PGIM closed-end funds declare distributions for December 2021, January and February 2022


PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) today reported monthly distributions for December 2021 and January and February 2022. The distribution amounts and schedule for each fund are shown below:

Fund name

Teleprinter

Distribution

Per share

Change from the previous one

Distribution

PGIM High Yield Bond Fund, Inc.

DSI

$ 0.105

PGIM Global High Yield Fund, Inc.

GHY

$ 0.105

PGIM High Yield Short Term Opportunities Fund

SDHY

$ 0.108

Month

Date of departure

Registration Date

Payment date

December

12/16/2021

12/17/2021

12/30/2021

January

12/27/2021

12/28/2021

1/3/2022

February

02/10/2022

02/11/2022

02/28/2022

The distribution amounts are forward-looking and may include net investment income, foreign exchange gains, capital gains and return of capital, but such a determination cannot be made at this time. This press release is not intended for tax reporting purposes, but is provided to announce the amount of distributions from each Fund which have been declared by the relevant Board of Directors.

In early 2022, once final information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, setting out how the distributions paid by each Fund in the previous calendar year are to be characterized for the purposes of reporting. distributions on a shareholder’s tax. (for example, ordinary income, long-term capital gain or return of capital). Where applicable, and when available, a current estimate of the cast make-up can be found in the Reviews section of Article 19 of the website. Please consult your tax advisor for more information.

ABOUT PGIM INVESTISSEMENTS

PGIM Investments, LLC and its affiliates offer more than 100 funds globally across a wide range of asset classes and investment styles. All products are backed by PGIM’s globally diverse investment platform which encompasses the expertise of managers in fixed income, equities, alternatives and real estate.

ABOUT PGIM

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 asset managers in the world1 with approximately $ 1.5 trillion in assets under management as of September 30, 2021. With offices in 16 countries, PGIM’s business provides a range of investment solutions for retail and institutional investors worldwide across a broad spectrum asset classes, including public fixed income, private fixed income, fundamental equities, quantitative equities, real estate and alternatives. For more information on PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any way with Prudential plc, incorporated in the United Kingdom, or Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information, please visit news.prudential.com.

1 Prudential Financial, Inc. (PFI) is the 10th largest investment manager (out of 477) in terms of global assets under management based on the Pensions & Investments Top Money Managers list published on May 31, 2021. This ranking represents assets managed by Prudential Financial as of December 31, 2020.

The data and comments provided in this press release are provided for informational purposes only. PGIM Investments LLC, the investment manager of the Fund, and its affiliates do not engage in the sale of shares of the Fund.

Each Fund is a diversified private investment company managed by PGIM Investments LLC and sub-advised by PGIM Fixed Income, a business unit of PGIM, Inc. and a subsidiary of the Investment Manager.

These Funds invest in high yield bonds (“junk”), which are subject to greater credit and market risks, including greater risk of default; derivative securities, which may involve market, credit and liquidity risks; foreign titles, which are subject to currency fluctuations and political uncertainty; and emerging market securities, which are subject to greater volatility and price declines. Fixed income investments are subject to interest rate risk, their value decreasing as interest rates rise. There are fees and expenses associated with investing in these Funds. Diversification does not guarantee profit or protect against loss in declining markets. There is no guarantee that dividends or distributions will be paid.

An investment in the ordinary shares of a closed-end fund may be speculative as it involves a high degree of risk, should not constitute a complete investment program and may result in a loss of capital. Each closed-end fund will have its own investment strategy, risks, fees and expenses which must be taken into account before investing.

This material is provided for informational or educational purposes only and does not take into account the investment objectives or financial condition of any client or potential client. The information is not intended as investment advice and does not constitute a recommendation. Clients seeking information regarding their particular investment needs should contact a financial professional. Please consult a qualified investment professional if you wish to obtain investment advice.

PGIM Fixed Income is a unit of PGIM, Inc., which is a registered investment adviser and prudential financial company. © 2021 Prudential Financial, Inc. and its related entities. PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions around the world.

Investment products are not insured by the FDIC or any federal government agency, may lose value, and do not constitute a deposit or guarantee by any bank or subsidiary bank.

1054994-00001-00 Expiration: 05/31/2023

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