Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings Results for the Quarter Ended February 28, 2017
March 28, 2017 at 05:07 pm
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Prudential Short Duration High Yield Fund, Inc. reported unaudited earnings results for the quarter ended February 28, 2017. For the quarter, the company reported net investment income of $9,731,432 or $0.29 per share against $10,412,373 or $0.31 per share for the quarter ended a year ago. Net realized and unrealized gain was $7,266,093 or $0.22 per share against loss of $18,589,621 or $0.56 per share for the quarter ended a year ago. Net increase in net assets from operations was $16,997,525 or $0.51 per share against net decrease in net assets from operations of $8,177,248 or $0.25 per share for the quarter ended a year ago. Net asset value per share was $16.87 as on February 28, 2017 against $16.22 as on February 29, 2016.
PGIM High Yield Bond Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to provide a high level of current income. The Fund is focused on investing at least 80% of its investable assets in a diversified portfolio of high yield fixed income instruments that are rated below investment grade with varying maturities and other investments, including derivatives with similar economic characteristics. The Fund may invest up to 20% of its investable assets in United States currency denominated and/or foreign currency denominated fixed income instruments issued by foreign issuers. The Fund invests in various industries, which include telecommunications, oil and gas, affiliated mutual fund, commercial services, home builders, healthcare services, chemicals, entertainment, pipelines, electric, software, foods, real estate investment trusts (REITs), mining and computers. PGIM Investments LLC serves as the manager of the Fund.
PGIM HIGH YIELD BOND FUND, INC. 
