Latest news with #PGIM
Yahoo
30-05-2025
- Business
- Yahoo
PGIM Closed End Funds declare distributions for June, July, and August 2025
NEWARK, N.J., May 30, 2025--(BUSINESS WIRE)--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) declared today monthly distributions for June, July, and August 2025. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.105 – PGIM Short Duration High Yield Opportunities Fund SDHY $0.108 – Month Ex-Date Record Date Payable Date June 06/12/2025 06/12/2025 06/30/2025 July 07/10/2025 07/10/2025 07/31/2025 August 08/14/2025 08/14/2025 08/29/2025 The distribution amounts are forward-looking and may include net investment income, currency gains, capital gains and a return of capital, but such a determination cannot be made at this time. This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund's distributions that have been declared by the applicable Board of Directors. In early 2026, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each 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, and when available, 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. ABOUT PGIM INVESTMENTS PGIM Investments, LLC and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM's globally diversified investment platform that encompasses the expertise of managers across fixed income, equities, alternatives and real estate. ABOUT PGIM PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 41 offices across 19 countries, our more than 1,450 investment professionals serve both retail and institutional clients around the world. As a leading global asset manager with $1.39 trillion in assets under management,1 PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialized expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information visit Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit Data and commentary provided in this press release are for informational purposes only. PGIM Investments LLC, the Investment Manager of the Fund, and its affiliates do not engage in selling shares of the Fund. Each Fund is a diversified, closed-end management investment company managed by PGIM Investments LLC and subadvised by PGIM Fixed Income, a business unit of PGIM, Inc., and an affiliate of the investment manager. These Funds invest in high yield ("junk") bonds, which are subject to greater credit and market risks, including greater risk of default; 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 these Funds. 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. An investment in a closed-end fund's common stock may be speculative in that it involves a high degree of risk, should not constitute a complete investment program, and may result in loss of principal. Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing. This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact a financial professional. Please consult with 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 advisor and Prudential Financial company. © 2025 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 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. 1As of March 31, 2025. 4537930 Expiration: 06/30/2026 CONNECT WITH US:Visit Follow on LinkedIn View source version on Contacts MEDIA CONTACT: Leah Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
30-05-2025
- Business
- Business Wire
PGIM Closed End Funds declare distributions for June, July, and August 2025
NEWARK, N.J.--(BUSINESS WIRE)--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) declared today monthly distributions for June, July, and August 2025. The distribution amounts and schedule for each fund appears below: Month Ex-Date Record Date Payable Date June 06/12/2025 06/12/2025 06/30/2025 July 07/10/2025 07/10/2025 07/31/2025 August 08/14/2025 08/14/2025 08/29/2025 Expand The distribution amounts are forward-looking and may include net investment income, currency gains, capital gains and a return of capital, but such a determination cannot be made at this time. This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund's distributions that have been declared by the applicable Board of Directors. In early 2026, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each 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, and when available, 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. ABOUT PGIM INVESTMENTS PGIM Investments, LLC and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM's globally diversified investment platform that encompasses the expertise of managers across fixed income, equities, alternatives and real estate. ABOUT PGIM PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 41 offices across 19 countries, our more than 1,450 investment professionals serve both retail and institutional clients around the world. As a leading global asset manager with $1.39 trillion in assets under management, 1 PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialized expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information visit Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit Data and commentary provided in this press release are for informational purposes only. PGIM Investments LLC, the Investment Manager of the Fund, and its affiliates do not engage in selling shares of the Fund. Each Fund is a diversified, closed-end management investment company managed by PGIM Investments LLC and subadvised by PGIM Fixed Income, a business unit of PGIM, Inc., and an affiliate of the investment manager. These Funds invest in high yield ('junk') bonds, which are subject to greater credit and market risks, including greater risk of default; 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 these Funds. 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. An investment in a closed-end fund's common stock may be speculative in that it involves a high degree of risk, should not constitute a complete investment program, and may result in loss of principal. Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing. This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact a financial professional. Please consult with 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 advisor and Prudential Financial company. © 2025 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 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. 1 As of March 31, 2025.
Bloomberg
21-05-2025
- Business
- Bloomberg
Don't Focus on the Noise in Housing, Says PGIM's Marcus
Mortgage rates in the US are once again approaching the dreaded 7 percent. That marks the highest level since February. Elevated borrowing costs are driving a decline in applications for home purchases and refinancing. Cathy Marcus, Co-CEO and Global COO at PGIM Real Estate joined Bloomberg Open Interest from its annual Global Client Conference in Miami. (Source: Bloomberg)
Forbes
17-05-2025
- Business
- Forbes
How This High-Yield Bond Fund Sailed Through The April Crash
Calculations and economic analysis of macroeconomic indicators in the long run. Forecast of global ... More recession and recession in the global economy. Graphs and charts illustrating income and expenses and US dollar bills About a month ago, Mike Bird, the Wall Street editor for The Economist, tweeted (or 'X-ed,' I guess I should say) the following: 'You have to concede that there would be a form of stupid, ridiculous beauty in the S&P 500 closing completely flat for April.' And, well, after all the drama we saw in April, that's pretty much where we landed. I once met Mike for coffee, and he's a friendly, intelligent person, so it's easy for me to agree with him here: Yes, the market behaved stupidly in April, starting with the tariff selloff and ending with the first hints of a deal with China (with various back-and-forth moves on tariffs in between). But there's a lot we can learn from that wild month. Let's look at three things that stand out, especially for those of us who aim to invest for high income and a 'dividend-driven' retirement. While stocks have struggled to get into the green this year (and mightily in April!), corporate bonds are up: The benchmark for corporates, the SPDR Bloomberg High-Yield Bond ETF (JNK), has returned a little more than 2% year to date as I write this. We, of course, prefer to buy bonds through closed-end funds (CEFs), for two reasons: A good example is the PGIM Global High Yield Fund (GHY), which we added to the CEF Insider portfolio in late January. It's outperformed the S&P 500 since, as of this writing. GHY Outperforms Why is GHY beating stocks? The CEF invests in corporate bonds, whose big yields have held up, thanks to the Fed keeping rates higher. That's letting GHY sustain its 9.7% dividend and attract more investors, especially since defaults have remained low among US and global companies. It's a good example of how we can blunt the effect a stock-market crash on our portfolios by investing elsewhere. And of course (and maybe more important!) we diversify our income stream, too. Let's talk about that next. GHY, as mentioned, yields 9.7%, or about $80.83 per month per $10,000 invested. That's a lot more than the $10.25 per month you'd get from an S&P 500 index fund. The typical index fund's tiny income stream means that if an investor needed to sell stocks to fund their needs in April, they faced a much higher risk of being forced to do so at a loss. That's not the case with GHY, with its 9.7% payout. Hence the month was an opportunity for GHY buyers, especially those who bought more when GHY sold off at the start of April. The market also, of course, gets it wrong and overshoots to the downside all the time. That mispricing is something we can pounce on. Yet again, GHY is an example here. When we added it to the CEF Insider portfolio in January, it was trading at a 3.25% discount to NAV. Now it is trading around par and has moved solidly into premium territory a number of times since our buy. As more investors diversify away from stocks and find streams of income to tide them over amidst uncertainty, I expect GHY to see a healthy premium yet again. Michael Foster is the Lead Research Analyst for Contrarian Outlook. For more great income ideas, click here for our latest report 'Indestructible Income: 5 Bargain Funds with Steady 8.6% Dividends.' Disclosure: none
Bloomberg
16-05-2025
- Business
- Bloomberg
Sentiment Data Keeps Fed Alert: PGIM's Tipp
PGIM Fixed Income Chief Investment Strategist and Head of Global Bonds Robert Tipp says the University of Michigan sentiment survey data shows good numbers. Nuveen Head of Fixed Income Strategy Tony Rodriguez sees some modest pressure lower in yields next 6 to 18 months. They speak with Dani Burger on "Real Yield." (Source: Bloomberg)
