PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High
Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield
Opportunities Fund (NYSE: SDHY) declared today monthly
distributions for June, July and August 2024. The distribution
amounts and schedule for each fund appears below:
Fund Name
Ticker
Distribution
Per Share
Change from Prior
Distribution
PGIM High Yield Bond Fund, Inc.
ISD
$0.105
–
PGIM Global High Yield Fund, Inc.
GHY
$0.105
–
PGIM Short Duration High Yield
Opportunities Fund
SDHY
$0.108
–
Month
Ex-Date
Record Date
Payable Date
June
6/13/2024
6/13/2024
6/28/2024
July
7/11/2024
7/11/2024
7/31/2024
August
8/8/2024
8/8/2024
8/30/2024
The distribution amounts are forward-looking and may include net
investment income, currency gains, capital gains and a return of
capital, but such a determination cannot be made at this time. 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 2025, 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, and
when available, 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.
ABOUT PGIM INVESTMENTS
PGIM Investments, LLC and its affiliates offer more than 100
funds globally across a broad spectrum of asset classes and
investment styles. All products draw on PGIM’s globally diversified
investment platform that encompasses the expertise of managers
across fixed income, equities, alternatives and real estate.
ABOUT PGIM
PGIM is the global asset management business of Prudential
Financial, Inc. (PFI). PFI has a history that dates back over 145
years and through more than 30 market cycles. With 41 offices in 19
different countries (as of March 31, 2024), our more than 1,450
investment professionals are located in key financial centers
around the world.
Our firm comprises multi-managers that collaborate with each
other and specialize in a particular asset class with a focused
investment approach. This gives our clients diversified solutions
with global depth and scale across public and private asset
classes, including fixed income, equities, real estate, private
credit, and other alternatives. As a leading global asset manager
with $1.34 trillion in assets under management (as of March 31,
2024), PGIM is built on a foundation of strength, stability and
disciplined risk management.
For more information, visit pgim.com.
Prudential Financial, Inc. of the United States is not
affiliated in any manner with Prudential plc, incorporated in the
United Kingdom, or with Prudential Assurance Company, a subsidiary
of M&G plc, incorporated in the United Kingdom. For more
information please visit news.prudential.com.
Data and commentary provided in this press release are for
informational purposes only. PGIM Investments LLC, the Investment
Manager of the Fund, and its affiliates do not engage in selling
shares of the Fund.
Each Fund is a diversified, closed-end management investment
company managed by PGIM Investments LLC and subadvised by PGIM
Fixed Income, a business unit of PGIM, Inc., and an affiliate of
the investment manager.
These Funds invest in high yield (“junk”) 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. 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. Diversification
does not assure a profit or protect against a loss in declining
markets. There is no guarantee that dividends or distributions will
be paid.
An investment in a closed-end fund’s common stock may be
speculative in that it involves a high degree of risk, should not
constitute a complete investment program, and may result in loss of
principal. Each closed-end fund will have its own unique investment
strategy, risks, charges and expenses that need to be considered
before investing.
This material is being provided for informational or educational
purposes only and does not take into account the investment
objectives or financial situation of any client or prospective
clients. The information is not intended as investment advice and
is not a recommendation. Clients seeking information regarding
their particular investment needs should contact a financial
professional. Please consult with a qualified investment
professional if you wish to obtain investment advice.
PGIM Fixed Income is a unit of PGIM, Inc., which is a registered
investment advisor and Prudential Financial company. © 2024
Prudential Financial, Inc. and its related entities. PGIM and the
PGIM logo are service marks of Prudential Financial, Inc. and its
related entities, registered in many jurisdictions worldwide.
Investment products are not insured by the FDIC or any federal
government agency, may lose value, and are not a deposit of or
guaranteed by any bank or any bank affiliate.
1080512-00001-00 Expiration: 05/31/2025
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version on businesswire.com: https://www.businesswire.com/news/home/20240531662926/en/
MEDIA CONTACT: Kylie Scott +973 902 2503
kylie.scott@pgim.com
PGIM Global High Yield (NYSE:GHY)
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