Dreyfus High Yield Strategies Fund (DHF) Announces Dividend Reduction.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Dreyfus High Yield Strategies Fund (NYSE NYSE See: New York Stock Exchange : DHF DHF dihydrofolate or dihydrofolic acid. ) - On December 13, 2006, the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. 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 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 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 The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting . |
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