PGIM Short Duration High Yield Fund, Inc. Reports Unaudited Earnings Results for the Quarter Ended August 31, 2018
October 04, 2018 at 04:10 pm EDT
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PGIM Short Duration High Yield Fund, Inc. reported unaudited earnings results for the quarter ended August 31, 2018. For the quarter, the company reported net investment income of $8,495,329 or $0.26 per share against $9,261,255 or $0.28 per share a year ago. Net realized and unrealized gain was $2,433,505 or $0.07 per share against net realized and unrealized loss of $4,081,308 or $0.12 per share a year ago. Net increase in net assets from operations was $10,928,834 or $0.33 per share against net increase in net assets from operations of $5,179,947 or $0.16 per share a year ago. Net asset value per share was $16.36 against $16.72 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. 
