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NEW YORK--([ BUSINESS WIRE ])--On September 14, 2012, at a meeting of the Board of Trustees of Dreyfus High Yield Strategies Fund (NYSE: DHF) (the aFunda),the Board approved the appointment of Kevin Cronk as co-primary portfolio manager for the Fund. Mr. Cronk, currently a portfolio manager for the Fund, will co-manage the Fund with Chris Barris, the Fundas current primary portfolio manager. Dean Graves and Stephen Sylvester will remain as additional portfolio managers for the Fund. The Dreyfus Corporation (aDreyfusa) continues to be the investment adviser for the Fund.

Mr. Barris has been a primary portfolio manager of the Fund since October 2010 and employed by Dreyfus since July 2007. Mr. Barris is director of high yield strategies and a senior portfolio manager at Standish Mellon Asset Management Company LLC (Standish), an affiliate of Dreyfus, which he joined in 2005. Mr. Cronk has been a portfolio manager of the Fund and employed by Dreyfus since July 2012. Mr. Cronk is a senior high yield credit analyst and a portfolio manager at Standish, which he joined in 2011. Prior to joining Standish, he worked as a high yield analyst and portfolio manager at Columbia Management. Messrs. Barris and Cronk manage the fund as employees of Dreyfus.

Effective January 1, 2013, Messrs. Barris, Cronk, Graves and Sylvester will join Alcentra NY, LLC (Alcentra), an affiliate of Dreyfus. Mr. Barris will become head of global high yield and a senior portfolio manager at Alcentra and Mr. Cronk will become co-head of U.S. credit, a senior credit analyst and a portfolio manager at Alcentra. Messrs. Barris, Cronk, Graves and Sylvester will continue to manage the fund as employees of Dreyfus.

There currently are no anticipated changes to the Fundas investment objectives, policies, strategies or process.