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
February 29, 2016.
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As of
February 29, 2016
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As of
November 30, 2015
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As of
February 28, 2015
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Net Assets
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$539,307,695
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$558,459,663
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$595,282,467
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Loan Outstanding
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$175,000,000
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$200,000,000
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$226,000,000
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Shares Outstanding
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33,256,724
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33,256,724
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33,256,724
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Net Asset Value ("NAV") Per Share (a)
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$16.22
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$16.79
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$17.90
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Market Price Per Share (b)
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$14.93
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$14.38
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$16.70
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Premium / (Discount) to NAV (c)
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-8.0%
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-14.4%
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-6.7%
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Undistributed / (Overdistributed) Net Investment Income (d)
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$3,953,438
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$4,515,784
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$3,407,697
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Undistributed / (Overdistributed) Net Investment Income
Per
Share (d)
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$0.12
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$0.14
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$0.10
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Quarter Ended
February 29,
2016
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Quarter Ended
November 30,
2015
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Quarter Ended
February 28,
2015
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Quarterly Earnings
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Net Investment Income
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$10,412,373
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$11,394,329
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$12,554,345
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Net Realized and Unrealized Gain (Loss)
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($18,589,621)
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($14,657,170)
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($3,692,880)
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Net Increase / (Decrease) in Net Assets From Operations
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($8,177,248)
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($3,262,841)
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$8,861,465
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Quarterly Earnings Per Common Share
Outstanding
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Net Investment Income
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$0.31
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$0.34
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$0.38
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Net Realized and Unrealized Gain / (Loss)
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($0.56)
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($0.44)
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($0.11)
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Net Increase / (Decrease) in Net Assets From Operations
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($0.25)
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($0.10)
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$0.27
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This financial data is unaudited. Amounts do not reflect adjustments for
Generally Accepted Accounting Principles including those relating to
amortization of premiums on securities held.
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Notes:
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(a)
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Net Asset Value (“NAV”) Per Share is total assets less total
liabilities divided by the number of shares outstanding.
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(b)
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Market Price Per Share is the closing price on the New York Stock
Exchange.
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(c)
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Premium / (Discount) to NAV is the % difference between the market
price and the NAV price.
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(d)
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Over distributed amounts may be funded by capital gains on portfolio
securities or through return of shareholder’s capital. Undistributed
Net Investment Income ("UNII") represents the balance to date of a
fund’s net investment income less its distributions. Includes prior
year UNII of $4,648,041 for the fiscal year ended 5/31/15 and
$5,419,836 for the fiscal year ended 5/31/14.
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The Fund files its annual and semi-annual stockholders reports on Form
N-CSR, as well as complete schedule of investments 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 http://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, 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
PGIM Inc. 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 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 Investments® is the mutual fund business of
Prudential Financial, Inc., offering a range of open- and closed-end
funds. Please visit www.prudentialfunds.com
for more information.
Prudential Financial, Inc., a financial services leader with over $1
trillion of assets under management as of December 31, 2015, 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 United States, Prudential’s iconic Rock symbol has
stood for strength, stability, expertise and innovation for more than a
century. For more information, please visit http://www.news.prudential.com/.
Prudential Fixed Income is a unit of PGIM, Inc., which is a registered
investment advisor and Prudential Financial company. © 2016 Prudential
Financial, Inc. and its related entities. Prudential Investments LLC,
Prudential, the Prudential logo, and the Rock symbol are service marks
of Prudential Financial, Inc. and its related entities, registered in
many jurisdictions worldwide.
0290194-00001-00
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