PGIM High Yield Bond Fund Inc. Reports Unaudited Earnings Results for the Quarter Ended May 31, 2020
July 07, 2020 at 04:10 pm EDT
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PGIM High Yield Bond Fund Inc. reported unaudited earnings results for the quarter ended May 31, 2020. For the quarter, the company reported net investment income of $9,249,691 or $0.28 per common share against $9,966,863 or $0.30 per common share a year ago. Net realized and unrealized loss was $39,391,226 or $1.18 per common share against gain of $528,997 or $0.02 per common share a year ago. Net decrease in net assets from operations was $30,141,535 or $0.90 per common share against net increase in net assets from operations $9,437,866 or $0.28 per common 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. 
