Prudential Financial : Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended May 31, 2016
July 14, 2016 at 04:58 pm EDT
Share
12 July 2016
Prudential Short Duration High Yield Fund, Inc. Reports
Unaudited Earnings and Financial Position for Quarter Ended May 31, 2016
NEWARK, N.J., July 12, 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
May 31, 2016
As of February 29, 2016
As of 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 May 31, 2016
Quarter Ended February 29, 2016
Quarter Ended 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:
Net Asset Value ('NAV') Per Share is total assets less total liabilities divided by the number of shares outstanding.
Market Price Per Share is the closing price on the New York Stock Exchange.
Premium / (Discount) to NAV is the % difference between the market price and the NAV price.
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.
Prudential Financial Inc. published this content on 12 July 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 July 2016 20:58:01 UTC.
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Prudential Financial, Inc. specializes in supplying financial services to private and institutional customers. Revenues break down by activity as follows:
- retirement insurance (25.4%);
- individual life insurance (11.4%);
- group insurance (10.3%): primarily life and disability insurances;
- individual fixed and variable annuity management (8.2%);
- portfolio and mutual fund management (7.5%): USD 1,524 billion in assets under management at the end of 2021;
- other (0.9%).
The remaining revenues (36.3%) are from international activities.
Revenues are distributed geographically as follows: the United States (63.8%), Japan (26.6%) and other (9.6%).