The BNY Mellon High Yield Strategies Fund (NYSE: DHF) has recently declared a dividend distribution to its shareholders. The board of trustees confirmed that a monthly cash dividend of $0.0175 per share of beneficial interest has been declared from net investment income. Shareholders of record as of the close of business on May 8, 2024, will receive the dividend on May 22, 2024.
It is important to note that BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management. Regarded as one of the leading global asset managers, BNY Mellon Investment Management manages a substantial $2.0 trillion in assets as of March 31, 2024. Their client-centered approach is underpinned by its seven investment firms, offering specialized expertise across various asset classes. This is further reinforced by the robustness and scale of BNY Mellon.
BNY Mellon itself is America’s oldest bank, established back in 1784. With assets under custody and/or administration totaling $48.8 trillion as of March 31, 2024, BNY Mellon remains an influential player in empowering capital markets worldwide. The institution provides comprehensive solutions that effectively facilitate the management and servicing of financial assets throughout the investment life cycle.
It is crucial to be mindful that closed-end funds, such as the BNY Mellon High Yield Strategies Fund, are traded on the secondary market through stock exchanges. This means that the investment returns and principal values of these funds may fluctuate, potentially leading to the shares having a value higher or lower than their original cost. Shares of closed-end funds may trade at a premium or a discount compared to the net asset value of the fund’s portfolio. It is essential to recognize that the Fund’s success in achieving its investment objective is not guaranteed.
Please note that the information disclosed in this release is meant solely for informational purposes and should not be considered as investment advice or a recommendation for any specific security.
For press inquiries, kindly contact BNY Mellon Investment Adviser, Inc.’s Sue Watt at (212) 815-3757. For other inquiries, reach out to BNY Mellon Securities Corporation’s National Marketing Desk at 240 Greenwich Street, New York, New York 10286 or call 1-800-334-6899.
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The BNY Mellon High Yield Strategies Fund (NYSE: DHF) recently declared a dividend distribution of $0.0175 per share of beneficial interest from net investment income. This indicates the fund’s commitment to providing returns to its shareholders. Shareholders of record as of May 8, 2024, will receive the dividend on May 22, 2024.
BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is a part of BNY Mellon Investment Management. BNY Mellon Investment Management is a leading global asset manager with $2.0 trillion in assets under management as of March 31, 2024. Their client-centered approach is supported by their seven investment firms, offering specialized expertise across various asset classes. BNY Mellon’s long-standing presence in the financial industry adds credibility to the Fund’s management.
BNY Mellon itself is America’s oldest bank, established in 1784. With assets under custody and/or administration totaling $48.8 trillion as of March 31, 2024, BNY Mellon remains a significant player in global capital markets. Their comprehensive solutions enable efficient management and servicing of financial assets throughout the investment life cycle.
It is important to understand that closed-end funds, like the BNY Mellon High Yield Strategies Fund, are traded on the secondary market through stock exchanges. As a result, the investment returns and principal values of these funds can fluctuate, potentially leading to the shares having a value higher or lower than their original cost. Shares of closed-end funds may trade at a premium or a discount compared to the net asset value of the fund’s portfolio. Investors should be aware that the Fund’s success in achieving its investment objective is not guaranteed.
Regarding the current market trends and forecasts in the high-yield bond market, it is advisable to refer to reputable financial news sources or market research reports. These sources can provide insights into the overall performance of high-yield bonds, factors affecting their yields, and predictions for future market conditions.
Key challenges or controversies associated with high-yield bond investing include credit risk, interest rate risk, and liquidity risk. High-yield bonds are typically issued by companies with lower credit ratings, making them more susceptible to default or credit rating downgrades. Changes in interest rates can also impact the value of high-yield bonds. Additionally, the liquidity of the high-yield bond market can vary, which may pose challenges when attempting to buy or sell these bonds.
It is important to note that the information in the article is for informational purposes only and should not be considered as investment advice or a recommendation for any specific security. Investors should consult with their financial advisors or conduct thorough research before making investment decisions.
For more information about the BNY Mellon High Yield Strategies Fund, readers can visit BNY Mellon Investment Adviser, Inc.’s website: https://im.bnymellon.com/us/en/individual/products/closed-end-funds.jsp.