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DALLAS, Jun 06, 2012 (BUSINESS WIRE) -- Pyxis Credit StrategiesFund (the "Trust") (NYSE: HCF) today announced that its Board ofTrustees (the "Board") has declared a regular distribution on itscommon stock, for June 2012, of $0.035 per share, payable on thelast business day of the month to holders of record at the close ofbusiness June 19, 2012. As of May 31, 2012, the Trust had estimated undistributed netinvestment income of approximately $4.0 million (unaudited). The following are annualized historical distribution ratecalculations based on the total declared distribution for themonth, the Trust's net asset value ("NAV") at month-end and theTrust's month-end closing price ("Market Price"). Month-End Distribution Rates Annualized---------------------------- ---------------------- Payment DateAmount NAV Market Price---------------------------------------------------- Ordinary STCap Gain LT Cap Gain Total ---------------------------------------- ------------ ------------ ---------- ----- -----------May 31, 2012 $ 0.0350 $ -- $ -- $ 0.0350 6.12 % 6.82 % April 30,2012 $ 0.0350 $ -- $ -- $ 0.0350 5.87 % 6.67 % March 31, 2012 $0.0350 $ -- $ -- $ 0.0350 5.97 % 6.62 % February 29, 2012 $ 0.0350$ -- $ -- $ 0.0350 5.85 % 6.64 % January 31, 2012 $ 0.0400 $ -- $-- $ 0.0400 6.77 % 7.64 % December 31, 2011 $ 0.0400 $ -- $ -- $0.0400 6.89 % 7.77 % November 30, 2011 $ 0.0400 $ -- $ -- $ 0.04006.85 % 7.62 % October 31, 2011 $ 0.0400 $ -- $ -- $ 0.0400 6.80 %7.59 % September 30, 2011 $ 0.0400 $ -- $ -- $ 0.0400 6.96 % 7.74 %August 31, 2011 $ 0.0400 $ -- $ -- $ 0.0400 6.77 % 7.23 % July 31,2011 $ 0.0400 $ -- $ -- $ 0.0400 6.36 % 6.62 % June 30, 2011 $0.0450 $ -- $ -- $ 0.0450 7.09 % 7.03 % Distribution rates arecalculated by annualizing the distribution declared during theperiod and then dividing the resulting annualized distribution bythe month-end NAV (in the case of NAV) or the month-end closingprice (in the case of Market Price). The distribution rate is basedon an estimation of investment income and may or may not include areturn of capital. The distribution rate is based solely on actualdistributions, which are made at the discretion of the Board. This press release is not for tax reporting purposes but is beingprovided to announce the amount of the Trust's distributions thathave been declared by the Board. In early 2013, after definitiveinformation is available, the Trust will send shareholders a Form1099-DIV specifying how the distributions paid by the Trust duringthe calendar year should be characterized for purposes of reportingthe distributions on a shareholder's tax return (e.g., ordinaryincome, short-term capital gain, long-term capital gain or returnof capital). About Pyxis Credit Strategies Fund On January 9th, 2012, HighlandFunds Asset Management, L.P. became Pyxis Capital, L.P. [pronouncedPIK' - siss], a registered investment adviser serving financialadvisers, institutions and individual investors seeking alternativeinvestment solutions. The Pyxis Credit Strategies Fund is a non-diversified, closed-endmanagement investment company. The Fund's investment objectives areto provide both current income and capital appreciation. The Fundseeks to primarily invest in secured and unsecured floating andfixed rate loans, bonds and other debt obligations, debtobligations of stressed, distressed and bankrupt issuers,structured products and equities. The Fund's shares are listed onthe NYSE under the symbol "HCF". An investment in the Fund is notappropriate for all investors. No assurance can be given that theFund will achieve its investment objectives. Shares of closed-end investment companies frequently trade at adiscount to net asset value. The price of the Fund's shares isdetermined by a number of factors, several of which are beyond thecontrol of the Fund. Therefore, the Fund cannot predict whether itsshares will trade at, below or above net asset value. Past performance does not guarantee future results. SOURCE: Pyxis Credit Strategies Fund CONTACT: Pyxis CreditStrategies Fund Shareholder Services, 877-665-1287info@pyxiscap.com Copyright Business Wire 2012 -0- KEYWORD: UnitedStates North America Texas INDUSTRY KEYWORD: Professional Services Finance SUBJECT CODE: Closed End Fund Dividend. I am an expert from songiclaser.com, while we provides the quality product, such as Red Vein Removal , No Needle Mesotherapy Manufacturer, Ultrasonic Cavitation Slimming Machine,and more.
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