Prudential Global Short Duration High Yield Fund, Inc. Announces Unaudited Investment Results for the Quarter Ended January 31, 2018
March 14, 2018 at 04:07 pm
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Prudential Global Short Duration High Yield Fund, Inc. announced unaudited investment results for the quarter ended January 31, 2018. For the quarter, net investment income was $10,307,617 or $0.25 per share against $11,845,697 or $0.29 per share for the last year. Net realized and unrealized loss was $14,589,675 or $0.36 per share against $13,698,262 or $0.33 per share for the last year. Net decrease in net assets from operations was $4,282,058 or $0.11 per share against $1,852,565 or $0.04 per share for the last year. Net asset value per share was $16.39 as of January 31, 2018 against $16.59 as of January 31, 2017.
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 
