Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended February 28, 2018
April 06, 2018 at 04:10 pm EDT
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Prudential Short Duration High Yield Fund, Inc. reported unaudited earnings results for the quarter ended February 28, 2018. For the quarter, the company reported net investment income of $8,457,840 or $0.25 per share against $9,731,432 or $0.29 per share for the quarter ended a year ago. Net realized and unrealized loss was $3,814,916 or $0.11 per share against loss of $7,266,093 or $0.22 per share for the quarter ended a year ago. Net increase in net assets from operations was $4,642,924 or $0.14 per share against net increase in net assets from operations of $16,997,525 or $0.51 per share for the quarter ended a year ago. Net asset value per share was $16.42 as on February 28, 2018 against $16.87 as on February 28, 2017.
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. 
