{"id":451344,"date":"2021-03-04T16:23:11","date_gmt":"2021-03-04T21:23:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451344"},"modified":"2021-03-04T16:23:11","modified_gmt":"2021-03-04T21:23:11","slug":"pgim-global-high-yield-fund-inc-reports-unaudited-earnings-and-financial-position-for-quarter-ended-january-31-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pgim-global-high-yield-fund-inc-reports-unaudited-earnings-and-financial-position-for-quarter-ended-january-31-2021\/","title":{"rendered":"PGIM Global High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended January 31, 2021"},"content":{"rendered":"

<\/p>\n

PGIM Global High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended January 31, 2021<\/b><\/p>\n

NEWARK, N.J.–(BUSINESS WIRE<\/a>)–
\nPGIM Global High Yield Fund, Inc.(NYSE: GHY), (the \u201cFund\u201d), a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended Jan. 31, 2021.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

As of
\n
January 31, 2021<\/span><\/b><\/p>\n<\/td>\n

\n\n

As of
\n
October 31, 2020<\/span><\/b><\/p>\n<\/td>\n

\n\n

As of
\n
January 31, 2020<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Assets\n<\/p>\n<\/td>\n

\n

\n$674,355,270\n<\/p>\n<\/td>\n

\n\n

\n$623,779,334\n<\/p>\n<\/td>\n

\n\n

\n$679,351,640\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nLoan Outstanding\n<\/p>\n<\/td>\n

\n

\n$254,000,000\n<\/p>\n<\/td>\n

\n\n

\n$234,000,000\n<\/p>\n<\/td>\n

\n\n

\n$239,000,000\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nShares Outstanding\n<\/p>\n<\/td>\n

\n

\n40,923,879\n<\/p>\n<\/td>\n

\n\n

\n40,923,879\n<\/p>\n<\/td>\n

\n\n

\n40,923,879\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Asset Value (\u201cNAV\u201d) Per Share (a)\n<\/p>\n<\/td>\n

\n

\n$16.48\n<\/p>\n<\/td>\n

\n\n

\n$15.24\n<\/p>\n<\/td>\n

\n\n

\n$16.60\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nMarket Price Per Share (b)\n<\/p>\n<\/td>\n

\n

\n$14.47\n<\/p>\n<\/td>\n

\n\n

\n$12.73\n<\/p>\n<\/td>\n

\n\n

\n$15.00\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nPremium \/ (Discount) to NAV (c)\n<\/p>\n<\/td>\n

\n

\n(12.2)%\n<\/p>\n<\/td>\n

\n\n

\n(16.5)%\n<\/p>\n<\/td>\n

\n\n

\n(9.6)%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nUndistributed \/ (Overdistributed) Net Investment Income (d)\n<\/p>\n<\/td>\n

\n

\n($1,211,870)\n<\/p>\n<\/td>\n

\n\n

\n$635,381\n<\/p>\n<\/td>\n

\n\n

\n$3,672,264\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nUndistributed \/ (Overdistributed) Net Investment Income Per Share (e)\n<\/p>\n<\/td>\n

\n

\n($0.03)\n<\/p>\n<\/td>\n

\n\n

\n$0.02\n<\/p>\n<\/td>\n

\n\n

\n$0.09\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

Quarter Ended
\n
January 31, 2021<\/span><\/b><\/p>\n<\/td>\n

\n\n

Quarter Ended
\n
October 31, 2020<\/span><\/b><\/p>\n<\/td>\n

\n\n

Quarter Ended
\n
January 31, 2020<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Quarterly Earnings<\/span><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Investment Income\n<\/p>\n<\/td>\n

\n

\n$11,043,770\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$10,274,454\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$12,026,553\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Realized and Unrealized Gain (Loss)\n<\/p>\n<\/td>\n

\n

\n$52,423,211\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n($7,773,731)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$17,530,693\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Increase \/ (Decrease) in Net Assets From Operations\n<\/p>\n<\/td>\n

\n

\n$63,466,981\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$2,500,723\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$29,557,246\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

Quarterly Earnings Per Common Share Outstanding<\/span><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Investment Income\n<\/p>\n<\/td>\n

\n

\n$0.27\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$0.25\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$0.29\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Realized and Unrealized Gain \/ (Loss)\n<\/p>\n<\/td>\n

\n

\n$1.28\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n($0.19)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$0.43\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Increase \/ (Decrease) in Net Assets From Operations\n<\/p>\n<\/td>\n

\n

\n$1.55\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$0.06\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$0.72\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nThis financial data is unaudited. Amounts do not reflect adjustments for Generally Accepted Accounting Principles, including those relating to amortization of premiums on securities held, and may be updated periodically.\n<\/p>\n\n\n\n\n\n\n\n
Notes:<\/td>\n<\/tr>\n
(a)<\/td>\n\n\n

\nNet Asset Value (\u201cNAV\u201d) Per Share is total assets less total liabilities divided by the number of shares outstanding.\n<\/p>\n<\/td>\n<\/tr>\n

(b)<\/td>\n\n\n

\nMarket Price Per Share is the closing price on the New York Stock Exchange.\n<\/p>\n<\/td>\n<\/tr>\n

(c)<\/td>\n\n\n

\nPremium \/ (Discount) to NAV is the % difference between the market price and the NAV price.\n<\/p>\n<\/td>\n<\/tr>\n

(d)<\/td>\n\n\n

\nOverdistributed amounts may be funded by capital gains on portfolio securities or through return of stockholders\u2019 capital. Undistributed \/ (Overdistributed) Net Investment Income (\u201cUNII\u201d) (\u201cONII\u201d) represents the balance to date of a fund\u2019s net investment income less its distributions. Includes prior year UNII of $3,042,733 for the fiscal year ended July 31, 2020 and the UNII of $5,569,839 for the fiscal year ended July 31, 2019.\n<\/p>\n<\/td>\n<\/tr>\n

(e)<\/td>\n\n\n

\nThe UNII information provided treats amounts relating to foreign currency transactions as net realized and unrealized gain (loss). However, these amounts are treated as net investment income (loss) for federal income tax purposes. In accordance with federal income tax treatment, the UNII balances would have been ($3,110,936)\/($0.08) per share, $4,927,421\/$0.12 per share, and $5,397,467\/$0.13 per share, as of the current quarter, prior quarter, and year-ago quarter, respectively. While not required to do so, the Fund may attempt to hedge its foreign currency exposure, which may offset all or a portion of the foreign currency exposure included in the table above. As of the date of this press release, the Fund believes that it has significantly hedged its foreign currency exposure.\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nThe Fund files its annual and semiannual stockholder reports on Form N-CSR with the Securities and Exchange Commission (the \u201cCommission\u201d), which includes its complete schedule of investments. The Fund also files Form N-PORT with the Commission within 60 days of the end of each fiscal quarter, including the Fund\u2019s complete schedule of investments as of its first and third fiscal quarters. The Fund\u2019s schedule of portfolio holdings is also available on the Fund\u2019s website as of the end of each month no sooner than 15 days after the end of the month. The Fund\u2019s filings on Form N-PORT and stockholder reports on Form N-CSR are available on the Commission\u2019s website at sec.gov. To obtain additional information or to make other inquiries pertaining to the Fund, stockholders can call (800) 451-6788 (toll-free).\n<\/p>\n

About PGIM and Prudential Financial, Inc.<\/b><\/p>\n

PGIM<\/a>, the global asset management business of Prudential Financial, Inc. (NYSE: PRU<\/a>), ranks among the top 10 largest asset managers in the world* with $1.5 trillion in assets under management as of Dec. 31, 2020. With offices in 16 countries, PGIM\u2019s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com<\/a>.\n<\/p>\n

\nPrudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com<\/a>.\n<\/p>\n

\n*Prudential Financial, Inc. (PFI) is the 10th largest investment manager (out of 527 firms surveyed) in terms of global assets under management based on Pensions & Investments\u2019 Top Money Managers list published on June 1, 2020. This ranking represents global assets under management by PFI as of March 31, 2020.\n<\/p>\n

\nData and commentary provided in this press release are for informational purposes only. PGIM Investments LLC, the Investment Manager of the Fund, and its affiliates do not engage in selling shares of the Fund. The Fund is subadvised by PGIM Fixed Income, a business unit of PGIM, Inc. and an affiliate of the investment manager.\n<\/p>\n

\nThe Fund is a diversified, closed-end management investment company managed by PGIM Investments LLC and subadvised by PGIM Fixed Income, a business unit of PGIM, Inc., and an affiliate of the investment manager.\n<\/p>\n

\nThe Fund invests in high yield (\u201cjunk\u201d) bonds<\/b>, which are subject to greater credit and market risks, including greater risk of default; derivative securities<\/b>, which may carry market, credit, and liquidity risks; foreign securities<\/b>, which are subject to currency fluctuation and political uncertainty; and emerging markets securities<\/b>, which are subject to greater volatility and price declines. Fixed income investments<\/b> are subject to interest rate risk, where their value will decline as interest rates rise. There are fees and expenses involved with investing in these Funds. 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.\n<\/p>\n

\nAn investment in a closed-end fund\u2019s common stock may be speculative in that it involves a high degree of risk, should not constitute a complete investment program, and may result in loss of principal. Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing.\n<\/p>\n

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact a financial professional. Please consult with a qualified investment professional if you wish to obtain investment advice.<\/i><\/p>\n

\nPGIM Fixed Income is a unit of PGIM, Inc., which is a registered investment advisor and Prudential Financial company. \u00a9 2021 Prudential Financial, Inc. and its related entities. PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.\n<\/p>\n

\nInvestment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.\n<\/p>\n

\n1014200-00010-00 Expiration: 9\/30\/2022\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210304005729\/en\/<\/a><\/span><\/p>\n

MEDIA CONTACT:
\n
<\/b>Kylie Scott
(973) 902-2503
\n
kylie.scott@pgim.com<\/a><\/p>\n

KEYWORDS:<\/b> New Jersey United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Banking Professional Services Other Professional Services Insurance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

PGIM Global High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended January 31, 2021 NEWARK, N.J.–(BUSINESS WIRE)– PGIM Global High Yield Fund, Inc.(NYSE: GHY), (the \u201cFund\u201d), a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended Jan. 31, 2021. \u00a0 As of January 31, 2021 As of October 31, 2020 As of January 31, 2020 Net Assets $674,355,270 $623,779,334 $679,351,640 Loan Outstanding $254,000,000 $234,000,000 $239,000,000 Shares Outstanding 40,923,879 40,923,879 40,923,879 Net Asset Value (\u201cNAV\u201d) Per Share (a) $16.48 $15.24 $16.60 Market Price Per Share (b) $14.47 $12.73 $15.00 Premium \/ (Discount) to NAV (c) (12.2)% (16.5)% (9.6)% \u00a0 \u00a0 \u00a0 \u00a0 Undistributed \/ (Overdistributed) Net Investment Income (d) ($1,211,870) $635,381 … <\/p>\n

Continue reading “PGIM Global High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended January 31, 2021”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-451344","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPGIM Global High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended January 31, 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pgim-global-high-yield-fund-inc-reports-unaudited-earnings-and-financial-position-for-quarter-ended-january-31-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PGIM Global High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended January 31, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PGIM Global High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended January 31, 2021 NEWARK, N.J.–(BUSINESS WIRE)– PGIM Global High Yield Fund, Inc.(NYSE: GHY), (the \u201cFund\u201d), a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended Jan. 31, 2021. \u00a0 As of January 31, 2021 As of October 31, 2020 As of January 31, 2020 Net Assets $674,355,270 $623,779,334 $679,351,640 Loan Outstanding $254,000,000 $234,000,000 $239,000,000 Shares Outstanding 40,923,879 40,923,879 40,923,879 Net Asset Value (\u201cNAV\u201d) Per Share (a) $16.48 $15.24 $16.60 Market Price Per Share (b) $14.47 $12.73 $15.00 Premium \/ (Discount) to NAV (c) (12.2)% (16.5)% (9.6)% \u00a0 \u00a0 \u00a0 \u00a0 Undistributed \/ (Overdistributed) Net Investment Income (d) ($1,211,870) $635,381 … Continue reading "PGIM Global High Yield Fund, Inc. 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Reports Unaudited Earnings and Financial Position for Quarter Ended January 31, 2021 NEWARK, N.J.–(BUSINESS WIRE)– PGIM Global High Yield Fund, Inc.(NYSE: GHY), (the \u201cFund\u201d), a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended Jan. 31, 2021. \u00a0 As of January 31, 2021 As of October 31, 2020 As of January 31, 2020 Net Assets $674,355,270 $623,779,334 $679,351,640 Loan Outstanding $254,000,000 $234,000,000 $239,000,000 Shares Outstanding 40,923,879 40,923,879 40,923,879 Net Asset Value (\u201cNAV\u201d) Per Share (a) $16.48 $15.24 $16.60 Market Price Per Share (b) $14.47 $12.73 $15.00 Premium \/ (Discount) to NAV (c) (12.2)% (16.5)% (9.6)% \u00a0 \u00a0 \u00a0 \u00a0 Undistributed \/ (Overdistributed) Net Investment Income (d) ($1,211,870) $635,381 … Continue reading \"PGIM Global High Yield Fund, Inc. 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