Pacholder High Yield Fund Announces Voluntary Redemption Of All Remaining 30 Outstanding Shares Of Auction Rate Preferred Shares

The Pacholder High Yield Fund, Inc. (NYSE MKT: PHF) announced that it is redeeming all remaining 30 outstanding shares of its Auction Rate Cumulative Preferred Stock, Series W (the "Preferred Shares") on December 22, 2016 (the "Redemption Date"). The Preferred Shares will be redeemed pursuant to and in accordance with Part I, Section 2(a)(i) of the Articles Supplementary. Shareholders will receive the liquidation preference of $25,000 per Preferred Share redeemed plus an amount equal to any accumulated but unpaid dividends, if applicable (the "Redemption Price"). The amount owed to Preferred Shareholders as a result of the redemption of the Preferred Shares will be credited to the record holder of the Preferred Shares. No further dividends will accumulate on the redeemed Preferred Shares on or after the Redemption Date.

The Fund is a closed-end diversified management investment company with a leveraged capital structure. The Fund's 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 New York Stock Exchange MKT under the symbol "PHF."

The information presented here is not intended as a solicitation. New investors cannot purchase shares directly from the Fund. Shares are listed on the New York Stock Exchange MKT, and interested investors should contact their financial advisor or broker-dealer for more information.

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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