PGIM Short Duration High Yield Fund, Inc. & PGIM Global Short Duration High Yield Fund, Inc. declare distributions for Decemb...
November 28 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 December 2018 and January and
February 2019. The distribution amounts and schedule for each fund
appears below:
Fund Name
Ticker
DistributionPer Share
Change
FromPriorDistribution
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
December 12/13/2018 12/14/2018
12/31/2018 January 12/27/2018
12/28/2018 1/7/2019 February 2/14/2019
2/15/2019 2/28/2019
The distribution amounts are forward-looking and may include net
investment income, currency gains, capital gains and a return of
capital, but such a determination cannot be made at this time. 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, and when
available, 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, the global asset management business of Prudential
Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset
managers in the world with more than $1 trillion in assets under
management as of September 30, 2018. 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 five continents.
For more information, please visit pgim.com.
*As ranked in Pensions & Investments’ Money Managers list,
May 2018; based on Prudential Financial, Inc. total worldwide
assets under management as of December 31, 2017."
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.
1013670-00001-00
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version on businesswire.com: https://www.businesswire.com/news/home/20181128005732/en/
MEDIA:Judith
Flynn(973)-802-9939judith.flynn@prudential.com
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