Prudential Short Duration High Yield Fund, Inc. (NYSE:ISD),
declared today monthly distributions of $0.1225 per common share for
December 2013 and January and February 2014, and a special distribution.
The distribution schedule and amounts appear below:
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Declaration of Monthly Distributions:
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Month
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Ex-Date
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Record Date
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Payable Date
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Amount
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December
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12/18/13
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12/20/13
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12/31/13
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$0.1225
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January
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12/27/13
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12/31/13
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1/10/14
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$0.1225
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February
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2/19/14
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2/21/14
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2/28/14
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$0.1225
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Declaration of Special Dividend:
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Ex-Date
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Record Date
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Payable Date
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Amount
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12/27/13
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12/31/13
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1/10/14
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$0.1278
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This press release is not for tax reporting purposes but is being
provided to announce the amount of the Fund’s distributions that have
been declared by the Board of Directors. In early 2014 and early 2015,
after definitive information is available, the Fund will send
shareholders a Form 1099-DIV, if applicable, specifying how the
distributions paid by the Fund during the prior calendar year should be
characterized for purposes of reporting the distributions on a
shareholder’s tax return (e.g., ordinary income, long-term capital gain
or return of capital). If applicable, a current estimate of the
distribution's composition can be found in the Section 19 notice section
of the website. Please consult your tax advisor for further information.
The Fund is a diversified, closed-end investment management company
managed by Prudential Investments LLC, and sub-advised by Prudential
Fixed Income, a business unit of Prudential Investment Management Inc.
and an affiliate of the investment manager.
Prudential Investments, the mutual fund business of Prudential
Financial, Inc. oversees Prudential Mutual Funds, which focuses
on traditional mutual funds, separately managed accounts, and Investment
Only Defined Contribution businesses.
Prudential Financial, Inc. (NYSE:PRU), a financial services leader with
more than $1 trillion of assets under management as of September 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.
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.
Prudential Fixed Income is a unit of Prudential Investment Management, a
registered investment adviser 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: 0254526-00001-00
Copyright Business Wire 2013