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Saturday, May 31, 2025 8:13 am ET1min read
Prudential Financial Inc has announced monthly distributions for its PGIM High Yield Bond Fund, PGIM Global High Yield Fund, and PGIM Short Duration High Yield Opportunities Fund. The distribution per share for ISD and GHY is $0.105, and for SDHY, it is $0.108. The announcement provides stability and transparency for investors, but also highlights potential risks associated with high yield and emerging market securities.
Prudential Financial Inc. has declared monthly distributions for its PGIM High Yield Bond Fund, PGIM Global High Yield Fund, and PGIM Short Duration High Yield Opportunities Fund. The distribution amounts for June, July, and August 2025 are as follows:- PGIM High Yield Bond Fund, Inc. (NYSE: ISD): $0.105 per share
- PGIM Global High Yield Fund, Inc. (NYSE: GHY): $0.105 per share
- PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY): $0.108 per share
The distribution dates are:
- June 2025: Ex-Date 06/12/2025, Record Date 06/12/2025, Payable Date 06/30/2025
- July 2025: Ex-Date 07/10/2025, Record Date 07/10/2025, Payable Date 07/31/2025
- August 2025: Ex-Date 08/14/2025, Record Date 08/14/2025, Payable Date 08/29/2025
The distributions are forward-looking and may include net investment income, currency gains, capital gains, and a return of capital. Shareholders will receive a Form 1099-DIV after definitive information is available in early 2026, specifying how the distributions should be characterized for tax reporting purposes.
Investors should note that these funds invest in high yield ("junk") bonds, which are subject to greater credit and market risks, including a greater risk of default. Additionally, the funds may invest in derivative securities, foreign securities, and emerging markets securities, which carry their own set of risks. Fixed income investments are also subject to interest rate risk.
Prudential Financial Inc. offers a diversified suite of investment strategies and solutions across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. The company manages over $1.39 trillion in assets under management, providing a globally diversified investment platform.
References:
[1] https://www.businesswire.com/news/home/20250530963044/en/PGIM-Closed-End-Funds-declare-distributions-for-June-July-and-August-2025
[2] https://quantisnow.com/company/GHY
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