”) after payment of dividends. The amount of
a monthly dividend, if any, may be more or less than the actual
income earned by the Fund in a given month and the Board will
continue to monitor the continuing appropriateness of the dividend
level in light of market conditions and income earned by the Fund
over time. In addition, during the last quarter of the year, the
Board will consider the amount of undistributed net investment
income remaining, if any, and may declare a special dividend.
Updated information on the amount of undistributed net
investment income will continue to be included on the fact sheet
available on the Fund’s website at www.pacholder.com. In the event
that market conditions change such that the Fund would not meet its
asset coverage requirements and/or is not able to declare or pay a
dividend at the rate of $0.0530 per common share, shareholders will
be notified.
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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