Prudential Global Short Duration High Yield Fund, Inc. Reports Unaudited Earnings Results for the Quarter Ended July 31, 2016
September 06, 2016 at 04:07 pm
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Prudential Global Short Duration High Yield Fund, Inc. reported unaudited earnings results for the quarter ended July 31, 2016. For the quarter, the company’s net investment income was USD 12,869,980 or USD 0.31 per common share against USD 14,465,048 or USD 0.35 per common share a year ago. Net realized and unrealized loss was USD 7,562,090 or USD 0.18 per common share against USD 13,146,238 or USD 0.032 per common share a year ago. Net increase in net assets from operations was USD 5,307,890 or USD 0.13 per common share against USD 1,318,810 or USD 0.03 per common share a year ago. Net asset value per share as on July 31, 2016 was USD 16.58 against USD 17.07 as on July 31, 2015.
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 
