BNY Mellon High Yield Strategies Fund Declares Distribution and Announces Increase in Monthly Distribution Amount
27 Februar 2024 - 8:45PM
Business Wire
BNY Mellon High Yield Strategies Fund (NYSE: DHF) today
announced a monthly cash distribution of $0.0175 per share of
beneficial interest, payable on April 1, 2024 to shareholders of
record at the close of business on March 12, 2024. The ex-dividend
date is March 11, 2024. The $0.0175 per share investment income
dividend represents an increase of $0.0025 from the previously
declared monthly net investment income dividend of $0.015 per
share.
The dividend increase primarily reflects: (i) a higher yield
environment during the past year for the reinvestment of the
proceeds from coupon payments and from called, sold and/or matured
securities, (ii) modestly and selectively increasing DHF’s
weighting to higher-yielding issuers, and (iii) accumulated
undistributed investment income-net, which was approximately $1.72
million, as of January 31, 2024.*
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 $2.0 trillion in assets under management as of December 31,
2023. Through a client-first approach, BNY Mellon Investment
Management brings investors specialist expertise through its seven
investment firms offering solutions across every major asset class
and backed by the breadth and scale of BNY Mellon. Additional
information on BNY Mellon Investment Management is available on
www.bnymellonim.com. Follow us on LinkedIn for the latest company
news and activity.
BNY Mellon Investment Management is a division of BNY
Mellon, which has $47.8 trillion in assets under custody and/or
administration as of December 31, 2023. Established in 1784, BNY
Mellon is America's oldest bank. Today, BNY Mellon powers capital
markets around the world through comprehensive solutions that help
clients manage and service their financial assets throughout the
investment life cycle. 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
LinkedIn or visit our 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
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.
____________________ * The accumulated undistributed investment
income-net is determined in accordance with income tax regulations,
which differ from U.S. generally accepted accounting
principles.
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For Press Inquiries: BNY Mellon Investment Adviser, Inc. Sue
Watt (212) 815-3757
For Other Inquiries: BNY Mellon Securities Corporation The
National Marketing Desk 240 Greenwich Street New York, New York
10286 1-800-334-6899
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