Barings Global Short Duration High Yield Fund Announces October 2023 Monthly Distribution of $0.1056 per Share
Barings Global Short Duration High Yield Fund (NYSE:BGH) has recently announced its monthly dividend for October 2023, bringing good news to its investors. The Fund will be paying out a dividend of $0.1056 per share, which is payable on November 1, 2023. With the Fund’s share price at $12.70 per share as of September 29, 2023, this dividend represents an annualized yield of 9.98% per share. It is expected that this dividend will be comprised of net investment income, according to the Fund’s projections.
In addition to the October dividend, the Fund has also announced estimated monthly dividends of $0.1056 per share for both November and December 2023. This consistent dividend schedule provides investors with a sense of stability and the potential for ongoing income.
The Fund aims to pay distributions that reflect the net investment income actually earned. While a portion of each distribution may come from sources other than net investment income, such as short-term capital gain or return of capital, the final determination of the source and tax characteristics of these distributions will be made after the Fund’s year end. Investors will receive a Form 1099-DIV for the calendar year, which will provide guidance on how to report these distributions for federal income tax purposes.
Managed by Barings LLC, the Fund is a non-diversified, closed-end management investment company. Its primary focus is on investing in short-duration, global high yield bonds, with the objective of achieving a high level of current income while preserving capital. Additionally, the Fund aims for capital appreciation as a secondary objective. With a weighted average portfolio duration, including the effects of leverage, of 3 years or less, the Fund maintains a prudent investment strategy.
Barings LLC, the manager of the Fund, is a globally recognized investment manager with over $351 billion in assets under management as of June 30, 2023. The firm specializes in sourcing differentiated opportunities across various markets, including public and private fixed income, real estate, and specialist equity markets. With investment professionals located in North America, Europe, and Asia Pacific, Barings is committed to serving its clients, communities, and employees while adhering to sustainable practices and responsible investment.
It is important to note that forward-looking statements contained in this press release should not be relied upon as investment advice or an indication of the Fund’s trading intent. These statements are subject to change based on economic, market, or other conditions and may not accurately predict future results. However, Barings LLC is dedicated to providing its investors with the best possible investment opportunities and maintaining transparent communication.
Overall, the Barings Global Short Duration High Yield Fund’s announcement of its monthly dividends for October, November, and December 2023 reflects its commitment to delivering consistent income to its investors. With a focus on capital preservation and a diversified investment strategy, the Fund continues to provide opportunities for investors seeking attractive yields in the global high yield bond market.