NEWARK, N.J.--(BUSINESS WIRE)--Prudential Short Duration High Yield Fund, Inc. (NYSE:ISD) and Prudential Global Short Duration High Yield Fund, Inc. (NYSE:GHY), declared today monthly distributions for March, April and May 2016. The distribution amounts and schedule for each fund appears below:
|Prudential Short Duration High Yield Fund, Inc.||ISD||$0.11||---|
|Prudential Global Short Duration High Yield Fund, Inc.||GHY||$0.11||---|
|Month||Ex-Date||Record Date||Payable Date|
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 2017, 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, 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.
Each Fund is a diversified, closed-end management investment 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® is the mutual fund business of Prudential Financial, Inc., offering a range of open- and closed-end funds. Please visit www.prudentialfunds.com for more information.
Prudential Financial, Inc., a financial services leader with over $1 trillion of assets under management as of December 31, 2015, 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 United States, 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/.
These Funds invest 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 these Funds.
Prudential Fixed Income is a unit of PGIM, which is a registered investment advisor and Prudential Financial company. © 2016 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.