PGIM High Yield Bond Fund, Inc Announces Earnings Results for the Quarter Ended August 31, 2019
October 03, 2019 at 04:10 pm EDT
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PGIM High Yield Bond Fund Inc. announced earnings results for the quarter ended August 31, 2019. For the period, the company reported net investment income of $10,120,601 against $8,495,329 a year ago. Net investment income per common share $0.30 against $0.26 a year ago. Net Increase in Net Assets From Operations was $24,731,896 or $0.74 per share against $10,928,834 or $0.33 per share a year ago.
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. 
