NEWARK, N.J.–(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 2018. The
distribution amounts and schedule for each fund appears below:
|Prudential Short Duration High Yield Fund, Inc.||ISD||$0.0850||—|
|Prudential Global Short Duration High Yield Fund, Inc.||GHY||$0.0825||—|
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, 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,
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 16 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.
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.
Judith Flynn, 973-802-9939