The Pacholder High Yield Fund, Inc. (NYSE AMEX:PHF) held its 2011 Annual Shareholder Meeting today in New York City. At the meeting, the shareholders reelected the Board of Directors. Frederick Ruebeck and James Schonbachler were elected by the holders of the Fund’s auction rate preferred shares voting as a separate class, and Fergus Reid III, William Armstrong, John Finn, Matthew Goldstein, Robert Higgins, Peter Marshall, Marilyn McCoy, William Morton, Jr., Robert Oden, Jr., Frankie Hughes and Leonard Spalding, Jr. were elected by the holders of the common stock and preferred shares, voting together as a single class.

The Fund is a closed-end diversified management investment company with a leveraged capital structure. Its 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 NYSE Amex under the symbol “PHF”.

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