NEW YORK--(BUSINESS WIRE)--On April 24, 2019, the Board of Trustees of Dreyfus High Yield Strategies Fund (NYSE:DHF) declared from net investment income a monthly cash dividend of $0.0215 per share of beneficial interest, payable on May 22, 2019 to shareholders of record at the close of business on May 8, 2019. The ex-dividend date is May 7, 2019. The $0.0215 per share investment income dividend represents a decrease of $0.002 from the previously declared monthly net investment income dividend of $0.0235 per share.
The dividend reduction primarily reflects the lower reinvestment rate environment that has existed in the market for the reinvestment of the proceeds from coupon payments and from called, sold and/or matured securities. DHF’s accumulated undistributed investment income-net was approximately -$360,000 as of March 31, 2019.*
* The accumulated undistributed investment income-net is determined in accordance with income tax regulations, which differ from U.S. generally accepted accounting principles.