Prudential Short Duration High Yield Fund, Inc. & Prudential Global Short Duration High Yield Fund, Inc. declare distribution...
June 01 2017 - 4:10PM
Business Wire
Prudential Short Duration High Yield Fund, Inc. (NYSE: ISD) and
Prudential Global Short Duration High Yield Fund, Inc. (NYSE: GHY)
declared today monthly distributions for June, July and August
2017. The distribution amounts and schedule for each fund appears
below:
Fund Name Ticker
Distribution Per Share
Change From Prior
Distribution
Prudential Short Duration High Yield Fund, Inc. ISD $0.0925
$(0.0100) Prudential Global Short Duration High Yield Fund, Inc.
GHY $0.0900 $(0.0100)
Month
Ex-Date
Record
Date
Payable
Date
June 6/14/17 6/16/17
6/30/17 July 7/12/17
7/14/17 7/31/17 August
8/16/17 8/18/17
8/31/17
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 2018, 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 14 consecutive years of positive third-party institutional
net flows, PGIM, the global asset management businesses 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 March 31, 2017. 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 16 countries across five 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.
These materials are for informational or educational purposes
only. The information is not intended as investment advice and is
not a recommendation about managing or investing your retirement
savings. In providing these materials PGIM Investments is not
acting as your fiduciary as defined by the Department of Labor.
Please consult with a qualified investment professional if you
wish to obtain investment advice.
PGIM Fixed Income is a unit of PGIM, which is a registered
investment advisor and Prudential Financial company. © 2017
Prudential Financial, Inc. and its related entities. Prudential,
the Prudential logo, and the Rock symbol 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.
0305908-00001-00
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170601006504/en/
Media:PrudentialJudith Flynn,
973-802-9939judith.flynn@prudential.com
Prudential Financial (NYSE:PRU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Prudential Financial (NYSE:PRU)
Historical Stock Chart
From Jul 2023 to Jul 2024