Pacholder High Yield Fund, Inc. Announces Board Approval of Liquidation

Pacholder High Yield Fund, Inc. (the "Fund") (NYSE MKT:PHF) announced today that the Board of Directors (the “Board”) of the Fund approved the liquidation and dissolution of the Fund, subject to shareholder approval. J.P. Morgan Investment Management Inc., the Fund’s investment adviser, recommended the liquidation and dissolution to the Board.

A proposed plan of liquidation will be submitted for the approval of the Fund’s shareholders at the Fund’s 2017 annual shareholder meeting, which is scheduled to be held in May 2017. If the shareholders approve the proposed plan, the liquidation and dissolution of the Fund is anticipated to take place by July 31, 2017 (absent unforeseen circumstances).

Further information regarding the liquidation proposal will be included in the proxy materials that will be mailed to the Fund’s shareholders in advance of the shareholders meeting.

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