PGIM High Yield Bond Fund, Inc. Announces Unaudited Earnings Results for the Quarter Ended August 31, 2020
October 08, 2020 at 04:10 pm EDT
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PGIM High Yield Bond Fund Inc. announced unaudited earnings results for the quarter ended August 31, 2020. For the quarter, the company's net Investment Income was $8,691,324 against $10,120,601 a year ago. Net Increase in Net Assets From Operations was $44,787,816 against $24,731,896 a year ago. Net Investment Income per share was $0.26 against $0.30 a year ago. Net Increase in Net Assets From Operations per share was $1.35 against $0.74 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. 
