PGIM High Yield Bond Fund Inc. Reports Unaudited Earnings Results for the Quarter Ended February 29, 2020
April 02, 2020 at 05:32 pm EDT
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PGIM High Yield Bond Fund Inc. reported unaudited earnings results for the quarter ended February 29, 2020. For the quarter, the company reported net investment income of $9,719,053 or $0.29 per common share against $8,371,843 or $0.25 per common share a year ago. Net realized and unrealized loss was $9,880,917 or $0.30 per common share against gain of $10,630,970 or $0.32 per common share a year ago. Net decrease in net assets from operations was $161,864 or $0.01 per common share against net increase in net assets from operations $19,002,813 or $0.57 per common share a year ago.
PGIM High Yield Bond Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to provide a high level of current income. The Fund is focused on investing at least 80% of its investable assets in a diversified portfolio of high yield fixed income instruments that are rated below investment grade with varying maturities and other investments, including derivatives with similar economic characteristics. The Fund may invest up to 20% of its investable assets in United States currency denominated and/or foreign currency denominated fixed income instruments issued by foreign issuers. The Fund invests in various industries, which include telecommunications, oil and gas, affiliated mutual fund, commercial services, home builders, healthcare services, chemicals, entertainment, pipelines, electric, software, foods, real estate investment trusts (REITs), mining and computers. PGIM Investments LLC serves as the manager of the Fund.
PGIM HIGH YIELD BOND FUND, INC. 
