BNY MELLON HIGH YIELD STRATEGIES FUND (DHF)
Managed by BNY Mellon Investment Adviser, Inc., the BNY Mellon High Yield Strategies Fund operates as a closed-end mutual fund focused on fixed income investments. Its strategy involves allocating capital primarily within the United States' fixed income markets. The fund predominantly invests in debt securities of below investment-grade quality, particularly those issued by nascent companies or businesses with highly leveraged financial structures. For performance evaluation, it benchmarks against the BofA Merrill Lynch U.S High Yield Master II Constrained Index. This U.S.-domiciled fund, established on April 29, 1998, was formerly known as the Dreyfus High Yield Strategies Fund.
Industry: Asset Management
BNY Mellon High Yield Strategies Fund
NYSE:DHFFinancial Services · Asset Management
+0.91%$2.22
AH Close$2.22+0.00%vs close
AH$2.22+0.00%vs close
Mkt Cap$161.48M
Float72.52M
O/S72.74M
Inst Own39.2%
Div Yield9.46%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$22.17M
Net Income$12.36M
Total Assets$285.47M
Free Cash Flow$14.23M
Debt & Equity
Debt 28%
Equity 72%
Total Debt$74M
Total Equity$194.14M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in DHF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$285.47M
Liabilities$91.34M
Accounts Receivable$4.79M
Accounts Payable$16.89M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 |
| Revenue | $22.17M | $20.78M | $23.21M | -$20.34M | $250K | $70.69M | -$33.54M | $13.2M | $12.04M | $25.55M | $4.01M | $28.08M | $30.8M | $32.52M |
| YoY Growth | 6.7% | -10.5% | -214.1% | -8222.0% | -99.6% | -310.7% | -354.0% | 9.7% | -52.9% | 536.8% | -85.7% | -8.8% | -5.3% | - |
| Cost of Revenue | $2.25M | $4.47M | $4.99M | $2.17M | -$21.03M | $48.87M | $2.75M | -$12.72M | $2.94M | $2.91M | $2.97M | $0 | $0 | $0 |
| Gross Profit | $19.92M | $16.31M | $23.21M | -$22.51M | $21.28M | $21.81M | -$36.3M | $25.92M | $9.1M | $22.64M | $1.05M | $28.08M | $30.8M | $32.52M |
| Gross Margin | 89.9% | 78.5% | 100.0% | 110.7% | 8496.1% | 30.9% | 108.2% | 196.3% | 75.6% | 88.6% | 26.1% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $480K | $485K | $459K | $421K | $539K | $454K | $454K | $388K | $476K | $3.21M | $3.26M | $3.5M | $3.51M | $3.58M |
| Other | $3.27M | $0 | $0 | -$2.16M | -$25.55M | $17K | $13K | $17K | $16K | $0 | -$16.5M | $0 | $0 | $0 |
| Total Operating Expenses | $3.75M | $485K | $459K | $441K | $559K | $471K | $467K | $405K | $492K | $21.03M | $16.5M | $19.35M | $337K | $15.79M |
| Operating Income (EBIT) | $16.17M | $15.83M | $20.75M | $17.25M | $18.22M | $18.96M | $21.47M | $22.84M | $14.31M | $47.12M | -$15.46M | $24.58M | $27.29M | $28.94M |
| Operating Margin | 73.0% | 76.2% | 89.4% | -84.8% | 7276.1% | 26.8% | -64.0% | 173.0% | 118.8% | 184.4% | -385.2% | 87.5% | 88.6% | 89.0% |
| Interest Expense | $3.81M | $4.47M | $4.99M | $3.03M | $998K | $1.31M | $3.55M | $3.8M | $2.76M | $2.09M | $1.62M | $1.49M | $1.49M | $1.62M |
| Interest Income | $20.89M | $21.97M | $22.86M | $19.4M | $21.25M | $21.76M | $24.42M | $25.78M | $25.53M | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$3.81M | -$4.47M | $3.57M | -$25.53M | -$21.34M | $51.25M | $2.75M | -$10.04M | -$10.75M | $0 | $0 | -$17.34M | $1.68M | $17.75M |
| Income Before Tax (EBT) | $12.36M | $15.83M | $24.31M | -$20.78M | -$309K | $70.22M | -$34.01M | $12.8M | $11.55M | $45.03M | -$17.08M | $7.24M | $28.97M | $46.69M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22.3M | $20.06M | -$42.35M | $0 | $185K | $0 |
| Net Income | $12.36M | $15.83M | $24.31M | -$20.78M | -$309K | $70.22M | -$34.01M | $12.8M | $11.55M | $45.03M | -$17.08M | $7.24M | $28.97M | $46.69M |
| Net Income Margin | 55.8% | 76.2% | 104.7% | 102.2% | -123.3% | 99.3% | 101.4% | 96.9% | 95.9% | 176.2% | -425.8% | 25.8% | 94.1% | 143.6% |
| Supplementary Data | ||||||||||||||
| EPS | 0.17 | 0.22 | 0.33 | -0.29 | -0.00 | 0.97 | -0.47 | 0.18 | 0.15 | 0.62 | -0.24 | 0.10 | 0.40 | 0.64 |
| Diluted EPS | 0.17 | 0.22 | 0.33 | -0.29 | -0.00 | 0.97 | -0.47 | 0.18 | 0.15 | 0.62 | -0.24 | 0.10 | 0.40 | 0.64 |
| Weighted Average OS | 72.74M | 72.74M | 72.74M | 71.67M | 72.74M | 72.71M | 72.71M | 71.11M | 76.98M | 72.71M | 72.64M | 72.64M | 72.57M | 72.46M |
| EBITDA | $16.17M | $15.83M | $0 | -$30.25M | $3.49M | $71.53M | -$88.7M | $12.8M | $22.3M | $45.03M | -$17.08M | $24.58M | $27.29M | $48.31M |
| EBITDA Margin | 73.0% | 76.2% | - | 148.7% | 1395.2% | 101.2% | 264.4% | 96.9% | 185.2% | 176.2% | -425.8% | 87.5% | 88.6% | 148.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $5.97M | $2.6M | $4.55M | $1.58M | $123K | $1.38M | $42K | $853K | $138K | $1.46M | $2.75M | $897K | $153K | $2.32M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$258K | -$789K | $61K | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $5.97M | $2.6M | $4.55M | $1.58M | $123K | $1.38M | $266K | $1.51M | $199K | $1.46M | $2.75M | $897K | $153K | $2.32M |
| Accounts Receivable | $4.79M | $12.4M | $10.02M | $9.28M | $8.19M | $9.84M | $14.09M | $8.12M | $13.21M | $7.23M | $8.59M | $8.53M | $9.53M | $9.09M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$66K | $0 | $244K | $0 | $144K | $98K | $34K | $128K | $128K | $124K | $0 | $0 | $231K | $462K |
| Total Current Assets | $10.76M | $15.07M | $14.88M | $10.93M | $8.53M | $11.42M | $14.6M | $9.85M | $13.41M | $9.1M | $11.62M | $9.71M | $10.19M | $11.88M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $274.65M | $5K | $273.21M | $261.47M | $316.12M | $334.82M | $266.5M | $353.56M | $365.38M | $373.41M | $341.8M | $398.22M | $416.94M | $413.25M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $66K | $267.27M | -$273.21M | $270.74M | -$267K | -$1.48M | -$258K | -$789K | -$365.38M | -$373.41M | $0 | -$398.22M | -$416.94M | -$413.25M |
| Total Long-Term Assets | $274.71M | $267.28M | $273.21M | $261.47M | $315.86M | $333.34M | $266.24M | $352.77M | $365.38M | $373.41M | $341.8M | $398.22M | $416.94M | $413.25M |
| Other Assets | $0 | $0 | -$244K | $0 | $0 | $0 | $0 | $0 | $161K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $285.47M | $282.35M | $287.85M | $272.39M | $324.39M | $344.76M | $280.84M | $362.62M | $378.95M | $382.51M | $353.42M | $407.93M | $427.14M | $425.12M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $16.89M | $11.02M | $10.4M | $5.89M | $4.52M | $6.33M | $7.04M | $7.03M | $11.41M | $5.23M | $3.48M | $5.76M | $6.33M | $4.76M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $182K | $422K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$14K | -$182K | -$422K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $1.27M | $1.23M | $1.35M | $1.56M | $1.77M | $1.72M | -$12.34M | $1.95M | $2.46M | $2.37M | $2.34M | $3.15M |
| Total Current Liabilities | $17.1M | $11.02M | $12.35M | $7.94M | $6.77M | $9.03M | $9.57M | $9.44M | $13.6M | $7.79M | $6.47M | $8.62M | $9.23M | $7.91M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $74M | $74M | $79M | $79M | $96M | $96M | $83M | $112M | $116M | $116M | $110M | $120M | $120M | $120M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $233K | $282K | -$79M | -$79M | -$96M | -$96M | -$83M | -$112M | -$116M | $0 | $0 | $0 | $0 | -$120M |
| Total Long-Term Liabilities | $74.23M | $74.28M | $79M | $79M | $96M | $96M | $83M | $112M | $116M | $116M | $110M | $120M | $120M | $120M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $453K | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $91.34M | $85.3M | $91.35M | $86.94M | $102.77M | $105.03M | $92.57M | $121.44M | $130.06M | $123.79M | $116.47M | $128.62M | $129.23M | $127.91M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $277.57M | $277.57M | $277.58M | $277.58M | $277.58M | $277.48M | $277.48M | $277.48M | $277.48M | $310.95M | $335.43M | $341.36M | $341.07M | $360.57M |
| Retained Earnings | -$83.44M | -$80.52M | -$81.08M | -$92.12M | -$55.95M | -$37.76M | -$89.21M | -$36.3M | -$361K | -$1.05M | $74K | -$62.06M | -$43.16M | -$63.36M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$28.23M | -$51.18M | -$98.56M | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$28.23M | -$51.18M | -$98.56M | $0 | $0 | $0 |
| Total Equity | $194.14M | $197.05M | $196.5M | $185.46M | $221.62M | $239.73M | $188.27M | $241.19M | $248.89M | $258.72M | $236.94M | $279.31M | $297.91M | $297.21M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $285.47M | $282.35M | $287.85M | $272.39M | $324.39M | $344.76M | $280.84M | $362.62M | $378.95M | $382.51M | $353.42M | $407.93M | $427.14M | $425.12M |
| Supplementary Data | ||||||||||||||
| Total Debt | $74M | $74M | $79M | $79M | $96.18M | $96.42M | $83M | $112M | $116M | $116M | $110M | $120M | $120M | $120M |
| Net Debt | $68.03M | $71.4M | $74.45M | $77.42M | $96.06M | $95.04M | $82.96M | $111.15M | $115.86M | $114.54M | $107.25M | $119.1M | $119.85M | $117.68M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 |
| Operating Activities | ||||||||||||||
| Net Income | $12.36M | $15.83M | $24.31M | -$20.78M | -$309K | $70.22M | -$34.01M | $12.8M | $11.55M | $45.03M | -$17.08M | $7.24M | $28.97M | $46.69M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $21.02M | -$2.33M | $22.98M | -$1.05M | $1.62M | $4.29M | -$5.93M | $5.08M | $78K | $249K | $953K | $447K | $209K | $411K |
| Inventory | $0 | $0 | $0 | $0 | $1.83M | $661K | $53K | $4.42M | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$2.09M | -$2.08M | -$2.03M | $1.3M | -$1.83M | -$661K | -$53K | -$4.42M | -$13K | $23K | -$23K | $0 | $0 | $0 |
| Other Working Capital | $0 | -$1.07M | -$429K | $1.48M | -$1.79M | -$643K | -$38K | -$4.5M | $159K | $37K | $61K | -$58K | -$53K | -$186K |
| Total Working Capital Change | $18.93M | -$3.4M | $20.52M | $428K | -$174K | $3.65M | -$5.97M | $584K | $224K | $310K | $991K | $388K | $156K | $225K |
| Other Non-Cash Items | -$17.06M | $5.88M | -$28.74M | $54.63M | $17.48M | -$67.36M | $86.78M | $12.44M | $8.57M | -$21.4M | $40.78M | $19.17M | -$2.81M | -$13.65M |
| Net Cash from Operating | $14.23M | $18.31M | $16.09M | $34.28M | $17M | $6.5M | $46.8M | $25.82M | $20.34M | $24.21M | $25.61M | $26.81M | $26.31M | $33.26M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | -$2 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$315.13M | $0 | -$293.77M | $0 | -$7.69M | -$12.22M | $0 | $0 | -$166.29M | -$200.69M | -$197.27M | $0 | $0 | $0 |
| Sales of Investments | $322.09M | $0 | $0 | $52.77M | $0 | $0 | $44.34M | $7.14M | $168.85M | $193.49M | $197.4M | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $6.96M | $7.19M | -$4.77M | $52.77M | -$7.69M | -$12.22M | $44.34M | $7.14M | $2.55M | -$7.2M | $135K | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | $5M | - | $17.18M | $240K | -$13.42M | $29M | $4M | - | -$6M | $10M | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$15.27M | -$15.27M | -$13.09M | -$15.64M | -$18.01M | -$18.76M | -$19.05M | -$20.5M | -$21.59M | -$23.43M | -$25.28M | -$26.06M | -$28.48M | -$31.74M |
| Other Financing Activities | $0 | $0 | $0 | $0 | -$240K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$15.27M | -$20.27M | -$13.09M | -$32.82M | -$18.25M | -$5.34M | -$48.05M | -$24.5M | -$21.59M | -$17.43M | -$35.28M | -$26.06M | -$28.48M | -$31.74M |
| Forex Effect | -$2.55M | $37K | -$33K | $2K | -$2K | -$52K | $2K | -$2K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $3.37M | -$1.93M | $2.97M | $1.46M | -$1.25M | $1.11M | -$1.25M | $1.31M | -$1.26M | -$1.29M | $1.85M | $744K | -$2.17M | $1.53M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $14.23M | $18.31M | $16.09M | $34.28M | $17M | $6.5M | $46.8M | $25.82M | $20.34M | $24.21M | $25.61M | $26.81M | $26.31M | $33.26M |
| Capital Expenditure | $4 | $0 | -$2 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $14.23M | $18.31M | $16.09M | $34.28M | $17M | $6.5M | $46.8M | $25.82M | $20.34M | $24.21M | $25.61M | $26.81M | $26.31M | $33.26M |
| Cash at Beginning | $2.6M | $4.55M | $1.58M | $123K | $1.38M | $266K | $1.51M | $199K | $1.46M | $2.75M | $897K | $153K | $2.32M | $797K |
| Cash at End | $5.97M | $2.62M | $4.55M | $1.58M | $123K | $1.38M | $266K | $1.51M | $199K | $1.46M | $2.75M | $897K | $153K | $2.32M |