Prudential Global Short Duration High Yield Fund, Inc. Reports Unaudited Earnings Results for the Quarter Ended October 31, 2015
December 04, 2015 at 04:07 pm
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Prudential Global Short Duration High Yield Fund, Inc. reported unaudited earnings results for the quarter ended October 31, 2015. For the quarter, net investment income was $13,956,009 or $0.34 per common share against $15,630,755 or $0.38 per common share a year ago. Net realized and unrealized loss on investment and foreign currency transactions was $17,799,588 or $0.43 per common share against $17,484,166 or $0.43 per common share a year ago.
Net decrease in net assets from operations was $3,843,579 or $0.09 per common share net decrease in net assets from operations of against $1,853,411 or $0.05 per common share a year ago. Net asset value as on October 31, 2015, per share was $16.63 against $18.03 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 
