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Joseph S. DiMartino, a director at the BNY Mellon (NYSE:BK) High Yield Strategies Fund (NYSE:DHF), recently acquired a total of 20,000 shares of beneficial interest in two separate transactions. The purchases, disclosed in a Form 4 filing with the Securities and Exchange Commission, occurred on April 4 and April 7, 2025, as the stock traded near its 52-week low following an 8.63% decline over the past week.
The shares were acquired at prices ranging from $2.32 to $2.3771 per share, resulting in a total investment of $46,971. Following these transactions, Mr. DiMartino holds 220,000 shares directly in the $167.22 million market cap fund, which currently trades at a P/E ratio of 5.11.
These acquisitions reflect Mr. DiMartino's continued investment in the fund, which specializes in high-yield strategies and maintains a notable 9.01% dividend yield with a 28-year history of consecutive payments. The fund is managed by BNY Mellon Investment Adviser, Inc., headquartered in New York. InvestingPro analysis reveals 7 additional key insights about DHF's performance and outlook.
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