PGIM Global High Yield Fund, Inc. Reports Unaudited Earnings Results for the Quarter Ended April 30, 2019
June 06, 2019 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, 2019. For the quarter, the company reported net investment income of $10,960,629 or $0.27 per share against $9,655,740 or $0.24 per share a year ago. Net realized and unrealized gain was $17,424,170 or $0.42 per share against loss of $18,686,821 or $0.46 per share a year ago. Net increase in net assets from operations was $28,384,799 against $9,031,081 a year ago. Net increase in net assets from operations was $0.69 compared to decrease of $0.22 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 
