Prudential Short Duration High Yield Fund, Inc. and Prudential Global Short Duration High Yield Fund, Inc. Appoint Ellen S. Alberding, Keith F. Hartstein, and James Quinn as New Directors
September 05, 2013 at 01:45 am IST
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Prudential Short Duration High Yield Fund, Inc. and Prudential Global Short Duration High Yield Fund, Inc. announced the appointment of Ellen S. Alberding, Keith F. Hartstein, and James Quinn to their board of directors. Alberding is president and a member of the board of directors of the Joyce Foundation. Hartstein was president and chief executive officer of John Hancock Funds.
Quinn was formerly president, director and vice chairman of Tiffany & Co. Alberding, Hartstein and Quinn join the board as independent directors.
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 Short Duration High Yield Fund, Inc. and Prudential Global Short Duration High Yield Fund, Inc. Appoint Ellen S. Alberding, Keith F. Hartstein, and James Quinn as New Directors
PGIM GLOBAL HIGH YIELD FUND, INC 
