PGIM Global High Yield Fund, Inc. Reports Unaudited Earnings Results for the Quarter Ended January 31, 2020
March 05, 2020 at 04:10 pm
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PGIM Global High Yield Fund Inc. reported unaudited earnings results for the quarter ended January 31, 2020. For the quarter, the company reported net investment income of $12,026,553 or $0.29 per share against $10,324,083 or $0.25 per share a year ago. Net realized and unrealized gain was $17,530,693 or $0.43 per share against net realized and unrealized loss of $897,129 or $0.02 per share a year ago. Net increase in net assets from operations was $29,557,246 or $0.72 per share against $9,426,954 or $0.23 per share a year ago.
PGIM Global High Yield Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income. The Fund seeks to provide a high level of current income by investing primarily in below investment-grade fixed income instruments of issuers located around the world, including emerging markets. The Fund invests in high yield 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. The Fund invests in various sectors, including cable and satellite, energy - upstream, retailers and restaurants, gaming and lodging and leisure, and consumer non-cyclical. The Fund's investment manager is PGIM Investments LLC.
PGIM GLOBAL HIGH YIELD FUND, INC 