The Pacholder High Yield Fund, Inc. (NYSE Amex: PHF) declared a regular monthly distribution of $0.055 per common share for the month ending February 28, 2010. The distribution will be payable on February 26, 2010 to shareholders of record on February 24, 2010. The ex-date for the dividend is February 22, 2010.

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 Amex under the symbol “PHF.”

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