Pgim Global High Yield Fund, Inc Declares Monthly Cash Dividend, Payable on December 31, 2019, January 6, 2020 and February 28, 2020
November 26, 2019 at 04:10 pm EST
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PGIM High Yield Bond Fund Inc. declared monthly cash dividend of $0.105, payable on December 31, 2019, January 6, 2020 and February 28, 2020 to record date of December 13, 2019, December 27, 2020 and February 14, 2020 and ex-date of December 12, 2019, December 26, 2020 and February 13, 2020 respectively.
PGIM Global High Yield Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income. The Fund seeks to provide a high level of current income by investing primarily in below investment-grade fixed income instruments of issuers located around the world, including emerging markets. The Fund invests in high yield bonds, which are subject to greater credit and market risks, including greater risk of default; 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. The Fund invests in various sectors, including cable and satellite, energy - upstream, retailers and restaurants, gaming and lodging and leisure, and consumer non-cyclical. The Fund's investment manager is PGIM Investments LLC.