NEW YORK -- (Business Wire)
On July 23, 2014, the Board of Trustees of DHF approved a revised
Investment Management and Administration Agreement between DHF and The
Dreyfus Corporation, DHF's investment adviser ("Dreyfus"), to reflect a
reduction to the investment management and administration fee of DHF,
effective August 1, 2014. The investment management and administration
fee had been computed at the annual rate of .90% of the value of DHF's
average weekly total assets minus the sum of accrued liabilities (other
than the aggregate indebtedness constituting financial leverage) (the
"Managed Assets") and, effective August 1, 2014, the investment
management and administration fee will be computed at the annual rate of
.75% of the value of DHF's Managed Assets. Dreyfus had been waiving
receipt of a portion of DHF's investment management and administration
fee in the amount of .15% of the Managed Assets but, in light of the
reduction of the investment management and administration fee, that
waiver will be terminated, effective August 1, 2014.
Contacts:
For Press Inquiries:
The Dreyfus Corporation
Patrice M.
Kozlowski
212-922-6030
or
For Other Inquiries:
MBSC
Securities Corporation
The National Marketing Desk
200 Park
Avenue
New York, New York 10166
1-800-334-6899
Source: Dreyfus High Yield Strategies Fund
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