News Press Releases

Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended May 31, 2016

PRU | July 12, 2016

Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended May 31, 2016

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 May 31, 2016.

	As of	As of	As of
	May 31, 2016	February 29, 2016	May 31, 2015
Net Assets	$558,403,144	$539,307,695	$593,165,143
Loan Outstanding	$205,000,000	$175,000,000	$175,000,000
Shares Outstanding	33,256,724	33,256,724	33,256,724
Net Asset Value ("NAV") Per Share (a)	$16.79	$16.22	$17.84
Market Price Per Share (b)	$15.58	$14.93	$15.75
Premium / (Discount) to NAV (c)	-7.2%	-8.0%	-11.7%

Undistributed / (Overdistributed) Net Investment Income (d)	$3,499,918	$3,953,438	$4,648,041
Undistributed / (Overdistributed) Net Investment Income Per Share (d)	$0.11	$0.12	$0.14

	Quarter Ended	Quarter Ended	Quarter Ended
	May 31, 2016	February 29, 2016	May 31, 2015
Quarterly Earnings
Net Investment Income	$10,799,087	$10,412,373	$12,266,736
Net Realized and Unrealized Gain (Loss)	$19,271,080	($18,589,621)	($2,162,213)
Net Increase / (Decrease) in Net Assets From Operations	$30,070,167	($8,177,248)	$10,104,523

Quarterly Earnings Per Common Share Outstanding
Net Investment Income	$0.32	$0.31	$0.37
Net Realized and Unrealized Gain / (Loss)	$0.58	($0.56)	($0.07)
Net Increase / (Decrease) in Net Assets From Operations	$0.90	($0.25)	$0.30

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.

Notes:
(a)		Net Asset Value (“NAV”) Per Share is total assets less total liabilities divided by the number of shares outstanding.
(b)		Market Price Per Share is the closing price on the New York Stock Exchange.
(c)		Premium / (Discount) to NAV is the % difference between the market price and the NAV price.
(d)		Overdistributed 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 $3,499,918 for the fiscal year ended 5/31/16 and $4,648,041 for the fiscal year ended 5/31/15.

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 March 31, 2016, 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/.

An investment in a closed-end fund’s common stock may be speculative in that it involves a high degree of risk and should not constitute a complete investment program, and may result in loss of principal. Each close-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing.

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.

Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.

0294214-00001-00