Saturday, 18 May 2024
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Barings Global Short Duration High Yield Fund Announces May 2024 Monthly Distribution of $0.1056 per Share By Investing.com

Baytex Reports Shareholder Meeting Results By Investing.com


CHARLOTTE, N.C.–(BUSINESS WIRE)–The Barings Global Short Duration High Yield Fund (the Fund) (NYSE: BGH) announced its monthly dividend for May 2024 of $0.1056 per share, payable on June 3, 2024. Based on the Fund’s April 30, 2024 share price of $13.93 per share, the dividend represents an annualized yield of 9.10% per share. Based on current projections through the payable date, the Fund expects that this dividend will be comprised of net investment income.

In addition, the Fund announced estimated monthly dividends of $0.1056 per share for June 2024 and July 2024.

The dividend schedule appears below:

Month

Ex-Date

Record Date

Payable Date

Amount1

May

05/21/2024

05/22/2024

06/03/2024

$0.1056

June

06/20/2024

06/20/2024

07/01/2024

$0.1056

July

07/23/2024

07/23/2024

08/01/2024

$0.1056

The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned. A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain or return of capital. The final determination of the source and tax characteristics of these distributions will depend upon the Fund’s investment experience during its fiscal year and will be made after the Fund’s year end. The Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes.

The Fund is a non-diversified, closed-end management investment company that is managed by Barings LLC. The Fund invests primarily in short-duration, global high yield bonds with the objective of seeking as high a level of current income as Barings determines is consistent with capital preservation, with a secondary objective of capital appreciation. The Fund expects to maintain a weighted average portfolio duration, including the effects of leverage, of 3 years or less.

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Cautionary Notice: Certain statements contained in this press release may be “forward looking” statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date in which they are made and which reflect management’s current estimates, projections, expectations or beliefs, and which are subject to risks and uncertainties that may cause actual results to differ materially. These statements are subject to change at any time based…

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