Barings Global Short Duration High Yield Fund Announces February 2023 Monthly Distribution of $0.1056 per Share

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Barings Global Short Duration High Yield Fund Announces February 2023 Monthly Distribution of $0.1056 per Share

PR Newswire

CHARLOTTE, N.C., Feb. 7, 2023 /PRNewswire/ -- The Barings Global Short Duration High Yield Fund (the "Fund") (NYSE: BGH) announced its monthly dividend for February 2023 of $0.1056 per share, payable on March 1, 2023.  Based on the Fund's January 31, 2023 share price of $13.70 per share, the distribution represents an annualized yield of 9.25% per share.  Based on current projections through the payable date, the Fund expects that this distribution will be comprised of net investment income.

In addition, the Fund announced estimated monthly distributions of $0.1056 per share for March 2023 and April 2023.      

The distribution schedule appears below:

Month

  Ex-Date

Record Date

Payable Date

Amount1

February

 2/16/2023

 2/17/2023

  3/01/2023

$0.1056

March

  3/22/2023

  3/23/2023

  4/03/2023

$0.1056

April

  4/19/2023

  4/20/2023

  5/01/2023

$0.1056

The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned. A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain or return of capital. The final determination of the source and tax characteristics of these distributions will depend upon the Fund's investment experience during its fiscal year and will be made after the Fund's year end. The Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes.

The Fund is a non-diversified, closed-end management investment company that is managed by Barings LLC.  The Fund invests primarily in short-duration, global high yield bonds with the objective of seeking as high a level of current income as Barings determines is consistent with capital preservation, with a secondary objective of capital appreciation.  The Fund expects to maintain a weighted average portfolio duration, including the effects of leverage, of 3 years or less.

Cautionary Notice: Certain statements contained in this press release may be "forward looking" statements.  Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date in which they are made and which reflect management's current estimates, projections, expectations or beliefs, and which are subject to risks and uncertainties that may cause actual results to differ materially.  These statements are subject to change at any time based upon economic, market or other conditions and may not be relied upon as investment advice or an indication of the fund's trading intent.  References to specific securities are not recommendations of such securities, and may not be representative of the fund's current or future investments.  We undertake no obligation to publicly update forward looking statements, whether as a result of new information, future events, or otherwise. 

Past performance is not necessarily indicative of future results.

About Barings

Barings is a $347+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.

*Assets under management as of December 31, 2022

Contact

[email protected]

1 Amounts represent estimates for March and April

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/barings-global-short-duration-high-yield-fund-announces-february-2023-monthly-distribution-of-0-1056-per-share-301739811.html

SOURCE Barings

Copyright CNW Group 2023

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).