Prudential Short Duration High Yield Fund, Inc. (NYSE:ISD), (the
“Fund”), a diversified, closed-end management investment company,
announced today its unaudited investment results for the quarter ended
August 31, 2013.
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As of
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As of
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August 31, 2013
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February 28, 2013
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Net Assets
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$626,849,269
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$640,197,203
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Loan Outstanding
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$209,000,000
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$229,000,000
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Shares Outstanding
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33,256,724
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33,197,912
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Net Asset Value ("NAV") Per Share
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$18.85
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$19.28
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Market Price Per Share
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$17.75
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$20.10
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Premium / (Discount) to NAV
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-5.8%
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4.3%
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Undistributed / (Overdistributed) Net Investment Income (a)
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$1,152,090
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$1,347,548
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Undistributed / (Overdistributed) Net Investment Income Per Share (a)
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$0.03
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$0.04
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Quarter Ended
August 31, 2013
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Quarter Ended
February 28, 2013
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Quarterly Earnings
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Net Investment Income
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$13,372,526
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$13,500,105
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Net Realized and Unrealized Gain (Loss) on Investment and Foreign
Currency Transactions
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($12,222,194)
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$3,269,785
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Net Increase / (Decrease) in Net Assets From Operations
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$1,150,332
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$16,769,890
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Quarterly Earnings Per Common Share
Outstanding
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Net Investment Income
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$0.40
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$0.41
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Net Realized and Unrealized Gain / (Loss)
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($0.37)
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$0.10
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Net Increase / (Decrease) in Net Assets From Operations
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$0.03
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$0.51
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Notes:
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(a)
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Overdistributed amounts may be funded by capital gains on
portfolio securities or through return of shareholder’s capital.
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This financial data is unaudited.
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The Fund files its annual and semi-annual stockholders reports on Form
N-CSR, as well as complete schedule of portfolio holdings with the
Securities and Exchange Commission (the "Commission") for the first and
third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are
available on the Commission’s website at www.sec.gov.
The Fund’s Forms N-Q may also be reviewed and copied at the Commission’s
Public Reference Room in Washington, D.C. Information on the operation
and location of the Public Reference Room may be obtained by calling
(202) 551-8090. To obtain information on Form N-Q or annual and
semi-annual stockholder reports, shareholders can call (800) 451-6788
(toll-free). You may also call this number to request additional
information or to make other inquiries pertaining to the Fund.
Data and commentary provided in this press release are for informational
purposes only. Prudential Investments LLC ("PI"), the Investment Manager
of the Fund, and its affiliates do not engage in selling shares of the
Fund. The Fund is sub-advised by Prudential Fixed Income, a business
unit of Prudential Investment Management Inc. ("PIM") and an affiliate
of the investment manager.
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 Prudential Short
Duration High Yield Fund, Inc.
Prudential Investments is the mutual fund business of Prudential
Financial, Inc., offering a range of open and closed end funds. Please
visit http://www.prudentialfunds.com
for more information.
Prudential Financial, Inc. (NYSE:PRU), a financial services leader with
more than $1 trillion of assets under management as of June 30, 2013,
has operations in the United States, Asia, Europe, and Latin America.
Prudential’s diverse and talented employees are committed to helping
individual and institutional customers grow and protect their wealth
through a variety of products and services, including life insurance,
annuities, retirement-related services, mutual funds and investment
management. In the U.S., Prudential’s iconic Rock symbol has stood for
strength, stability, expertise and innovation for more than a century.
For more information, please visit www.news.prudential.com.
Prudential Fixed Income is a unit of PIM, which is a registered
investment advisor and Prudential Financial company. Prudential
Investments, Prudential, the Prudential logo, and the Rock symbol are
service marks of Prudential Financial, Inc. and its related entities,
registered in many jurisdictions worldwide.
Control Number: 0251423-00001-00
Copyright Business Wire 2013