BNY Mellon High Yield Strategies Fund Declares Dividend

Rhea-AI Summary

On May 21, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared a monthly cash dividend of $0.0175 per share, payable on June 20, 2024, to shareholders of record as of June 5, 2024. The ex-dividend date is also June 5, 2024. This dividend amount remains unchanged from the previous month's dividend in April. BNY Mellon Investment Adviser, part of BNY Mellon Investment Management, oversees the fund. As of March 31, 2024, BNY Mellon Investment Management manages $2.0 trillion in assets, while BNY Mellon, established in 1784, holds $48.8 trillion in assets under custody and administration.

Positive

• Monthly dividend declared at $0.0175 per share, providing consistent returns for investors.
• Dividend payout date set for June 20, 2024, ensuring timely income for shareholders.
• BNY Mellon Investment Management manages $2.0 trillion in assets, showcasing strong financial management capabilities.
• BNY Mellon has $48.8 trillion in assets under custody/administration, indicating a robust and substantial market presence.

Negative

• Dividend amount remains unchanged from the previous month, suggesting no increase in shareholder returns.
• There is no assurance that the Fund will achieve its investment objective, indicating potential investment risks.
• Closed-end fund shares may trade below their net asset value, leading to potential losses for investors.

NEW YORK--(BUSINESS WIRE)-- On May 21, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on June 20, 2024, to shareholders of record at the close of business on June 5, 2024. The ex-dividend date is June 5, 2024. The previous dividend declared in April was $0.0175 per share of beneficial interest.

Important Information

BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management. BNY Mellon Investment Management is one of the world’s largest asset managers, with $2.0 trillion in assets under management as of March 31, 2024. Through a client-first approach, BNY Mellon Investment Management brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY Mellon. Additional information on BNY Mellon Investment Management is available on www.bnymellonim.com. Follow us on LinkedIn for the latest company news and activity.

BNY Mellon Investment Management is a division of BNY Mellon, which has $48.8 trillion in assets under custody and/or administration as of March 31, 2024. Established in 1784, BNY Mellon is America's oldest bank. Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on LinkedIn or visit our newsroom for the latest company news.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of the fund’s portfolio. There is no assurance that the Fund will achieve its investment objective.

This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240521589712/en/

For Press Inquiries:

BNY Mellon Investment Adviser, Inc.

Sue Watt

(212) 815-3757

For Other Inquiries:

BNY Mellon Securities Corporation

The National Marketing Desk

240 Greenwich Street

New York, New York 10286

1-800-334-6899

Source: BNY Mellon High Yield Strategies Fund

FAQ

When was the latest dividend for BNY Mellon High Yield Strategies Fund (DHF) declared?

The latest dividend was declared on May 21, 2024.

What is the monthly dividend amount for DHF in June 2024?

The monthly dividend amount for DHF in June 2024 is $0.0175 per share.

When is the dividend payout date for DHF in June 2024?

The dividend payout date for DHF in June 2024 is June 20, 2024.

What is the ex-dividend date for DHF's latest dividend?

The ex-dividend date for DHF's latest dividend is June 5, 2024.

How does the latest DHF dividend compare to the previous month?

The latest DHF dividend amount of $0.0175 per share is unchanged from the previous month.

What amount of assets does BNY Mellon Investment Management manage?

BNY Mellon Investment Management manages $2.0 trillion in assets as of March 31, 2024.

How many assets does BNY Mellon hold under custody and administration?

BNY Mellon holds $48.8 trillion in assets under custody and administration as of March 31, 2024.