Barings Global Short Duration High Yield Fund Announces Monthly Distribution for May 2024, Payable on June 3, 2024; Estimates Monthly Monthly Dividend for the June 2024 and July 2024, Payable on July 1, 2024 and August 1, 2024 Respectively
May 14, 2024 at 03:00 pm EDT
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The Barings Global Short Duration High Yield Fund announced its monthly dividend for May 2024 of $0.1056 per share, payable on June 3, 2024. Based on the Fund?s April 30, 2024 share price of $13.93 per share, the dividend represents an annualized yield of 9.10% per share. Ex-date is May 21, 2024 and record date is May 22, 2024.
The Barings Global Short Duration High Yield Fund announced estimated monthly dividends of $0.1056 per share for June 2024 and July 2024. Payable Date is July 1, 2024 and August 1, 2024 respectively. Record Date is June 20, 2024 and July 23, 2024 respectively. Ex-Date is June 20, 2024 and July 23, 2024 respectively.
Barings Global Short Duration High Yield Fund is a closed-end management investment company. The Fund's primary investment objective is to seek as high a level of current income as the advisor determines is consistent with capital preservation. It seeks capital appreciation as a secondary investment objective. It will invest at least 80% of its managed assets in bonds, loans and other income-producing instruments that are rated below investment grade. The Fund invests in various sectors, including aerospace and defense; automotive; beverage, food, and tobacco; broadcasting and entertainment; buildings and real estate; cargo transport; chemicals, plastics, and rubber; commercial services; containers, packaging, and glass; diversified/conglomerate manufacturing; diversified/conglomerate service; electronics; finance; forest products and paper; healthcare, education and childcare, Internet, lodging, and hotels, motels, and others. Barings LLC serves as an investment advisor to the Fund.
Barings Global Short Duration High Yield Fund Announces Monthly Distribution for May 2024, Payable on June 3, 2024; Estimates Monthly Monthly Dividend for the June 2024 and July 2024, Payable on July 1, 2024 and August 1, 2024 Respectively