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Babson Capital Global Short Duration High Yield Fund

Babson Capital Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for January 2013 of $0.1677 per share payable on February 1, 2013. Based on the Fund’s initial public offering price of $25.00 per share, the distribution represents an annualized yield of 8.05% per share. Based on current projections through the payable date, the Fund expects that this distribution will be comprised of net interest income.

Additionally, the Fund announced estimated monthly distributions of $0.1677 per share for February 2013 and March 2013. The distribution schedule appears below:

Month

        Ex-Date         Record Date         Payable Date        

Amount 1

January 01/21/2013 01/23/2013 02/01/2013 $0.1677
February 02/18/2013 02/20/2013 03/01/2013 $0.1677
March 03/19/2013 03/21/2013 04/01/2013 $0.1677

The Fund is a non-diversified, closed-end management investment company that is managed by Babson Capital Management 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 Babson Capital 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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