The Barings Global Short Duration High Yield Fund (NYSE: BGH) has announced its monthly dividend for April 2024, amounting to $0.1056 per share, payable on April 1, 2024. Calculated based on the Fund’s share price as of March 28, 2024, at $14.30 per share, this dividend offers an annualized yield of 8.86% per share. The Fund anticipates that this dividend will primarily consist of net investment income.
Furthermore, the Fund has disclosed estimated monthly dividends of $0.1056 per share for May 2024 and June 2024.
The dividend schedule is outlined as follows:
- April
- Ex-Date: 04/19/2024
- Record Date: 04/22/2024
- Payable Date: 05/01/2024
- Amount: $0.1056 per share
- May
- Ex-Date: 05/21/2024
- Record Date: 05/22/2024
- Payable Date: 06/03/2024
- Amount: $0.1056 per share
- June
- Ex-Date: 06/19/2024
- Record Date: 06/20/2024
- Payable Date: 07/01/2024
- Amount: $0.1056 per share
The Fund’s objective is to distribute income earned through investments. However, a portion of each distribution may originate from sources other than net investment income, such as short-term capital gain, long-term capital gain, or return of capital. The determination of the source and tax characteristics of these distributions will be made after the Fund’s fiscal year end. Investors will receive a Form 1099-DIV for the calendar year, specifying how to report these distributions for federal income tax purposes.
Managed by Barings LLC, the Fund primarily invests in short-duration, global high yield bonds, aiming to achieve a high level of current income while preserving capital and potentially realizing capital appreciation. It maintains a weighted average portfolio duration, including leverage effects, of 3 years or less.
Please note that certain statements in this press release may be forward-looking and subject to risks and uncertainties. Investors are advised not to rely solely on forward-looking statements as they reflect management’s estimates, projections, expectations, or beliefs at the time of their issuance. Past performance does not guarantee future results.
