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RELEASE IMMEDIATELY TO THE FOLLOWING:
METRO NEW YORK DISCLOSURE CIRCUIT
For Immediate Release, New York, New York, April 25, 2003 - DREYFUS HIGH YIELD
STRATEGIES FUND (NYSE; DHF) - DHF's Portfolio Holdings as of March 31, 2003.
As stated in DHF's press release dated April 24, 2003, included below are the
Fund's holdings as of March 31, 2003.
Description Coupon Maturity PAR Mkt Val
ACME INTR SR DISC NT 0 9/30/2005 5,800 1.55
ADVANCED ACCS SR SUB NT 9.75 10/1/2007 6,300 1.65
AFT 99-1A D USER 11 10/27/2008 6,699 0.17
AIR 2 US-AIRBUS 144A D 12.266 10/1/2020 9,641 0.11
AIRXCEL INC SR SUB NT 11 11/15/2007 4,200 0.89
ALAMOSA SR DISC NT 0 2/15/2010 580 0.05
ALAMOSA SR NT 13.625 8/15/2011 730 0.10
ALLEGHENY ENERGY 144A 10.25 11/1/2007 1,786 0.46
ALLEGHENY ENERGY BD 144A 8.75 4/15/2012 4,495 0.89
ALLIANCE LAUNDRY SRSUBNT 9.625 5/1/2008 4,000 0.95
ALLIED WASTE SRSUB 10 8/1/2009 6,541 1.76
AMC ENTMT SR SUB NT 9.875 2/1/2012 986 0.26
AMC ENTMT SR SUB NT 9.5 3/15/2009 358 0.09
AMER TOWER SRNT 9.375 2/1/2009 4,184 .98
AMERICAN TWR ESC UNITS 0 8/1/2008 450 0.08
AMI SEMICON INC 144A 10.75 2/1/2013 1,790 0.49
AMR CORP DEL DEB 9.75 8/15/2021 2,400 0.14
AMR CORP DEL DEB 9 8/1/2012 1,800 0.10
ANR PIPELINE SRNT 144A 8.875 3/15/2010 2,230 0.61
APPLETON PAPERS INC GLBL 12.5 12/15/2008 850 0.25
AQUA CHEM INC SR SUB NT 11.25 7/1/2008 2,000 0.40
AVECIA GROUP SRNT 11 7/1/2009 10,529 2.33
BALLY TOTAL SRSUBNT 9.875 10/15/2007 1,330 0.30
BE AEROSPACE INC 8.875 5/1/2011 3,361 0.55
BELDEN & BLAKE SRNT 9.875 6/15/2007 4,947 1.16
BRICKMAN GROUP LTD 144A 11.75 12/15/2009 888 0.25
BUCKEYE CELL SR SUB NT 8.5 12/15/2005 2,478 0.62
BUCKEYE CELL SR SUB NT 9.25 9/15/2008 1,000 0.24
BUFFETS INC SRSUBNT GLBL 11.25 7/15/2010 448 0.10
CALL NET ENTERP SRNT 10.625 12/31/2008 2,000 0.36
CALPINE CANADA ENER SRNT 8.5 5/1/2008 7,314 1.10
CALPINE CORP SR NT 7.75 4/15/2009 7,290 1.06
CALPINE CORP SR NT 7.625 4/15/2006 2,000 0.31
CENTERPOINT EN RESC 144A 7.875 4/1/2013 875 0.24
CHARTER COM SR DISC 0 1/15/2011 2,170 0.17
CHARTER COM SR NT 10.75 10/1/2009 11,637 1.41
CHARTER COMM HLD NT 0 4/1/2011 1,343 0.14
CHARTER COMM SR NT 0 5/15/2011 7,934 0.64
CHARTER COMM SR NT 10 5/15/2011 3,193 0.36
CHARTER COMM SR NT 0 1/15/2012 1,345 0.10
CMS ENERGY SR NT 9.875 10/15/2007 4,739 1.14
COASTAL CORP NT 6.5 6/1/2008 12,518 2.62
COASTAL CORP NT 7.625 9/1/2008 2,891 0.62
COAXIAL COMM SR NT 10 8/15/2006 2,218 0.58
COLLINS & AIKMN PD GLBL 10.75 12/31/2011 2,216 0.56
COMCAST UK CABLE PARTNER 11.2 11/15/2007 7,790 1.50
CROWN CASTLE INTL 9.375 8/1/2011 1,386 0.33
CROWN CASTLE SR NT 10.75 8/1/2011 1,000 0.25
CountryWide, 2001-9 B4 6.75 6/25/2031 489 0.11
CountryWide, 2001-9 B5 6.75 6/25/2031 711 0.07
DAY INTL GROUP SR NT 11.125 6/1/2005 1,000 0.27
DEL MONTE SRSUBNT 144A 8.625 12/15/2012 1,879 0.52
DELTA AIRLINES NT 7.7 12/15/2005 1,970 0.30
DOANE PET CARE SRNT 144A 10.75 3/1/2010 1,350 0.36
DOLE FOOD INC NT 8.875 3/15/2011 444 0.12
DRESSER INC SRNT 9.375 4/15/2011 975 0.25
DYNEGY INC SR NTS 8.125 3/15/2005 4,011 0.85
EL PASO ENERGY SRNT 144A 10.625 12/1/2012 1,765 0.51
ELGIN NATL IND SRNT 11 11/1/2007 6,026 0.71
EOTT ENERGY PART SR NT 11 10/1/2009 6,746 1.1
EQUISTAR CHEMICALS L.P. 6.5 2/15/2006 250 0.06
EXTENDICARE HEALTH SRSUB 9.35 12/15/2007 1,124 0.24
FAIRPOINT COMM REG S 11.875 3/1/2010 449 0.12
FAIRPOINT COMM SRSB 12.5 5/1/2010 555 0.13
FHLMC GOLD 2407 6.5 2/15/2022 903 0.00
FINOVA GROUP INC 7.5 11/15/2009 1,365 0.13
FNMA REMIC 01-52 6.5 3/25/2021 3,999 0.00
GEORGIA PAC CORP 144A 9.375 2/1/2013 1,480 0.41
GEORGIA PAC CORP 144A 8.875 2/1/2010 845 0.23
GRAY TELEVISION SR SUB 9.25 12/15/2011 450 0.13
HANOVER EQUIP TR 01 GBGL 8.75 9/1/2011 3,912 .99
HAYNES INTL INC SR NT 11.625 9/1/2004 2,000 0.8
HEALTHSTH CO SR NT 7 6/15/2008 4,320 0.2
HEXCEL CORP SRSUBNT 9.75 1/15/2009 4,703 1.11
HOLLYWOOD ENTMT CORP 9.625 3/15/2011 888 0.24
HORIZON PCS INC GLOBAL 13.75 6/15/2011 3,000 0.11
HOST MARRIOTT LP GLBL 9.5 1/15/2007 450 0.12
HOUGHTON MIFFLIN 144A 9.875 2/1/2013 445 0.13
HUNTSMAN INTL LLC 10.125 7/1/2009 11,081 2.73
HUNTSMAN PACK SRSUB 13 6/1/2010 1,350 0.32
INSIGHT MIDWEST 144A 9.75 10/1/2009 885 0.24
JPMORGANHYDI NT 144A 8.75 11/15/2007 5,000 1.35
JPMORGANHYDI NT 144A 9.7 11/15/2007 1,500 0.40
K&F INDS INC SR SUB 9.625 12/15/2010 657 0.18
KEY COMPONENTS SR NT 10.5 6/1/2008 2,567 0.65
LAND O LAKES INC SRNT 8.75 11/15/2011 4,742 0.77
LEVI STRAUSS &CO NT 11.625 1/15/2008 3,676 0.90
LEVIATHAN GAS SR NT 10.375 6/1/2009 986 0.27
LORAL CYBERSTAR INC 10 7/15/2006 2,198 0.24
LYONDELL PETRO-CHEM 144A 9.5 12/15/2008 1,475 0.37
LYONDELL PETRO-CHEM SRNT 11.125 7/15/2012 433 0.12
LYONDELL PETRO-CHEM SRNT 9.875 5/1/2007 295 0.08
MARCONI CORP PLC BD 8.375 9/15/2030 5,586 0.39
MEDIACOM BROADBAND SR NT 11 7/15/2013 1,500 0.44
METROMEDIA FIBER SR NT 10 12/15/2009 12,350 0.11
METROMEDIA FIBER SR NT 10 11/15/2008 6,600 0.06
MEXICAN BONOS 110714 10.5 7/14/2011 20,000 0.49
MIRANT AMERICAS 7.625 5/1/2006 6,380 1.01
MIRANT AMERICAS 7.2 10/1/2008 3,379 0.45
MJD COMM F/R NT 5.806 5/1/2008 5,000 .96
MOORE NORTH AMER 144A 7.875 1/15/2011 560 0.15
NATIONAL EQUIP SRNT 10 11/30/2004 6,487 0.34
NATIONAL EQUIP SRNT 10 11/30/2004 4,700 0.25
NEXTEL COMM SR NT 9.375 11/15/2009 945 0.26
NEXTEL COMMUNICATIONS 5.25 1/15/2010 2,500 0.56
NEXTEL PART SR NT 12.5 11/15/2009 3,170 0.85
NORTHEAST OPTIC SRNT 12.75 8/15/2008 2,960 0.06
NUEVO ENERGY SRSUBNT 9.375 10/1/2010 2,690 0.72
OLD EVANGELINE DOWN 144A 13 3/1/2010 900 0.24
OM GROUP INC 9.25 12/15/2011 6,954 1.41
OWENS CORNING DEB 7.5 8/1/2018 6,700 0.42
OWENS CORNING NT 7.7 5/1/2008 50 0.00
PARK PLACE ENT NT 8.875 9/15/2008 985 0.27
PEGASUS COMM SRNT 12.5 8/1/2007 6,100 1.25
PENNEY JC INC NT 8 3/1/2010 896 0.24
PERKINELMER INC 144A 8.875 1/15/2013 1,227 0.33
PETROBRAS INTL FIN 9.875 5/9/2008 2,000 0.52
POINDEXTER J B INC SR NT 12.5 5/15/2004 5,000 .94
PREMCOR REFINING 144A 9.5 2/1/2013 1,120 0.31
PREMCOR REFINING 144A 9.25 2/1/2010 900 0.25
PREMIER PARKS SR NT 9.75 6/15/2007 2,888 0.73
QUEBEC PROVINCE 3.3 12/1/2013 1,170 0.21
QWEST CAPITAL FDG 5.875 8/3/2004 2,000 0.7
QWEST SERVICES CORP 144A 13.5 12/15/2010 6,119 1.68
QWEST SERVICES CORP 144A 13 12/15/2007 1,800 0.49
QWEST SERVICES CORP 144A 14 12/15/2014 1,458 0.41
R.H. DONNELLY INC 144A 8.875 12/15/2010 660 0.19
R.H. DONNELLY INC 144A 10.875 12/15/2012 440 0.13
RAB ENTERPRISES SR NT 10.5 5/1/2005 3,047 0.40
RADNOR HLDGS SRNT 144A 11 3/15/2010 650 0.16
REGAL CINEMAS SR NT GLBL 9.375 2/1/2012 455 0.13
REMINGTON ARMS SRNT 144A 10.5 2/1/2011 335 0.09
RESOLUTION PERFO 13.5 11/15/2010 1,354 0.37
RESORTS INTL HOTEL 11.5 3/15/2009 5,002 1.13
REXNORD CORP SRSBNT 144A 10.125 12/15/2012 975 0.27
RESIDENTIAL FUND 2001-S19 B1 6.5 8/25/2016 144 0.04
RESIDENTIAL FUND 2001-S19 B2 6.5 8/25/2016 72 0.02
RESIDENTIAL FUND 2001-S19 B3 6.5 8/25/2016 144 0.02
RIVERWOOD INTL SR SUB NT 10.875 4/1/2008 1,339 0.36
RIVIERA HLDS SRNT GLBL 11 6/15/2010 1,350 0.30
ROGERS WIRELESS INC 9.625 5/1/2011 1,000 0.28
SBA COMM SR NT 10.25 2/1/2009 1,500 0.28
SLEEPMASTER SR NT 11 5/15/2009 17,631 0.87
SOU NAT GAS SRNT 144A 8.875 3/15/2010 1,795 0.49
STAR CHOICE COMM 13 12/15/2005 7,750 2.05
STATION CASINOS SRSUBNT 9.875 7/1/2010 449 0.13
SWIFT & CO SR NT 144A 10.125 10/1/2009 441 0.11
SYNAGRO TECH SRSBNT GLBL 9.5 4/1/2009 896 0.25
TEKNI-PLEX SR SUB NT 12.75 6/15/2010 3,488 0.83
TELESYSTEM INTL 144A 14 12/30/2003 207 0.05
TELESYSTEM INTL SRNT 14 12/30/2003 2,173 0.53
TEMBEC INDS INC NT 8.5 2/1/2011 1,343 0.36
TEREX CORP SRSUBNT 10.375 4/1/2011 2,250 0.61
TESORO PETE CO SRSUBNT 9 7/1/2008 3,418 0.76
TFM SA DE CV SR NT 10.25 6/15/2007 5,000 1.17
TREAS NOTES TIPS 3.875 1/15/2009 926 0.3
TREAS NOTES TIPS 3.625 1/15/2008 926 0.3
TRUMP HLDGS & FDG 144A 11.625 3/15/2010 900 0.22
TRW AUTOMOTIVE INC 144A 9.375 2/15/2013 494 0.13
TURNING STONE CAS 144A 9.125 12/15/2010 1,113 0.30
TYCO INTL GROUP SA NT 6.375 6/15/2005 7,389 1.90
U S TIMBERLAND SR NT 9.625 11/15/2007 7,750 1.29
UNITED RNTL NT 10.75 4/15/2008 1,775 0.48
UNITED RNTL NT 144A 10.75 4/15/2008 984 0.27
US WEST CAP FDG NT 6.25 7/15/2005 3,944 0.87
WCI COMMUNITIES INC 10.625 2/15/2011 2,370 0.63
WILLIAMS CO INC NT 144A 8.125 3/15/2012 4,275 0.97
WILLIAMS CO INC NTS 6.5 8/1/2006 4,933 1.16
WILLIAMS CO INC NTS 6.75 1/15/2006 2,785 0.67
WILLIAMS CO INC NTS 7.125 9/1/2011 1,997 0.45
WILLIAMS COMM GROUP LOAN 0 3/14/2007 1,154 0.26
WILLIAMS HLDG INC NT 6.5 12/1/2008 2,558 0.56
WILLMS SCTMN SR NT 9.875 6/1/2007 2,229 0.56
WISER OIL SR SUB NT 9.5 5/15/2007 4,543 .98
WORLDCOM INC GLBL NT 7.5 5/15/2011 7,000 0.49
WORLDCOM INC NT 7.875 5/15/2003 5,550 0.39
WYNN LAS VEGAS 2NDMTG 12 11/1/2010 1,390 0.38
Short-Term Instruments 5,554 1.44
Dividend Rate Shares % Mkt Value
KAISER GROUP HLD PFD $3.85 75,565 .80
KAISER GROUP HLDGS 108,168 0.00
PAXSON COMM EXCH PIK PFD $975 769 .99
PAXSON EXCH PIK PFD $1,325 214 .43
CSC HOLDING INC PIK PFD $11.75 78,166 2.08
EXCO RESOURCES PFD $1.05 184,924 .86
LORAL CYBERSTAR WARRANTS 6,980 0.00
IMPERIAL WARRANTS 118,282 0.00
SIRIUS COMMON STOCK 2,621,068 .49
STELLEX COMMON STOCK 2,793 0.00
Portfolio composition is subject to change at any time, and there can be no
assurance that the securities listed herein remain in the portfolio at the time
of this press release or thereafter. All figures are unaudited.
For Press Inquiries: For Other Inquiries:
The Dreyfus Corporation Dreyfus Service Corporation
Patrice Kozlowski The National Marketing Desk
(212) 922-6030 144 Glenn Curtiss Boulevard
Uniondale, New York 11556-0144
1-800-334-6899