High Yield Strategies Fund approves $25 million facility increase, plans $10 million preferred-share issue

High Yield Strategies Fund Inc. approved a $25 million increase in its revolving debt financing facility and plans to issue $10 million of additional Series D Mandatory Redeemable Preferred Shares. The transactions represent a more specific increase in leverage than the fund’s earlier disclosure, and the announcement said they would raise the Fund’s total committed financing.

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