BNY Mellon High Yield Strategies Fund 

BNY Mellon High Yield Strategies Fund is a non-diversified, closed-end management investment company. Its primary investment objective is to seek high current income. The firm invests its assets in income securities of U.S. issuers rated below investment grade quality or unrated income securities that The Dreyfus Corp., serving as the fund's investment manager and administrator. The company was founded on March 16, 1998 and is headquartered in New York, NY.

NEW YORK--(BUSINESS WIRE)--On December 12, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on January 13, 2025, to shareholders of record at the close of business on December 27, 2024. The ex-dividend date is December 27, 2024. The previous dividend declared in November was $0.0175 per share of beneficial interest. Important Information BNY Mellon Inv.

BNY Mellon High Yield Strategies Fund Declares Dividend

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The broader market indexes continue to hit all-time highs, with broader participation continuing into September. Every month, I add to my positions in my closed-end fund portfolio to grow my cash flow month after month. The main theme this month, which has been most of the theme this year, was adding to funds that should benefit from a lower rate environment.

5 Closed-End Fund Buys In The Month Of September 2024

BNY Mellon High Yield Strategies Fund offers a diversified portfolio of below-investment-grade debt, with geographic diversification in U.S. and European markets. The fund's discount has narrowed, boosting total returns, but it remains a relative bargain in the high-yield CEF space. DHF's distribution is fully covered even after raising the monthly payout earlier in the year, delivering an 8.05% distribution yield to investors.

DHF: Relatively Attractive And Fully Covered ~8% Yield

NEW YORK--(BUSINESS WIRE)--On Thursday, August 8, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) approved a proposal, effective August 15, 2024, to permit BNY Mellon High Yield Strategies Fund (the “Fund”) to invest up to 20% of the Fund's total assets in floating rate loans. The Fund's investments in floating rate loans will be generally focused on senior secured loans but also may include second lien loans, senior unsecured loans, subordinated loans, and fixe.

BNY Mellon High Yield Strategies Fund Permitted to Invest Up to 20% of Total Assets in Floating Rate Loans

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Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio. I have tried to retrace here the steps leading up to that article and then subsequent developments in creating my current portfolio. Today, I favor CEFs and ETFs that, in addition to providing regular income, show a positive NAV performance since inception, thereby demonstrating their ability to also generate value over time.

Building A 10% Income Portfolio Today

BNY Mellon High Yield Strategies Fund has increased its distribution thanks to strong distribution coverage. DHF also trades at an attractive valuation, making it a potential option for investors in the high-yield market. The fund's performance has been respectable compared to its benchmark, but as a leveraged fund, it will be more volatile.

DHF: Remains A Fair Choice In The High-Yield Space

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Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.

Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change

NEW YORK--(BUSINESS WIRE)--BNY Mellon High Yield Strategies Fund (NYSE: DHF) today announced a monthly cash distribution of $0.0175 per share of beneficial interest, payable on April 1, 2024 to shareholders of record at the close of business on March 12, 2024. The ex-dividend date is March 11, 2024. The $0.0175 per share investment income dividend represents an increase of $0.0025 from the previously declared monthly net investment income dividend of $0.015 per share. The dividend increase prim.

BNY Mellon High Yield Strategies Fund Declares Distribution and Announces Increase in Monthly Distribution Amount

Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund and BNY Mellon High Yield Strategies Fund offer high monthly distributions and are trading at attractive discounts. Both funds utilize leverage to increase their potential returns and income-generation, but this comes with increased volatility and now higher borrowing costs. DHY has a stronger performance track record, but DHF looks like the better value today with strong distribution coverage as well.

DHF Vs. DHY: High Yield Plays At Attractive Discounts

BNY Mellon High Yield Strategies Fund offers a 7.76% yield, but other junk bond funds have considerably higher yields. The DHF closed-end fund has delivered impressive performance in recent months, but the market may have overpriced junk bonds. Investors may be better off selling the fund and purchasing higher-yielding peers to reduce risk and potentially maintain income.

DHF: Sell This Low-Yielding Junk Bond Fund Before The Market Corrects

BNY Mellon High Yield Strategies Fund offers a high yield of 8.18%, higher than many other investments in the market. The DHF closed-end fund's recent price performance has been decent, only down 0.90% over the past year. The fund primarily invests in junk bonds, which may concern risk-averse investors, but it has a diversified portfolio to minimize individual issuer risks.

DHF: Decent Junk Bond Fund At A Good Price, But Distribution History Problematic

NEW YORK--( BUSINESS WIRE )--BNY Mellon High Yield Strategies Fund (NYSE: DHF) today announced a monthly cash distribution of $0.015 per share of beneficial interest, payable on January 13, 2023 to shareholders of record at the close of business on December 29, 2022. The ex-dividend date is December 28, 2022. The $0.015 per share investment income dividend represents a decrease of $0.0035 from the previously declared monthly net investment income dividend of $0.0185 per share.

BNY Mellon High Yield Strategies Fund Declares Distribution and Announces Reduction in Monthly Distribution Amount

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Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The Quality Closed-End Fund Report, October 2022

BNY Mellon High Yield Strategies Fund is a fixed income closed end fund. The vehicle has a long track record, having IPO-ed in 1998.

DHF: High Yield CEF, Long Track Record

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Only funds with yields over 6.5%, coverage higher than 85%, and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, August 2022

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Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, July 2022

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'High-High-Low' Closed-End Fund Report, February 2022: ARDC, HYB, JRI Buy Ratings Affirmed

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Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are EHI, JPI and WEA.

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4 out of 24 CEF sectors positive on price and 2 out of 24 sectors positive on NAV last week. Date for PIMCO merger of PCI and PKO into PDI announced.

Weekly Closed-End Fund Roundup: November 28, 2021

NEW YORK--(BUSINESS WIRE)--BNY Mellon High Yield Strategies Fund (NYSE: DHF), BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) and BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX)(collectively, the "Funds") each announce the appointment of Bradley J. Skapyak to the Board. Mr. Skapyak is deemed to be an interested Board Member of the Funds as a result of his ownership of unvested restricted stock units of The Bank of New York Corporation

BNY Mellon High Yield Strategies Fund, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. and BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Appoint Bradley J. Skapyak as Board Member

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Only funds with yields over 7%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, August 2021

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These are some options that I think you can buy today if you own the selling candidate. Some of the buy candidates on here I would even buy outright if I didn't own the "sell."

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Only funds with yield over 7.5%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxYxZ funds are DSL, HPI, and HPF.

'High-High-Low' Closed-End Fund Report, (Belated) January 2021

NEW YORK--(BUSINESS WIRE)--BNY Mellon High Yield Strategies Fund (NYSE: DHF) (the “Fund”) today announced entry into a new credit facility of up to $125 million with BNP Paribas Prime Brokerage International Limited. The new credit facility replaces the credit facility with the Fund's previous credit facility provider. The credit facility is evergreen, subject to standard notice and termination provisions, and is secured by the Fund's investments. Borrowings under the new credit facility are at

BNY Mellon High Yield Strategies Fund Announces Change in Leverage Providers

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For the fourth month in a row, equity CEFs on average posted positive returns, rising 3.42% on a NAV basis for July.

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News for BNY Mellon High Yield Strategies Fund ETF (DHF)