PGIM Investments to Host Closed-End Fund Conference Call
January 28 2020 - 4:10PM
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 Tuesday, February 4, 2020,
including dial-in information, can be found below. A replay of the
call will be available through March 3, 2020.
Call Date:
Tuesday, February 4, 2020
Call Time:
2:00 p.m. Eastern time
Call #:
409-207-6959
Call ID:
5662308
Replay #:
866-207-1041
Replay ID:
7373688
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 world* with more than $1.3 trillion in assets under
management as of Sept. 30, 2019. With offices in 15 countries,
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 public fixed income, private fixed
income, fundamental equity, quantitative equity, real estate and
alternatives. 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.
Prudential Financial, Inc. of the United States is not
affiliated in any manner with Prudential plc, incorporated in the
United Kingdom or with Prudential Assurance Company, a subsidiary
of M&G plc, incorporated in the United Kingdom.
Data and commentary provided in this press release are for
informational purposes only. PGIM Investments LLC, the Investment
Manager of the Funds, and its affiliates do not engage in selling
shares of the Funds. The Funds are subadvised by PGIM Fixed Income,
a business unit of PGIM, Inc. and an affiliate of the investment
manager.
Each Fund is a diversified, closed-end management investment
company managed by PGIM Investments LLC and subadvised 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, 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 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 a 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. © 2020
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.
*Pensions & Investments’ Top Money Managers list, May 27,
2019; based on Prudential Financial 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.
1018107-00006-00 Expiration: 12/31/2020
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version on businesswire.com: https://www.businesswire.com/news/home/20200128005570/en/
MEDIA: Kylie Scott (973) 802-5600
kylie.scott@pgim.com
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