Pacholder High Yield Fund Announces Information Regarding Liquidation
June 30 2017 - 4:40PM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170630005762/en/
Pacholder High Yield Fund, Inc.1-877-217-9502
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