Prudential Global Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position For Quarter Ended April 30, 2013

Business Wire


Prudential Global Short Duration High Yield Fund, Inc. (GHY) (the "Fund"), a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended April 30, 2013.

            As of     As of

April 30, 2013

January 31, 2013

Net Assets $784,477,879 $700,654,743
Loan Outstanding $265,000,000 $65,000,000
Shares Outstanding 40,923,879 37,005,240
Net Asset Value ("NAV") Per Share $19.17 $18.93
Market Price Per Share $18.93 $20.04
Premium / (Discount) to NAV (1.3%) 5.9%
Undistributed / (Overdistributed) Net Investment Income (a) ($763,101) $2,298,909
Undistributed / (Overdistributed) Net Investment Income Per Share (a) ($0.02) $0.06
For the period
Quarter Ended from December 26, 2012

April 30, 2013

to January 31, 2013

Quarterly Earnings

Net Investment Income $14,579,791 $2,298,909
Net Realized and Unrealized Gain (Loss) on Investment and Foreign Currency Transactions $9,898,784 ($6,964,250)
Net Increase / (Decrease) in Net Assets From Operations $24,478,575 ($4,665,341)

Quarterly Earnings Per Common Share Outstanding

Net Investment Income $0.36 $0.06
Net Realized and Unrealized Gain / (Loss) $0.24 ($0.19)
Net Increase / (Decrease) in Net Assets From Operations $0.60 ($0.13)


(a) Overdistributed amounts may be funded by capital gains or through return of 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 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.

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 Prudential Global Short Duration High Yield Fund, Inc.

Prudential Investments, the mutual fund and wealth management business of Prudential Financial, Inc. (PRU), oversees Prudential Mutual Funds, which focuses on traditional mutual funds, separately managed accounts, and Investment Only Defined Contribution businesses.

Prudential Financial, Inc. (PRU), a financial services leader with approximately $1.06 trillion of assets under management as of March 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

Prudential Fixed Income is a unit of PIM, 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.

Control Number: 0245268-00001-00

Darrell Oliver, 973-802-9627
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