Trending...
- eCaregivers Launches First-Ever Consumer-Driven Senior Care Platform for Private-Pay Home Care Offering Affordable, Full-Service Agency Experience
- Launch of the Theory of Adaptive Synthesis in Business Operations
- CRH Healthcare Acquires Four Urgent Care Clinics in Georgia
NEWARK, N.J.--(BUSINESS WIRE)--PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for December 2023, and January and February 2024. The distribution amounts and schedule for each fund appears below:
The distribution amounts are forward-looking and may include net investment income, currency gains, capital gains and a return of capital, but such a determination cannot be made at this time. This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund's distributions that have been declared by the applicable Board of Directors.
In early 2024, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, long-term capital gain, or return of capital). If applicable, and when available, a current estimate of the distribution's composition can be found in the Section 19 notice section of the website. Please consult your tax advisor for further information.
More on Jersey Desk
ABOUT PGIM INVESTMENTS
PGIM Investments, LLC and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM's globally diversified investment platform that encompasses the expertise of managers across fixed income, equities, alternatives and real estate.
ABOUT PGIM
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a leading global investment manager with nearly $1.2 trillion in assets under management as of September 30, 2023. With offices in 18 countries, PGIM's businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
More on Jersey Desk
Data and commentary provided in this press release are for informational purposes only. PGIM Investments LLC, the Investment Manager of the Fund, and its affiliates do not engage in selling shares of the Fund.
Each Fund is a diversified, closed-end management investment company managed by PGIM Investments LLC and subadvised by PGIM Fixed Income, a business unit of PGIM, Inc., and an affiliate of the investment manager.
These Funds invest in high yield ("junk") 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. Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise. There are fees and expenses involved with investing in these Funds. Diversification does not assure a profit or protect against a loss in declining markets. There is no guarantee that dividends or distributions will be paid.
An investment in a closed-end fund's common stock may be speculative in that it involves a high degree of risk, should not constitute a complete investment program, and may result in loss of principal. Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact a financial professional. Please consult with a qualified investment professional if you wish to obtain investment advice.
PGIM Fixed Income is a unit of PGIM, Inc., which is a registered investment advisor and Prudential Financial company. © 2023 Prudential Financial, Inc. and its related entities. PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.
1075882-00001-00 Expiration: 12/31/2024
Contacts
MEDIA:
Kylie Scott
973-902-2503
kylie.scott@pgim.com
CONNECT WITH US:
Visit pgim.com
Fund Name | Ticker | Distribution Per Share | Change from Prior Distribution |
PGIM High Yield Bond Fund, Inc. | ISD | $0.105 | – |
PGIM Global High Yield Fund, Inc. | GHY | $0.105 | – |
PGIM Short Duration High Yield Opportunities Fund | SDHY | $0.108 | – |
Month | Ex-Date | Record Date | Payable Date |
December | 12/14/2023 | 12/15/2023 | 12/29/2023 |
January | 12/26/2023 | 12/27/2022 | 1/5/2024 |
February | 2/15/2024 | 2/16/2024 | 2/29/2024 |
The distribution amounts are forward-looking and may include net investment income, currency gains, capital gains and a return of capital, but such a determination cannot be made at this time. This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund's distributions that have been declared by the applicable Board of Directors.
In early 2024, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, long-term capital gain, or return of capital). If applicable, and when available, a current estimate of the distribution's composition can be found in the Section 19 notice section of the website. Please consult your tax advisor for further information.
More on Jersey Desk
- Ocean Partnership for Children to Host 5th Annual Candlelight Vigil
- OpsVeda Is Now Available Through AWS Marketplace
- Circumference Group Acquires Majority Stake in Visionary Integration Professionals
- Tim O'Loughlin Appointed Chief Executive Officer of Vantiva and Co-opted as a Director of the Board
- TN Nursery Gears Up for Busy Fall Shipping Season with Nationwide Fast Shipping, Low Grower Prices, and Storewide Deals
ABOUT PGIM INVESTMENTS
PGIM Investments, LLC and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM's globally diversified investment platform that encompasses the expertise of managers across fixed income, equities, alternatives and real estate.
ABOUT PGIM
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a leading global investment manager with nearly $1.2 trillion in assets under management as of September 30, 2023. With offices in 18 countries, PGIM's businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
More on Jersey Desk
- Jazz Artist Bob Holz Signs With SoVibe Entertainment Plus Album Review In September 2024 Issue Of Downbeat Magazine
- Develop Africa Partners with Sierra Leonean Painter Sahr Songu Mbriwa to Raise Funds for Education
- Composer Andrew Prahlow to Perform Award-Winning Outer Wilds Soundtrack on Oct 17th at Brooklyn's Music Hall of Williamsburg
- Cell-Ed and National Minority Health Association Forge Strategic Partnership to Expand Caregiving and Health Equity Initiatives
- Fortius Metals secures $2 Million Additional Funding to Bring Advanced Metal 3D Printing to the Aerospace and Defense Industry
Data and commentary provided in this press release are for informational purposes only. PGIM Investments LLC, the Investment Manager of the Fund, and its affiliates do not engage in selling shares of the Fund.
Each Fund is a diversified, closed-end management investment company managed by PGIM Investments LLC and subadvised by PGIM Fixed Income, a business unit of PGIM, Inc., and an affiliate of the investment manager.
These Funds invest in high yield ("junk") 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. Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise. There are fees and expenses involved with investing in these Funds. Diversification does not assure a profit or protect against a loss in declining markets. There is no guarantee that dividends or distributions will be paid.
An investment in a closed-end fund's common stock may be speculative in that it involves a high degree of risk, should not constitute a complete investment program, and may result in loss of principal. Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact a financial professional. Please consult with a qualified investment professional if you wish to obtain investment advice.
PGIM Fixed Income is a unit of PGIM, Inc., which is a registered investment advisor and Prudential Financial company. © 2023 Prudential Financial, Inc. and its related entities. PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.
1075882-00001-00 Expiration: 12/31/2024
Contacts
MEDIA:
Kylie Scott
973-902-2503
kylie.scott@pgim.com
CONNECT WITH US:
Visit pgim.com
Filed Under: Business
0 Comments
Latest on Jersey Desk
- Situ Ve Offers a New Perspective on Love Amid the Rising Passport Bro Movement
- Launch of the Theory of Adaptive Synthesis in Business Operations
- Scout & Cellar Becomes First Winery in Texas to Receive B Corp Certification
- CRH Healthcare Acquires Four Urgent Care Clinics in Georgia
- eCaregivers Launches First-Ever Consumer-Driven Senior Care Platform for Private-Pay Home Care Offering Affordable, Full-Service Agency Experience
- National Sign Company, Philadelphia Sign Company, to Attend Bank Facilities Forum
- Sidow Sobrino's My Amir in the Running for GRAMMY® Nominations
- Reliance Aerotech Inc. Announces Appointment Of Ron Jordan To Chief Strategy Officer
- Stop Fighting, Start Living. Daryl Dittmer's New Book Offers Roadmap to Personal Power
- "Art Palooza" – Party & Auction Fundraiser for The Center for Contemporary Art
- Gay Guys Fall Fest: Hayrides, Pumpkins & Fun in Morristown! Limited Tickets—Join Us Now
- Community Comes Together for The HOPE Center's Tools for School and Gifts of Warmth Drives
- BTR: Understanding the Critical 2FA Vulnerability in QR Code Enrollment Processes Uncovered by Silent Sector – Lauro Chavez
- Halloween is Here: Party City Unveils October's '31 Days of Deals' with Daily Savings All Month Long
- IGC Pharma Wins 2 Awards in Phase 1 of NIA's AI PREPARE Challenge, Advancing Alzheimer's Early Prediction Research
- Get in the Halloween Spirit at Rare Books LA Union Station
- TotalEnergies Marketing USA signs a lubricants supply agreement with Point S
- Superior Thin Film Solar Panel Advancements Open Great Opportunities in the Rapidly Developing Aerospace and Related Sectors: Stock Symbol: ASTI
- Grand opening of the ResC4EU platform to support companies withstanding supply chain disruptions
- Daugherty Among Best Places to Work in New Jersey for NJBIZ 2024 Award