NEW YORK--(BUSINESS WIRE)--Pacholder High Yield Fund, Inc. (the "Fund") (NYSE MKT: PHF) held its 2017 Annual Shareholder Meeting today in New York City. At the meeting, the shareholders approved (i) a proposal to liquidate and dissolve the Fund pursuant to a Plan of Liquidation and (ii) the re-election of the Board of Directors.
The Fund currently anticipates that the liquidation and dissolution of the Fund will take place on or before July 31, 2017 (absent unforeseen circumstances). Additional details regarding the liquidation, including the day on which the books of the Fund will be closed with respect to shareholders and the date on which the liquidating distribution is expected to occur, will be provided in a future press release.
The information presented here is not intended as a solicitation. New investors cannot purchase shares directly from the Fund. Shares are listed on the New York Stock Exchange 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.