AP NEWS

PGIM Investments to host closed-end fund conference call

July 11, 2018

NEWARK, N.J.--(BUSINESS WIRE)--Jul 11, 2018--PGIM Investments announced it will host a conference call to provide market commentary and product updates for PGIM Short Duration High Yield Fund, Inc. (NYSE:ISD) and PGIM Global Short Duration High Yield Fund, Inc. (NYSE:GHY).

The call will feature the Funds’ portfolio managers from PGIM Fixed Income’s Leveraged Finance Team. During the call, they will discuss the Funds’ performance and their current views and outlook on the high yield market. The call will also include a question-and-answer session.

Details for the call, scheduled for Tuesday, July 17, 2018, including dial-in information, can be found below. A replay of the call will be available through August 17, 2018.

About PGIM and Prudential Financial, Inc.

With 15 consecutive years of positive third-party institutional net flows, PGIM is the global asset management business of Prudential Financial, Inc. (NYSE:PRU) — a top-10 investment manager globally with more than $1 trillion in assets under management, according to Pensions & Investments’ 2018 Top Money Managers List. PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 15 countries across four continents. For more information, please visit pgim.com.

Prudential’s additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information about Prudential, please visit news.prudential.com.

Data and commentary provided in this press release are for informational purposes only. PGIM Investments LLC, the Investment Manager of the Fund, and its affiliates do not engage in selling shares of the Fund. The Fund is subadvised by PGIM Fixed Income, a business unit of PGIM, Inc. and an affiliate of the investment manager.

An investment in closed-end fund’s common stock may be speculative in that it involves a high degree of risk, should not constitute a complete investment program, and may result in loss of principal. Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional.

The Fund invests in high yield (“junk”) bonds, which are subject to greater credit and market risks; derivative securities, which may carry market, credit, and liquidity risks; foreign securities, which are subject to currency fluctuation and political uncertainty; and emerging markets securities, which are subject to greater volatility and price declines. Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise. There are fees and expenses involved with investing in the Fund. Diversification does not assure a profit or protect against a loss in declining markets. There is no guarantee that dividends or distributions will be paid.

PGIM Fixed Income is a unit of PGIM, Inc., which is a registered investment advisor and Prudential Financial company. © 2018 Prudential Financial, Inc. and its related entities. PGIM, the PGIM logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.

0317997-00001-00

View source version on businesswire.com:https://www.businesswire.com/news/home/20180711005104/en/

CONTACT: For PGIM Investments

Judith Flynn, 973-802-9939

judith.flynn@prudential.com

KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE INSURANCE

SOURCE: PGIM Investments

Copyright Business Wire 2018.

PUB: 07/11/2018 04:07 PM/DISC: 07/11/2018 04:07 PM

http://www.businesswire.com/news/home/20180711005104/en

AP RADIO
Update hourly