PGIM Investments to Host Closed End Fund Conference Call
July 24 2019 - 04:10PM
Business Wire
PGIM Investments announced it will host a conference call to
provide market commentary and product updates for PGIM High Yield
Bond Fund, Inc. (NYSE: ISD) and PGIM Global High Yield Fund, Inc.
(NYSE: GHY).
The call will feature the Funds’ portfolio managers from PGIM
Fixed Income’s Leveraged Finance Team. During the call, they will
discuss the Funds’ performance and their current views and outlook
on the high yield market. The call will also include a question and
answer session.
Details for the call, scheduled for Thursday, August 1, 2019,
including dial-in information, can be found below. A replay of the
call will be available through September 1, 2019.
Call Date:
Thursday, August 1, 2019
Call Time:
2:00 pm Eastern
Call #:
(800) 230-1059
Call ID:
470017
Replay #:
(800) 475-6701
About PGIM and Prudential Financial, Inc.
With 16 consecutive years of positive third-party institutional
net flows, PGIM, the global asset management business of Prudential
Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset
managers in the world1 with more than $1 trillion in assets under
management as of March 31, 2019. PGIM’s businesses offer a range of
investment solutions for retail and institutional investors around
the world across a broad range of asset classes, including
fundamental equity, quantitative equity, public fixed income,
private fixed income, real estate and commercial mortgages. Its
businesses have offices in 15 countries across four continents. For
more information about PGIM, visit pgim.com.
Prudential’s additional businesses offer a variety of products
and services, including life insurance, annuities and
retirement-related services. For more information about Prudential,
please visit news.prudential.com.
Data and commentary provided in this press release are for
informational purposes only. PGIM Investments LLC, the Investment
Manager of the Fund, and its affiliates do not engage in selling
shares of the Fund. The Fund is subadvised by PGIM Fixed Income, a
business unit of PGIM, Inc. and an affiliate of the Investment
Manager.
The Fund is a diversified, closed-end management investment
company managed by PGIM Investments LLC and sub-advised by PGIM
Fixed Income, a business unit of PGIM, Inc., and an affiliate of
the investment manager.
The Fund invests in high yield (“junk”) bonds, which are subject
to greater credit and market risks, including greater risk of
default; derivative securities, which may carry market, credit, and
liquidity risks; foreign securities, which are subject to currency
fluctuation and political uncertainty; and emerging markets
securities, which are subject to greater volatility and price
declines. Fixed income investments are subject to interest rate
risk, where their value will decline as interest rates rise. There
are fees and expenses involved with investing in the Fund.
Diversification does not assure a profit or protect against a loss
in declining markets. There is no guarantee that dividends or
distributions will be paid.
An investment in closed-end fund’s common stock may be
speculative in that it involves a high degree of risk, should not
constitute a complete investment program, and may result in loss of
principal. Each closed-end fund will have its own unique investment
strategy, risks, charges and expenses that need to be considered
before investing.
This material is being provided for informational or educational
purposes only and does not take into account the investment
objectives or financial situation of any client or prospective
clients. The information is not intended as investment advice and
is not a recommendation about managing or investing your retirement
savings. Clients seeking information regarding their particular
investment needs should contact a financial professional.
PGIM Fixed Income is a unit of PGIM, Inc., which is a registered
investment advisor and Prudential Financial company. © 2019
Prudential Financial, Inc. and its related entities. PGIM and the
PGIM logo are service marks of Prudential Financial, Inc. and its
related entities, registered in many jurisdictions worldwide.
Investment products are not insured by the FDIC or any federal
government agency, may lose value, and are not a deposit of or
guaranteed by any bank or any bank affiliate.
1Pensions & Investments’ Top Money Managers list, May 27,
2019; based on PFI total worldwide institutional assets under
management as of Dec. 31, 2018. Assets under management (AUM) are
based on company estimates and are subject to change.
1024366-00001-00 Expiration: 12/31/2019
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version on businesswire.com: https://www.businesswire.com/news/home/20190724005547/en/
MEDIA: Lizzie Lowe (973)-802-8786
lizzie.lowe@prudential.com
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