BNY Mellon High Yield Strategies Fund Declares Distribution and Announces Reduction in Monthly Distribution Amount
14 Diciembre 2022 - 10:33AM
Business Wire
BNY Mellon High Yield Strategies Fund (NYSE: DHF) today
announced a monthly cash distribution of $0.015 per share of
beneficial interest, payable on January 13, 2023 to shareholders of
record at the close of business on December 29, 2022. The
ex-dividend date is December 28, 2022. The $0.015 per share
investment income dividend represents a decrease of $0.0035 from
the previously declared monthly net investment income dividend of
$0.0185 per share.
The reduction is primarily a result of an increase in the
interest expense associated with DHF's credit facility.
For Federal income tax purposes, this distribution will be
taxable to shareholders in 2022, although the distribution will be
paid in 2023. This press release is not for tax reporting purposes,
but is being provided to announce the amount of the Fund's
distribution that has been declared by the Fund's Board of
Directors. In early 2023, the Fund will send common shareholders a
Form 1099-DIV, specifying how to report this distribution for tax
purposes.
Important Information
BNY Mellon High Yield Strategies Fund is a diversified,
closed-end management investment company. 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 $1.8 trillion in
assets under management as of September 30, 2022. Through an
investor-first approach, BNY Mellon Investment Management brings to
clients the best of both worlds: specialist expertise from seven
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 $42.2 trillion in assets under custody and/or
administration as of September 30, 2022. 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.
BNY Mellon Investment Management's website is intended to allow
investors public access to information regarding the Fund and does
not, and is not intended to, incorporate the website in this
release.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221214005775/en/
For Press Inquiries: BNY Mellon Investment Adviser, Inc.
Courtney Woolston (212) 635-6027
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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