Babson Capital Global Short Duration High Yield Fund Announces June 2014 Monthly Distribution of $0.1677 per Share
10 June 2014 - 3:28AM
Business Wire
Babson Capital Global Short Duration High Yield Fund (the
“Fund”) (NYSE: BGH) announced its monthly dividend for June 2014 of
$0.1677 per share payable on July 1, 2014. Based on the Fund’s May
30, 2014 share price of $24.50 per share, the distribution
represents an annualized yield of 8.21% per share. Based on current
projections through the payable date, the Fund expects that this
distribution will be comprised of net investment income.
Additionally, the Fund announced estimated monthly distributions
of $0.1677 per share for July 2014 and August 2014. The
distribution schedule appears below:
Month
Ex-Date Record
Date Payable
Date
Amount1 June 6/18/2014
6/20/2014 7/01/2014 $0.1677 July 7/21/2014 7/23/2014 8/01/2014
$0.1677 August 8/19/2014 8/21/2014 9/02/2014 $0.1677
1 Amounts represent estimates for July and August.
The Fund is a non-diversified, closed-end management investment
company that is managed by Babson Capital Management 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
Babson Capital 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.
Because the Fund is newly organized, its shares have a limited
history of public trading. Investors should read the Fund’s
prospectus and consider carefully the risks, investment objectives,
charges and expenses associated with an investment in the Fund’s
common shares. For a copy of the prospectus, please contact your
securities representative.
About Babson Capital
Babson Capital Management LLC (Babson Capital) is a leading
global asset management firm with over $198 billion in assets under
management as of March 31, 2014. Through proprietary research,
analysis and a focus on investment fundamentals, the firm and its
global subsidiaries develops products and strategies that leverage
its broad expertise in global fixed income, structured products,
middle market finance, commercial real estate, alternatives and
equities. Babson Capital maintains a strong global footprint, with
operations on four continents and clients in over 20 countries.
Babson Capital is a member of the MassMutual Financial Group. Learn
more at www.babsoncapital.com.
14/962
Luquire George AndrewsDavid Coburn, 704-552-6565,
704-408-4276coburn@lgapr.com
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