CORRECTING and REPLACING Prudential Global Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position For Quarter Ended January 31, 2014

The headers in the right column on the table should read October 31, 2013 (sted October 31, 2014).

The corrected release reads:

PRUDENTIAL GLOBAL SHORT DURATION HIGH YIELD FUND, INC. REPORTS UNAUDITED EARNINGS AND FINANCIAL POSITION FOR QUARTER ENDED JANUARY 31, 2014

Prudential Global Short Duration High Yield Fund, Inc. (NYSE:GHY), (the Fund), a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended January 31, 2014.
   

As ofJanuary 31, 2014

As ofOctober 31, 2013
Net Assets $770,213,833 $772,483,145
Loan Outstanding $297,000,000 $293,000,000
Shares Outstanding 40,923,879 40,923,879
Net Asset Value ("NAV") Per Share $18.82 $18.88
Market Price Per Share $17.49 $17.46
Premium / (Discount) to NAV -7.1% -7.5%
 
Undistributed / (Overdistributed) Net Investment Income (a) $2,593.071 $1,309,398

Undistributed / (Overdistributed) Net Investment Income PerShare (a)
$0.06 $0.03
 

Quarter EndedJanuary 31, 2014

Quarter EndedOctober 31, 2013

Quarterly Earnings
Net Investment Income $16,630,127 $16,655,853

Net Realized and Unrealized Gain (Loss) on Investment andForeign Currency Transactions
($3,552,985)   $5,520,715
Net Increase / (Decrease) in Net Assets From Operations $13,077,142   $22,176,568
 

Quarterly Earnings Per Common Share Outstanding
Net Investment Income $0.41 $0.41
Net Realized and Unrealized Gain / (Loss) ($0.09)   $0.13
Net Increase / (Decrease) in Net Assets From Operations $0.32   $0.54
 
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. Amounts do not reflect adjustments for Generally Accepted Accounting Principles including those relating to amortization of premiums on securities held.

The Fund files its annual and semi-annual stockholders reports on Form N-CSR, as well as complete schedule of investments 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 http://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, 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. and an affiliate of the investment manager.

The Fund invests in high yield (“junk”) bonds, which are subject to greater credit and market risks; derivative securities, which may carry market, credit, and liquidity risks; foreign securities, which are subject to currency fluctuation and political uncertainty; and emerging markets securities, which are subject to greater volatility and price declines. Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise. There are fees and expenses involved with investing in the Fund. Diversification does not assure a profit or protect against a loss in declining markets. There is no guarantee that dividends or distributions will be paid.

Prudential Investments is the mutual fund business of Prudential Financial, Inc., offering a range of open- and closed-end funds. Please visit http://www.prudentialfunds.com for more information.

Prudential Fixed Income is a unit of Prudential Investment Management, Inc., which is a registered investment advisor and Prudential Financial company. Prudential Investments, Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1.1 trillion of assets under management as of December 31, 2013, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.

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