Dreyfus High Yield Strategies Fund (DHF) Announces Reduction to Investment Management and Administration Fee

NEW YORK--()--On July 23, 2014, the Board of Trustees of DHF approved a revised Investment Management and Administration Agreement between DHF and The Dreyfus Corporation, DHF's investment adviser ("Dreyfus"), to reflect a reduction to the investment management and administration fee of DHF, effective August 1, 2014. The investment management and administration fee had been computed at the annual rate of .90% of the value of DHF's average weekly total assets minus the sum of accrued liabilities (other than the aggregate indebtedness constituting financial leverage) (the "Managed Assets") and, effective August 1, 2014, the investment management and administration fee will be computed at the annual rate of .75% of the value of DHF's Managed Assets. Dreyfus had been waiving receipt of a portion of DHF's investment management and administration fee in the amount of .15% of the Managed Assets but, in light of the reduction of the investment management and administration fee, that waiver will be terminated, effective August 1, 2014.

Contacts

For Press Inquiries:
The Dreyfus Corporation
Patrice M. Kozlowski
212-922-6030
or
For Other Inquiries:
MBSC Securities Corporation
The National Marketing Desk
200 Park Avenue
New York, New York 10166
1-800-334-6899

Contacts

For Press Inquiries:
The Dreyfus Corporation
Patrice M. Kozlowski
212-922-6030
or
For Other Inquiries:
MBSC Securities Corporation
The National Marketing Desk
200 Park Avenue
New York, New York 10166
1-800-334-6899