NEW YORK--(BUSINESS WIRE)--The Pacholder High Yield Fund, Inc. (NYSE MKT:PHF) held its 2014 Annual Shareholder Meeting today in New York City. At the meeting, the shareholders reelected the Board of Directors. Frederick Ruebeck and James Schonbachler were elected by the holders of the Fund’s auction rate preferred shares voting as a separate class, and John Finn, Dr. Matthew Goldstein, Robert Higgins, Frankie Hughes, Peter Marshall, Mary Martinez, Marilyn McCoy, Mitchell Merin, William Morton, Jr., Dr. Robert Oden, Jr., and Marian Pardo were elected by the holders of the common stock and preferred shares, voting together as a single class.
The Fund is a closed-end diversified management investment company with a leveraged capital structure. The Fund’s investment objective is to provide a high level of total return through current income and capital appreciation. Under normal circumstances, the Fund invests at least 80% of the value of its assets in high yield securities. The Fund invests primarily in fixed income securities of domestic companies. The Fund’s common stock is traded on the NYSE MKT under symbol “PHF”.
The information presented here is not intended as a solicitation. New investors cannot purchase shares directly from the Fund. Shares are listed on the NYSE MKT, and interested investors should contact their financial advisor or broker-dealer for more information.
The Fund was organized as a corporation under the laws of Maryland on August 17, 1988 and has registered with the SEC under the Investment Company Act of 1940, as amended. The Fund’s principal office is located at 270 Park Avenue, New York, New York 10017. For more information visit us at www.pacholder.com, or call 1-877-217-9502.
The Fund’s investment adviser is J.P. Morgan Investment Management Inc., an investment management firm registered with the SEC under the Investment Advisers Act of 1940.