BNY Mellon High Yield Strategies Fund Declares Distribution and Announces Reduction in Monthly Distribution Amount
November 22 2021 - 10:45AM
Business Wire
BNY Mellon High Yield Strategies Fund (NYSE: DHF) today
announced a monthly cash distribution of $0.0185 per share of
beneficial interest, payable on December 21, 2021 to shareholders
of record at the close of business on December 7, 2021. The
ex-dividend date is December 6, 2021. The $0.0185 per share
investment income dividend represents a decrease of $0.003 from the
previously declared monthly net investment income dividend of
$0.0215 per share.
The reduction primarily reflects the lower interest rate
environment that has existed in the market for the reinvestment of
the proceeds received by the Fund from coupon payments and from
called, sold and/or matured portfolio holdings in additional fixed
income municipal obligations.
Important Information
BNY Mellon Investment Adviser, Inc., the investment adviser for
the Fund, is part of BNY Mellon Investment Management. BNY Mellon
Investment Management is one of the world’s largest asset managers,
with $2.3 trillion in assets under management as of September 30,
2021. Through an investor-first approach, BNY Mellon Investment
Management brings to clients the best of both worlds: specialist
expertise from eight investment firms offering solutions across
every major asset class, backed by the strength, stability, and
global presence of BNY Mellon. Additional information on BNY Mellon
Investment Management is available on www.bnymellonim.com.
BNY Mellon Investment Management is a division of BNY Mellon,
which has $45.3 trillion in assets under custody and/or
administration as of September 30, 2021. BNY Mellon can act as a
single point of contact for clients looking to create, trade, hold,
manage, service, distribute or restructure investments. BNY Mellon
is the corporate brand of The Bank of New York Mellon Corporation
(NYSE: BK). Additional information is available on
www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our
newsroom at www.bnymellon.com/newsroom for the latest company
news.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The Fund’s investment returns and principal
values will fluctuate so that an investor’s shares may be worth
more or less than the original cost. Shares of closed-end funds may
trade above (a premium) or below (a discount) the net asset value
(NAV) of the fund’s portfolio. There is no assurance that the Fund
will achieve its investment objective.
This release is for informational purposes only and should not
be considered as investment advice or a recommendation of any
particular security.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211122006379/en/
For Press Inquiries: BNY Mellon Investment Adviser, Inc. Jessica
Rutledge (917) 683-6820
For Other Inquiries: BNY Mellon Securities Corporation The
National Marketing Desk 240 Greenwich Street New York, New York
10286 1-800-334-6899
BNY Mellon High Yield St... (NYSE:DHF)
Historical Stock Chart
From Mar 2024 to Apr 2024
BNY Mellon High Yield St... (NYSE:DHF)
Historical Stock Chart
From Apr 2023 to Apr 2024