NEW YORK--(BUSINESS WIRE)--The Pacholder High Yield Fund, Inc. (the “Fund”) (NYSE MKT: PHF) announced today that it will close its share register books at the close of business on July 10, 2017 (the “Effective Date”) and that trading of the Fund’s stock on the NYSE MKT will be suspended before the market open on July 11, 2017. The proportionate interests of stockholders in the net assets of the Fund will be fixed on the basis of their respective holdings at the close of business on the Effective Date. The Fund expects to make two liquidating distributions to stockholders as of the Effective Date. The first liquidating distribution will represent approximately 98% of the Fund’s net assets and is expected to be made on or about July 11, 2017. Due to the extended settlement period involved with selling certain of the Fund’s holdings, the second liquidating distribution will be made at a later date. The Fund will issue a press release announcing the timing of the second liquidating distribution once further information is available.
The information presented here is not intended as a solicitation. Investors cannot purchase shares directly from the Fund.
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.