Prudential Global Short Duration High Yield Fund, Inc. Declares Distribution for December 2014 and January and February 2015 and a Special Distribution

NEWARK, N.J.--()--Prudential Global Short Duration High Yield Fund, Inc. (NYSE: GHY), declared today monthly distributions of $0.125 per common share for December 2014 and January and February 2015, and a special distribution. The regular January distribution has been accelerated and a special distribution is being paid to allow the Fund to meet its 2014 distribution requirements for federal excise tax purposes. The distribution schedule and amounts appear below:

Declaration of Monthly Dividend:

Month

   

Ex-Date

   

Record Date

   

Payable Date

   

Amount

December     12/17/14     12/19/14     12/31/14     $0.125
January     12/26/14     12/30/14     1/09/15     $0.125
February     2/19/15     2/23/15     2/27/15     $0.125
 

Declaration of Special Dividend:

Ex-Date

   

Record Date

   

Payable Date

   

Amount

12/26/14     12/30/14     1/09/15     $0.254
 

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund’s distributions that have been declared by the Board of Directors. In early 2015 and early 2016, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the 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, a current estimate of the distribution's composition can be found in the Section 19 notice section of the website. A special distribution is any distribution made by the Fund in addition to the regular periodic distribution. It is currently estimated that 100% of the special distribution will be paid from net realized currency gains. Please consult your tax advisor for further information.

The Fund is a diversified, closed-end investment management company managed by Prudential Investments LLC, and sub-advised by Prudential Fixed Income, a business unit of Prudential Investment Management Inc. and an affiliate of the investment manager.

Prudential Investments, the mutual fund and wealth management business of Prudential Financial, Inc. (NYSE: PRU), oversees Prudential Mutual Funds, which focuses on traditional mutual funds, separately managed accounts, and Investment Only Defined Contribution businesses.

Prudential Financial, Inc., a financial services leader with over $1 trillion of assets under management as of September 30, 2014, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/.

The Fund invests in high yield (“junk”) bonds, which are subject to greater credit and market risks; 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 the Fund.

Prudential Fixed Income is a unit of Prudential Investment Management, a registered investment adviser and Prudential Financial company. ©2014 Prudential Financial, Inc. and its related entities. Prudential Investments, Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Control Number: 0270491-00001-00

Contacts

Prudential
Darrell Oliver, 973-802-9627
Darrell.Oliver@prudential.com

Contacts

Prudential
Darrell Oliver, 973-802-9627
Darrell.Oliver@prudential.com