| 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 |
| | |
| Position | John Strangfeld, Jr., 45 | Pres | Robert Gunia, 52 | VP | Grace Torres, 40 | Treasurer
and Principal Financial and Accounting Officer | Deborah Docs, 41 | Sec. | Stephen Ungerman, 46 | Assistant
Treasurer |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|