Dreyfus High Yield Strategies Fund (DHF) Announces Dividend Reduction.NEW YORK -- Dreyfus High Yield Strategies Fund (NYSE: DHF DHF - Abu Dhabi Al Dhafra Military Airport (airport code) DHF - Dansk HÄndbold Forbund DHF - Data Handling Function DHF - Decoupled Hartree-Fock DHF - Demand History File DHF - Dengue Hemorrhagic Fever DHF - Design History File DHF - Diluted Hydrofluoric Acid DHF - Document History File) - On December 13, 2006, the Board of Trustees of DHF declared from net investment income a monthly cash dividend of $0.0285 per share of beneficial interest, payable on January 12, 2007 to shareholders of record at the close of business on December 28, 2006. The ex-dividend date is December 26, 2006. The $0.0285 per share investment income dividend represents a reduction of $0.004 from the previously declared monthly net investment income dividend Income dividend Any payout to mutual fund shareholders resulting from interest, dividends, or other income. of $0.0325. 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 Coupon payments A bond's interest payments. and from called, sold and/or matured securities, increased borrowing costs related to DHF's leverage, and an effort to reduce the accumulated distribution in excess of investment income-net, which was approximately $(1,423,000) as of November 30, 2006.(*) * The accumulated distribution in excess of investment income-net is determined in accordance with income tax regulations, which differ from U.S. generally accepted accounting principles. |
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