Helios High Yield Fund Inc. announced that the Diana H. Hamilton resigned from the Board of Trustees, effective as of April 11, 2013. On April 15, 2013, Heather Goldman was elected by the Board of Trustees of the fund as a Class II Trustee. Ms. Goldman shall serve until the 2013 annual meeting of stockholders and until her successor shall be elected and qualified or until her earlier resignation or removal. Ms. Goldman is a former employee of the Adviser of the Fund and will serve as an interested Trustee for two years, after which time she will be considered an independent Trustee. On April 15, 2013, Edward A. Kuczmarski was nominated by the Board of Trustees for election at the 2013 annual meeting of shareholders as a Class I Trustee of the fund. Mr. Kuczmarksi was nominated to serve on the fund's Audit Committee and Nominating and Compensation Committee, to be effective upon his election as a Trustee by the fund's shareholders. On April 15, 2013, Kim G. Redding was nominated by the Board of Trustees for election at the 2013 annual meeting of shareholders as a Class III Trustee of the fund. Mr. Redding is not a party to any arrangement or understanding pursuant to which he was selected as a Trustee. Mr. Redding is the President of the fund and is Chief Executive Officer of the Adviser of the fund and will serve as an interested Trustee.

Helios High Yield Fund Inc. declared a monthly dividend of $0.075 per share, payable on January 31, 2013 to shareholders of record on January 17, 2013. The ex-dividend date is January 15, 2013.

Helios High Yield Fund Inc. announced that its Board of Trustees declared a monthly dividend of $0.075 per share, payable on December 27, 2012 to shareholders of record on December 19, 2012. The ex-dividend date is December 17, 2012. The company announced that in addition to its monthly dividend, the Board of Trustees also declared a special dividend of $0.01 per share, payable on December 27, 2012 to shareholders of record on December 19, 2012. The ex-dividend date is December 17, 2012.