Prudential Global Short Duration High Yield Fund, Inc. Reports Unaudited Earnings Results for the Quarter Ended October 31, 2017
December 05, 2017 at 02:37 am IST
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Prudential Global Short Duration High Yield Fund, Inc. reported unaudited earnings results for the quarter ended October 31, 2017. For the quarter, the company’s net investment income was USD 10,600,654 or USD 0.26 per common share against USD 12,614,497 or USD 0.31 per common share a year ago. Net realized and unrealized loss was USD 13,613,822 or USD 0.33 per common share against USD 10,590,498 or USD 0.26 per common share a year ago. Net decrease in net assets from operations was USD 3,013,168 or USD 0.07 per common share against net increase in net asset from operations of USD 2,023,999 or USD 0.05 per common share a year ago. Net asset value per share as on October 31, 2017 was USD 16.50 against USD 16.63 as on October 31, 2016.
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.
PGIM GLOBAL HIGH YIELD FUND, INC 
