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2017~ Prudential Global Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financia

2017-06-11 00:53 [INVESTING] Source:Netword
Guide:Prudential Global Short Duration High Yield Fund, Inc. (NYSE:GHY), (the ldquo;Fundrdquo;), a diversified, closed-end management investment company,

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Global Short Duration High Yield Fund, Inc.(NYSE:GHY), (the “Fund”), a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended April 30, 2017.

                           

As of
April 30, 2017

 

As of

January 31, 2017

 

As of

April 30, 2016

 
Net Assets   $678,151,576   $678,727,185   $673,247,863  
Loan Outstanding   $280,000,000   $285,000,000   $275,000,000  
Shares Outstanding   40,923,879   40,923,879   40,923,879  
Net Asset Value (“NAV”) Per Share (a)   $16.57   $16.59   $16.45  
Market Price Per Share (b)   $15.21   $15.09   $14.93  
Premium / (Discount) to NAV (c)   -8.2%   -9.0%   -9.2%  
   
Undistributed / (Overdistributed) Net Investment Income (d)   $8,402,406   $9,239,467   $8,432,620  
Undistributed / (Overdistributed) Net Investment Income Per Share (e)   $0.21   $0.23   $0.21  
   

Quarter Ended

April 30, 2017

 

Quarter Ended

January 31, 2017

 

Quarter Ended

April 30, 2016

 

Quarterly Earnings

 
Net Investment Income   $11,440,102   $11,845,697   $12,754,903  
Net Realized and Unrealized Gain (Loss)   ($12,015,711)           ($13,698,262)           $8,309,872  
Net Increase / (Decrease) in Net Assets From Operations   $(575,609)           $(1,852,565)           $21,064,775  
   

Quarterly Earnings Per Common Share Outstanding

 
Net Investment Income   $0.28   $0.29   $0.31  
Net Realized and Unrealized Gain / (Loss)   ($0.29)           ($0.33)           $0.20  
Net Increase / (Decrease) in Net Assets From Operations   ($0.01)           ($0.04)           $0.51  
   

This Financial data is unaudited. Amounts do not reflect adjustments for Generally Accepted Accounting Principles including those relating to amortization of premiums on securities held.

       
Notes:  
(a)   Net Asset Value (“NAV”) Per Share is total assets less total liabilities divided by the number of shares outstanding.  
(b)   Market Price Per Share is the closing price on the new York Stock Exchange.  
(c)   Premium / (Discount) to NAV is the % difference between the market price and the NAV price.  
(d)   Overdistributed amounts may be funded by capital gains on portfolio securities or through return of shareholder’s capital. Undistributed / (Overdistributed) Net Investment Income (“UNII”) represents the balance to date of a fund’s net investment income less its distributions. Includes prior year UNII of $9,742,839 for the fiscal year ended 7/31/16 and $9,429,823 for the fiscal year ended 7/31/15.  
(e)   The UNII information provided treats amounts relating to foreign currency transactions as net realized and unrealized gain (loss). However, these amounts are treated as net investment income (loss) for federal income tax purposes. In accordance with federal income tax treatment, the UNII balances would have been $1,858,382 ($0.05 per share), $8,735,451 ($0.21 per share), and $1,242,709 ($0.03 per share), as of the current quarter, prior quarter, and year ago quarter, respectively. While not required to do so, the Fund may attempt to hedge its foreign currency exposure, which may offset all or a portion of the foreign currency exposure included in the table above. As of the date of this press release, the Fund believes that it has significantly hedged its foreign currency exposure.  
   

(EDIT:admin)

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