Prudential Short Duration High Yield Fund, Inc. Appoints Barry H. Evans to its Board of Directors
September 05, 2017 at 06:30 am EDT
Share
Prudential Short Duration High Yield Fund, Inc. announced the appointment of Barry H. Evans to its board of directors. Evans, who has three decades of investments and business management experience, oversaw $169 billion in assets before retiring as president of Manulife Asset Management US. In addition to serving as president, Evans also served as global chief operating officer, and earlier was chief investment officer and global head of fixed
income at Manulife.
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.