PGIM High Yield Bond Fund, Inc. and PGIM Global High Yield Fund, Inc. declare distributions for June, July and August 2019
PGIM Investments LLC, the Investment Manager of the Fund, and its affiliates do not engage in selling shares of the Fund.
PGIM High Yield Bond Fund, Inc. (NYSE: ISD) and PGIM Global High Yield
Fund, Inc. (NYSE: GHY) declared today monthly distributions for June,
July and August 2019. The distribution amounts and schedule for each
fund appears below:
| Fund Name | Ticker |
Distribution |
Change |
|||||||||
|
PGIM High Yield Bond Fund, Inc.
(formerly, PGIM Short Duration High Yield Fund, Inc.) |
ISD | $0.1000 | --- | |||||||||
|
PGIM Global High Yield Fund, Inc.
(formerly, PGIM Global Short Duration High Yield Fund, Inc.) |
GHY | $0.1000 | --- | |||||||||
|
Month |
Ex-Date |
Record Date |
Payable Date |
|||||||||
| June | 6/13/2019 | 6/14/2019 | 6/28/2019 | |||||||||
| July | 7/18/2019 | 7/19/2019 | 7/31/2019 | |||||||||
| August | 8/15/2019 | 8/16/2019 | 8/30/2019 | |||||||||
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 2020, 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 and Prudential Financial, Inc.
With 16 consecutive years of positive third-party institutional net
flows, PGIM, the global asset management business of Prudential
Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset
managers in the world* with more than $1 trillion in assets under
management as of Dec. 31, 2018. PGIM’s businesses offer a range of
investment solutions for retail and institutional investors around the
world across a broad range of asset classes, including fundamental
equity, quantitative equity, public fixed income, private fixed income,
real estate and commercial mortgages. Its businesses have offices in 15
countries across four continents. For more information about PGIM, visit pgim.com.
Prudential’s additional businesses offer a variety of products and
services, including life insurance, annuities and retirement-related
services. For more information about Prudential, 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. The Fund
is subadvised by PGIM Fixed Income, a business unit of PGIM, Inc. and an
affiliate of the investment manager.
Each Fund is a diversified, closed-end management investment company
managed by PGIM Investments LLC and sub-advised 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 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 about managing or investing your retirement savings.
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. © 2019 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.
*Pensions & Investments’ Top Money Managers list, May 28, 2018; based on
Prudential Financial total worldwide institutional assets under
management as of Dec. 31, 2017. Assets under management (AUM) are based
on company estimates and are subject to change.
1018107-00002-00 Expiration: 09/30/2020
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