Pacholder High Yield Fund Changes Pricing Methodology
December 27 2004 - 9:22AM
PR Newswire (US)
Pacholder High Yield Fund Changes Pricing Methodology CINCINNATI,
Dec. 27 /PRNewswire-FirstCall/ -- Effective on Wednesday, December
22, 2004, the Pacholder High Yield Fund, Inc. (the "Fund") has
changed the way it values the Fund's fixed income securities.
Specifically, the Fund's procedures for valuing its portfolio
securities have been amended to provide that fixed income
securities shall be valued based on bid prices. Previously, the
Fund valued fixed income securities based on the mean of bid and
asked prices. Valuations based on bid prices generally are lower
than those based on the mean of bid and asked prices. The effect of
this change on the Fund's NAV for Wednesday, December 22, 2004, was
to lower the NAV by $.06, from $9.52 to $9.46 per share.
DATASOURCE: Pacholder High Yield Fund, Inc. CONTACT: James E.
Gibson of Pacholder High Yield Fund, Inc., +1-513-985-3200 Web
site: http://www.phf-hy.com/
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