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Prudential Short Duration High Yield Fund, Inc. and Prudential Global Short Duration High Yield Fund, Inc. declare distributions for June, July and August 2014

May 28, 2014

NEWARK, N.J.--(BUSINESS WIRE)-- Prudential Short Duration High Yield Fund, Inc. (NYSE:ISD) andPrudential Global Short Duration High Yield Fund, Inc. (NYSE:GHY), declared today monthly distributions for June, July and August 2014. The distribution amounts and schedule for each fund appear below:

 
Fund Name     Ticker    

Distribution

Per Share

   

Change

From Prior

Distribution

Prudential Short Duration High Yield Fund, Inc.     ISD     $0.1225    
Prudential Global Short Duration High Yield Fund, Inc. GHY $0.1250
 
 

Month

   

Ex-Date

   

Record Date

   

Payable Date

June     6/18/2014     6/20/2014     6/30/2014
July     7/16/2014     7/18/2014     7/31/2014
August     8/19/2014     8/21/2014     8/29/2014
 


This press release is not for tax-reporting purposes but is being provided to announce the amount of each Fund’s distributions that have been declared by the applicable Board of Directors. In early 2015, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, long-term capital gain, or return of capital). As of the date of this press release, the Fund estimates that the distributions noted above will be paid from investment income. For more information about a distribution’s composition refer to the Section 19 notice section of the website. Please consult your tax advisor for further information.

Each Fund is a diversified, closed-end management investment company managed by Prudential Investments LLC and sub-advised by Prudential Fixed Income, a business unit of Prudential Investment Management, Inc. and an affiliate of the investment manager.

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

Prudential Financial, Inc., a financial services leader with over $1.1 trillion of assets under management as of March 31, 2014, 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 http://www.news.prudential.com.

These Funds invest 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 these Funds.

Prudential Fixed Income is a unit of Prudential Investment Management, Inc., which is a registered investment advisor and Prudential Financial company. © 2014 Prudential Financial, Inc. and its related entities. Prudential Investments LLC, 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: 0262471-00001-00



Prudential Financial, Inc.

Darrell Oliver,973-802-9627

Darrell.Oliver@prudential.com

Source: Prudential Financial, Inc.


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