PGIM Global High Yield Fund Inc. Reports Unaudited Earnings Results for the Quarter Ended April 30, 2020
June 04, 2020 at 04:10 pm EDT
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PGIM Global High Yield Fund Inc. reported unaudited earnings results for the quarter ended April 30, 2020. For the quarter, the company reported net investment income of $10,377,176 or $0.25 per share against $10,960,629 or $0.27 per share a year ago. Net realized and unrealized loss was $123,952,384 or $3.03 per share against net realized and unrealized gain of $17,424,170 or $0.42 per share a year ago. Net decrease in net assets from operations was $113,575,208 or $2.78 per share against Net increase in net assets from operations $28,384,799 or $0.69 per share 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 
