Prudential Short Duration High Yield Fund, Inc. & Prudential Global Short Duration High Yield Fund, Inc. Declare Distribution...
September 02 2015 - 3:05PM
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
September, October and November 2015. The changes in the
distribution amounts of both funds reflect the general decline in
the level of yields available in the high yield market, which has
reduced the income earned on the fund portfolios. The distribution
amounts and schedule for each fund appears below:
Change From
Distribution Prior Fund Name
Ticker Per Share
Distribution Prudential Short Duration High Yield Fund, Inc.
ISD $0.11 -$0.0125 Prudential Global Short Duration High Yield
Fund, Inc. GHY $0.11 -$0.0150
Month
Ex-Date
Record
Date
Payable
Date
September 9/16/15 9/18/15
9/30/15 October 10/14/15 10/16/15
10/30/15 November 11/18/15
11/20/15 11/30/15
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 2016, 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.
Each Fund is a diversified, closed-end management investment
company managed by Prudential Investments LLC and sub-advised by
Prudential Fixed Income, a business unit of Prudential Investment
Management Inc. and an affiliate of the investment manager.
Prudential Investments, the mutual fund business of Prudential
Financial, Inc. oversees Prudential Mutual Funds, which focuses on
traditional mutual funds, separately managed accounts, and
Investment Only Defined Contribution businesses.
Prudential Financial, Inc., a financial services leader with
over $1.1 trillion of assets under management as of June 30, 2015,
has operations in the United States, Asia, Europe, and Latin
America. Prudential’s diverse and talented employees are committed
to helping individual and institutional customers grow and protect
their wealth through a variety of products and services, including
life insurance, annuities, retirement-related services, mutual
funds and investment management. In the United States, Prudential’s
iconic Rock symbol has stood for strength, stability, expertise and
innovation for more than a century. For more information, please
visit http://www.news.prudential.com/.
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.
Prudential Fixed Income is a unit of Prudential Investment
Management, a registered investment adviser and Prudential
Financial company. ©2015 Prudential Financial, Inc. and its related
entities. Prudential Investments, Prudential, the Prudential logo,
and the Rock symbol are service marks of Prudential Financial, Inc.
and its related entities, registered in many jurisdictions
worldwide.
Control Number: 0281745-00001-00
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version on businesswire.com: http://www.businesswire.com/news/home/20150902005092/en/
PrudentialDarrell Oliver,
973-802-9627Darrell.Oliver@prudential.com
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