Prudential Short Duration High Yield Fund, Inc. Announces Unaudited Earnings Results for Quarter Ended November 30, 2014
January 09, 2015 at 02:35 am IST
Share
Prudential Short Duration High Yield Fund, Inc. announced unaudited earnings results for the quarter ended November 30, 2014. For the quarter, the company reported net investment income of $12,727,911 or $0.38 per share against $13,188,184 or $0.40 per share for the quarter ended a year ago. Net realized and unrealized loss was $15,359,122 or $0.46 per share against net realized and unrealized income of $7,477,936 or $0.22 per share for the quarter ended a year ago.
Net decrease in net assets from operations was $2,631,211 or $0.08 per share against net increase in net assets from operations of $20,666,120 or $0.62 per share for the quarter ended a year ago. Net asset value per share was $18.12 against $19.10 for the same quarter a year ago.
PGIM High Yield Bond Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to provide a high level of current income. The Fund is focused on investing at least 80% of its investable assets in a diversified portfolio of high yield fixed income instruments that are rated below investment grade with varying maturities and other investments, including derivatives with similar economic characteristics. The Fund may invest up to 20% of its investable assets in United States currency denominated and/or foreign currency denominated fixed income instruments issued by foreign issuers. The Fund invests in various industries, which include telecommunications, oil and gas, affiliated mutual fund, commercial services, home builders, healthcare services, chemicals, entertainment, pipelines, electric, software, foods, real estate investment trusts (REITs), mining and computers. PGIM Investments LLC serves as the manager of the Fund.
PGIM HIGH YIELD BOND FUND, INC. 
