JPMorgan Announces Merger of Pacholder & Co into JPMorgan Investment Management.NEW YORK -- JPMorgan announced today that Pacholder & Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("P&C"), the investment advisor to the Pacholder High Yield Fund, Inc. (AMEX AMEX See: American Stock Exchange :PHF PHF Public Health Foundation PHF Paired Helical Filaments PHF Pakistan Hockey Federation PHF Paul Harris Fellow PHF Potentially Hazardous Food PHF Peak Hour Factor (highway capacity, civil engineering) PHF Psychiatric Health Facility ) (the "Fund"), will merge into J.P. Morgan Investment Management Inc. ("JPMIM") effective as of the close of business on December 31, 2006. P&C became a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of JPMorgan in March 2005, and the investment advisors are now being merged to achieve greater operational efficiency and simplify the organizational structure. Upon completion of the merger, JPMIM will serve as investment advisor to the Fund. The transaction will not result in any portfolio management changes. William J. Morgan '''William J. Morgan may refer to:
The Fund is a closed-end diversified management investment company with a leveraged capital structure. Its investment objective is to provide a high level of total return through current income and capital appreciation. Under normal circumstances, the Fund invests at least 80% of the value of its assets in high yield securities. The Fund invests primarily in fixed income securities of domestic companies. The Fund's common stock is traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol "PHF". P&C and JPMIM are each indirect wholly-owned subsidiaries of JPMorgan Chase & Co., a leading global financial services firm with assets of $1.3 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. |
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