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Profile - High Yield Income Fund (NYSE:HYI)
As of 31-Aug-2001
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More Info: Quote | Chart | Profile | Msgs | Insider
Recent Events
Aug 31Dividend payment of $0.05
Location
Gateway Center Three
100 Mulberry Street
Newark, NJ 07102
Phone: (800) 451-6788
Fax: (617) 456-6128
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Misc. Financial Services
Related Links
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Ownership
·Insider and 5%+ Owners: 1%
·Institutional: 2% (2% of float)
(9 institutions)
·Net Inst. Buying: 4,000  shares (+1.53%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
The High Yield Income Fund, Inc. was organized as a diversified, closed-end management investment company. The Fund's primary investment objective is to maximize current income to shareholders through investment in a diversified portfolio of high-yield, fixed-income securities rated in the medium to lower categories by recognized rating services, or nonrated securities of comparable quality. As a secondary investment objective, the Fund will seek capital appreciation, but only when consistent with its primary objective. The Fund has a management agreement with Prudential Investments Fund Management LLC.
More from Market Guide: Expanded Business Description

Financial Summary
High Yield Income Fund is a diversified, closed-end management investment company. The fund seeks high current income and capital appreciation from a portfolio of high-yielding, noninvestment grade bonds, commonly known as junk bonds. For the six months ended 2/28/01, investment income totaled $4.6 million. Net investment income totaled $3.5 million. Net increase in net assets resulting from operations totaled $1.5 million. Net asset value per share totaled $5.90.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]

Position
John Strangfeld, Jr., 45Pres
Robert Gunia, 52VP
Grace Torres, 40Treasurer and Principal Financial and Accounting Officer
Deborah Docs, 41Sec.
Stephen Ungerman, 46Assistant Treasurer
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:HYIAs of 31-Aug-2001
Price and Volume
52-Week Low
on 1-Dec-2000
$4.438
Recent Price$5.95 
52-Week High
on 29-Jan-2001
$6.34 
Beta0.33 
Daily Volume (3-month avg)15.4K
Daily Volume (10-day avg)18.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+3.5%
52-Week Change
relative to S&P500
+38.8%
Share-Related Items
Market Capitalization$67.4M
Shares Outstanding11.3M
Float11.2M
Dividends & Splits
Annual Dividend (indicated)$0.60 
Dividend Yield10.08%
Last Splitnone 
Per-Share Data
Book Value (mrq)$5.90 
Earnings (ttm)$0.13 
Earnings (mrq)$0.13 
Sales (ttm)$0.83 
CashN/A 
Valuation Ratios
Price/Book (mrq)1.01 
Price/Earnings (ttm)45.77 
Price/Sales (ttm)7.21 
Income Statements
Sales (ttm)$9.35M
EBITDA (ttm)$7.64M
Income available to common (ttm)$1.48M
Profitability
Profit Margin (ttm)15.8%
Operating Margin (ttm)91.5%
Fiscal Year
Fiscal Year EndsAug 31
Most recent quarter28-Feb-2001
Management Effectiveness
Return on Assets (ttm)1.66%
Return on Equity (ttm)2.13%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)0.27 
Total CashN/A 
Short Interest
As of 8-Aug-2001
Shares Short76.0K
Percent of Float0.7%
Shares Short
(Prior Month)
107.0K
Short Ratio5.07 
Daily Volume15.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 28-Feb-2001)

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