This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings And Financial Position For Quarter Ended August 31, 2013

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 August 31, 2013 .

       
As of As of

August 31, 2013

February 28, 2013

Net Assets $626,849,269 $640,197,203
Loan Outstanding $209,000,000 $229,000,000
Shares Outstanding 33,256,724 33,197,912
Net Asset Value ("NAV") Per Share $18.85 $19.28
Market Price Per Share $17.75 $20.10
Premium / (Discount) to NAV -5.8% 4.3%
 
Undistributed / (Overdistributed) Net Investment Income (a) $1,152,090 $1,347,548
Undistributed / (Overdistributed) Net Investment Income Per Share (a) $0.03 $0.04
 

Quarter Ended

August 31, 2013

Quarter Ended

February 28, 2013

Quarterly Earnings

Net Investment Income $13,372,526 $13,500,105
Net Realized and Unrealized Gain (Loss) on Investment and Foreign Currency Transactions ($12,222,194)     $3,269,785
Net Increase / (Decrease) in Net Assets From Operations $1,150,332     $16,769,890
 

Quarterly Earnings Per Common Share Outstanding

Net Investment Income $0.40 $0.41
Net Realized and Unrealized Gain / (Loss) ($0.37)     $0.10
Net Increase / (Decrease) in Net Assets From Operations $0.03     $0.51
 

Notes:

   

(a)

 

Overdistributed amounts may be funded by capital gains on portfolio securities or through return of shareholder’s capital.

This financial data is unaudited.

The Fund files its annual and semi-annual stockholders reports on Form N-CSR, as well as complete schedule of portfolio holdings with the Securities and Exchange Commission (the "Commission") for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available on the Commission’s website at www.sec.gov. The Fund’s Forms N-Q may also be reviewed and copied at the Commission’s Public Reference Room in Washington, D.C. Information on the operation and location of the Public Reference Room may be obtained by calling (202) 551-8090. To obtain information on Form N-Q or annual and semi-annual stockholder reports, shareholders can call (800) 451-6788 (toll-free). You may also call this number to request additional information or to make other inquiries pertaining to the Fund.

Data and commentary provided in this press release are for informational purposes only. Prudential Investments LLC ("PI"), the Investment Manager of the Fund, and its affiliates do not engage in selling shares of the Fund. The Fund is sub-advised by Prudential Fixed Income, a business unit of Prudential Investment Management Inc. ("PIM") and an affiliate of the investment manager.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,997.16 -37.77 -0.21%
S&P 500 2,101.02 +0.62 0.03%
NASDAQ 5,016.1460 +21.5440 0.43%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs