Pacholder High Yield Fund, Inc. (PHF) Lowers Monthly Dividend 44.4% to $0.025; 3.8% Yield
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Pacholder High Yield Fund Announces Reduction and Payment of Monthly Dividend
May 16, 2017 4:00 PM EDTNEW YORK--(BUSINESS WIRE)-- The Pacholder High Yield Fund, Inc. (NYSE MKT: PHF) declared a dividend of $0.025 per common share payable on May 31, 2017 to shareholders of record on May 26, 2017. The ex-date for the dividend is May 24, 2017.
In conjunction with the impending liquidation of the Fund, the Board of Directors authorized the Fund to decrease the amount of monthly dividend from $0.045 per common share to $0.025 per common share for the May 2017 dividend. Any subsequent distributions between May 31, 2017 and liquidation date shall be considered liquidating distributions. The Fund currently anticipates that the liquidation... More
