2008-10-10 22:24:00 -

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

The distribution is expected

to be paid from net investment income (regular interest). Because distribution source estimates are updated throughout the year based on the Fund's performance and forecast for its current fiscal year (which is the calendar year), these estimates may differ from both the tax information reported to you in your 1099 statement, as well as the ultimate economic sources of distributions over the life of your investment.

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