Prudential Global Short Duration High Yield Fund, Inc. Declares Initial Distribution for February, Payable on February 28, 2013; Declares Monthly Distributions for March, April, and May 2013, Payable on March 28, 2013, April 30, 2013 and May 31, 2013, Respectively
January 29, 2013 at 04:07 am IST
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Prudential Global Short Duration High Yield Fund, Inc. declared its initial distribution of $0.125 per share of common stock payable on February 28, 2013. The record date for the February 2013 dividend is February 21, 2013 and the ex-date is February 19, 2013. Based on the Fund's initial offering price of $20.00 per share, this equates to an annualized distribution yield of 7.50%.
The Fund also declared monthly distributions of $0.125 per share of common stock for March, April and May 2013. The March 2013 dividend is payable on March 28, 2013. The record date for the March 2013 dividend is March 20, 2013 and the ex-date is March 18, 2013. The April 2013 dividend is payable on April 30, 2013. The record date for the April 2013 dividend is April 19, 2013 and the ex-date is April 17, 2013. The May 2013 dividend is payable on May 31, 2013. The record date for the May 2013 dividend is May 22, 2013 and the ex-date is May 20, 2013.
PGIM Global High Yield Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income. The Fund seeks to provide a high level of current income by investing primarily in below investment-grade fixed income instruments of issuers located around the world, including emerging markets. The Fund invests in high yield 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. The Fund invests in various sectors, including cable and satellite, energy - upstream, retailers and restaurants, gaming and lodging and leisure, and consumer non-cyclical. The Fund's investment manager is PGIM Investments LLC.
Prudential Global Short Duration High Yield Fund, Inc. Declares Initial Distribution for February, Payable on February 28, 2013; Declares Monthly Distributions for March, April, and May 2013, Payable on March 28, 2013, April 30, 2013 and May 31, 2013, Respectively
PGIM GLOBAL HIGH YIELD FUND, INC 
