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

Rhea-AI Summary

The Barings Global Short Duration High Yield Fund (NYSE: BGH) announced a monthly dividend of $0.1056 per share for June 2024, payable on July 1, 2024. Based on the May 31, 2024 share price of $14.19, this translates to an annualized yield of 8.93%. The Fund also projected similar dividends for July and August 2024.

The dividend will likely be derived from net investment income but may include other sources such as capital gains or return of capital. Final determinations will be provided on Form 1099-DIV at year-end for tax purposes. The Fund focuses on short-duration global high-yield bonds, aiming for high current income and capital preservation, with a secondary goal of capital appreciation. The portfolio's average duration is expected to remain at 3 years or less.

Positive

• Monthly dividend of $0.1056 per share for June 2024.
• Annualized yield of 8.93% based on the share price as of May 31, 2024.
• Projections indicate similar dividends for July and August 2024.
• Focus on short-duration global high-yield bonds.
• Objective of high current income and capital preservation.
• Secondary goal of capital appreciation.

Negative

• Dividend may include other sources such as capital gains or return of capital.
• Final tax characteristics to be determined at year-end, introducing uncertainty.
• Non-diversified fund, which may pose higher risks.

CHARLOTTE, N.C.--(BUSINESS WIRE)-- The Barings Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for June 2024 of $0.1056 per share, payable on July 1, 2024. Based on the Fund’s May 31, 2024 share price of $14.19 per share, the dividend represents an annualized yield of 8.93% 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 July 2024 and August 2024.

The dividend schedule appears below:

Month	Ex-Date	Record Date	Payable Date	Amount1
June	06/20/2024	06/20/2024	07/01/2024	$0.1056
July	07/23/2024	07/23/2024	08/01/2024	$0.1056
August	08/22/2024	08/22/2024	09/03/2024	$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.

^{_________________________________
1} Amounts represent estimates for July and August.

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/20240605485997/en/

MediaRelations@barings.com

Source: Barings

FAQ

What is the dividend amount for BGH in June 2024?

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

When is the dividend for June 2024 payable?

The dividend for June 2024 is payable on July 1, 2024.

What is the annualized yield of the BGH dividend announced for June 2024?

The annualized yield of the BGH dividend announced for June 2024 is 8.93%.

When are the ex-dividend and record dates for BGH's June 2024 dividend?

The ex-dividend and record dates for BGH's June 2024 dividend are both June 20, 2024.

Are there estimated dividends for BGH in July and August 2024?

Yes, estimated dividends for BGH in July and August 2024 are $0.1056 per share each.

What is the investment focus of the Barings Global Short Duration High Yield Fund?

The fund focuses on short-duration global high-yield bonds aiming for high current income and capital preservation.

How will the final tax characteristics of BGH's dividends be determined?

The final tax characteristics will be provided on Form 1099-DIV at the end of the year.