Barings Global Short Duration High Yield Fund Announces July 2024 Monthly Distribution of $0.1056 per Share

Rhea-AI Summary

The Barings Global Short Duration High Yield Fund (NYSE: BGH) has announced its monthly dividend for July 2024 of $0.1056 per share, payable on August 1, 2024. This represents an annualized yield of 8.77% based on the June 28, 2024 share price of $14.45. The fund also estimated monthly dividends of the same amount for August and September 2024. The distribution schedule includes ex-dates, record dates, and payable dates for each month. The fund primarily invests in short-duration, global high-yield bonds aiming for high current income and capital preservation, with an average portfolio duration of 3 years or less. Dividends are expected to come from net investment income, but they may also include other sources like capital gains. Final tax characteristics will be reported to investors on Form 1099-DIV.

CHARLOTTE, N.C.--(BUSINESS WIRE)-- The Barings Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for July 2024 of $0.1056 per share, payable on August 1, 2024. Based on the Fund’s June 28, 2024 share price of $14.45 per share, the dividend represents an annualized yield of 8.77% per share. Based on current projections through the payable date, the Fund expects that this dividend will be comprised of net investment income.

In addition, the Fund announced estimated monthly dividends of $0.1056 per share for August 2024 and September 2024.

The dividend schedule appears below:

Month		Ex-Date		Record Date		Payable Date		Amount1
July		07/23/2024		07/23/2024		08/01/2024		$0.1056
August		08/22/2024		08/22/2024		09/03/2024		$0.1056
September		09/20/2024		09/20/2024		10/01/2024		$0.1056

The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned. A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain or return of capital. The final determination of the source and tax characteristics of these distributions will depend upon the Fund’s investment experience during its fiscal year and will be made after the Fund’s year end. The Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes.

The Fund is a non-diversified, closed-end management investment company that is managed by Barings 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 Barings 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.

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1 Amounts represent estimates for August and September.

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.

Past performance is not necessarily indicative of future results.

About Barings

Barings is a $406+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*As of March 31, 2024

View source version on businesswire.com: https://www.businesswire.com/news/home/20240709424226/en/

MediaRelations@barings.com

Source: Barings

FAQ

What is the dividend amount for BGH in July 2024?

The dividend amount for BGH in July 2024 is $0.1056 per share.

When is the payable date for BGH's July 2024 dividend?

The payable date for BGH's July 2024 dividend is August 1, 2024.

What is the annualized yield of BGH's July 2024 dividend?

The annualized yield of BGH's July 2024 dividend is 8.77% per share.

What are the estimated dividend amounts for BGH in August and September 2024?

The estimated dividend amounts for BGH in August and September 2024 are $0.1056 per share each.

What is the ex-date for BGH's July 2024 dividend?

The ex-date for BGH's July 2024 dividend is July 23, 2024.

What is the record date for BGH's August 2024 dividend?

The record date for BGH's August 2024 dividend is August 22, 2024.

What type of investments does BGH focus on?

BGH focuses on short-duration, global high-yield bonds.

What is the portfolio duration target for BGH?

BGH aims to maintain a weighted average portfolio duration of 3 years or less.

How will BGH's dividends be reported for tax purposes?

BGH's dividends will be reported to investors on Form 1099-DIV for federal income tax purposes.