BNY Mellon High Yield Strategies Fund Declares Dividend

Rhea-AI Summary

On September 25, 2020, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) announced a monthly cash dividend of $0.0215 per share, payable on October 26, 2020. Shareholders of record as of October 9, 2020 will receive this dividend, with the ex-dividend date set for October 8, 2020. This dividend amount remains unchanged from the previous month's declaration. BNY Mellon Investment Management controls $2.0 trillion in assets, highlighting its significant presence in the investment management sector.

Positive

• Stable monthly cash dividend of $0.0215 per share indicates consistent income for shareholders.
• Strong backing from BNY Mellon Investment Management with $2.0 trillion in assets under management enhances investor confidence.

Negative

• None.

NEW YORK--(BUSINESS WIRE)--On September 25, 2020, the Board of Trustees of BNY Mellon 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 October 26, 2020 to shareholders of record at the close of business on October 9, 2020. The ex-dividend date is October 8, 2020. The previous dividend declared in August was $0.0215 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 leading investment management organizations and one of the top U.S. wealth managers, with US $2.0 trillion in assets under management as of June 30, 2020. BNY Mellon Investment Management encompasses BNY Mellon’s affiliated investment management firms, wealth management organization and global distribution companies. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from eight world-class investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of The Bank of New York Mellon Corporation (NYSE: BK), one of the world’s most trusted investment partners, which has US $37.3 trillion in assets under custody and/or administration as of June 30, 2020.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally. Additional information on BNY Mellon Investment Management is available on www.im.bnymellon.com. BNY Mellon Investment Management’s website is intended to allow investors public access to information regarding the Fund and does not, and is not intended to, incorporate the website in this release.

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 (NAV) 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.