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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.

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