Prudential Global Short Duration High Yield Fund, Inc. (NYSE: GHY) declared today its initial distribution of $0.125 per share of common stock payable February 28, 2013. Based on the Fund’s initial offering price of $20.00 per share, this equates to an annualized distribution yield of 7.50%. The Fund also declared today monthly distributions of $0.125 per share of common stock for March, April and May 2013. The distribution schedule appears below:
These distributions are the first declared by the Fund following its successful initial public offering in December 2012 that raised approximately $851 million, assuming full exercise of the underwriters' overallotment option, which may not occur.