PGIM Short Duration High Yield Fund, Inc. & PGIM Global Short Duration High Yield Fund, Inc. declare distributions for Septem...
September 04 2018 - 4:10PM
Business Wire
PGIM Short Duration High Yield Fund, Inc. (NYSE: ISD) and PGIM
Global Short Duration High Yield Fund, Inc. (NYSE: GHY) declared
today monthly distributions for September, October and November
2018. The distribution amounts and schedule for each fund appears
below:
Fund Name
Ticker
DistributionPer Share
ChangeFrom
PriorDistribution
PGIM Short Duration High Yield Fund, Inc. ISD $0.0850 --- PGIM
Global Short Duration High Yield Fund, Inc. GHY $0.0825 ---
Month
Ex-Date
Record
Date
Payable
Date
September 9/13/2018
9/14/2018 9/28/2018 October
10/11/2018 10/12/2018
10/31/2018 November 11/15/2018
11/16/2018 11/30/2018
This press release is not for tax reporting purposes but is
being provided to announce the amount of each Fund’s distributions
that have been declared by the applicable Board of Directors. In
early 2019, after definitive information is available, each Fund
will send shareholders a Form 1099-DIV, if applicable, specifying
how the distributions paid by each Fund during the prior calendar
year should be characterized for purposes of reporting the
distributions on a shareholder’s tax return (e.g., ordinary income,
long-term capital gain or return of capital). If applicable, a
current estimate of the distribution's composition can be found in
the Section 19 notice section of the website. Please consult your
tax advisor for further information.
About PGIM and Prudential Financial,
Inc.
With 15 consecutive years of positive third-party institutional
net flows, PGIM is the global asset management business of
Prudential Financial, Inc. (NYSE: PRU) — a top-10 investment
manager globally with more than $1 trillion in assets under
management, according to Pensions & Investments’ 2018 Top Money
Managers List. 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, please 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.
Each 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.
These Funds invest in high yield (“junk”) bonds, which
are subject to greater credit and market risks; 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 these Funds.
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.Please
consult with a qualified investment professional if you wish to
obtain investment advice.
PGIM Fixed Income is a unit of PGIM, Inc., which is a registered
investment advisor and Prudential Financial company. © 2018
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.
1007960-00001-00
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PGIM Short Duration High Yield Fund, Inc.Judith Flynn,
973-802-9939judith.flynn@prudential.com
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