2008-08-22 00:10:04 -

www.phf-hy.com - First graph, second sentence of release dated August 11, 2008 should read: The dividend will be payable on September 10, 2008 to shareholders of record on August 29, 2008 (sted The dividend will be payable on September 10, 2008 to shareholders of record on August 31, 2008).

The corrected release reads:

PACHOLDER HIGH

YIELD FUND ANNOUNCES MONTHLY DIVIDEND

The Pacholder High Yield Fund, Inc. (AMEX:PHF) declared a regular monthly dividend of $0.075 per common share for the month ending August 31, 2008. The dividend will be payable on September 10, 2008 to shareholders of record on August 29, 2008. The ex-date for the dividend is August 27, 2008.

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 American Stock Exchange under the symbol "PHF."

The Pacholder High Yield Fund, Inc.
1-877-217-9502