Barings Global Short Duration High Yield Fund Announces May 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 May 2024, payable on June 3, 2024. This dividend, based on an April 30, 2024, share price of $13.93, represents an annualized yield of 9.10% per share. The Fund also estimated similar monthly dividends for June and July 2024. These dividends are expected to be primarily from net investment income. However, they may include short-term or long-term capital gains, or return of capital. The Fund is a non-diversified, closed-end management investment company focused on short-duration, global high-yield bonds, aiming for high current income and capital preservation, with a secondary goal of capital appreciation. The Fund's weighted average portfolio duration, including leverage effects, is expected to be three years or less.

Positive

• Monthly dividend of $0.1056 per share announced for May 2024.
• Annualized dividend yield of 9.10% based on April 30 share price.
• Estimated consistent dividends for June and July 2024.
• Dividends expected primarily from net investment income.
• Fund's objective includes high current income and capital preservation.
• Weighted average portfolio duration expected to be three years or less.

Negative

• Dividend may include sources other than net investment income, such as returns of capital.
• Uncertainty in the final determination of the source and tax characteristics of distributions.
• Non-diversified nature of the Fund could increase risk.

CHARLOTTE, N.C.--(BUSINESS WIRE)-- The Barings Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for May 2024 of $0.1056 per share, payable on June 3, 2024. Based on the Fund’s April 30, 2024 share price of $13.93 per share, the dividend represents an annualized yield of 9.10% 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 June 2024 and July 2024.

The dividend schedule appears below:

Month	Ex-Date	Record Date	Payable Date	Amount1
May	05/21/2024	05/22/2024	06/03/2024	$0.1056
June	06/20/2024	06/20/2024	07/01/2024	$0.1056
July	07/23/2024	07/23/2024	08/01/2024	$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.

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

¹ Amounts represent estimates for June and July.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240509300348/en/

MediaRelations@barings.com

Source: Barings

FAQ

What is the dividend amount for Barings Global Short Duration High Yield Fund in May 2024?

The dividend amount for May 2024 is $0.1056 per share.

When is the payable date for the May 2024 dividend of BGH?

The payable date for the May 2024 dividend is June 3, 2024.

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

The annualized yield of the May 2024 dividend is 9.10% per share.

Will BGH pay dividends in June and July 2024?

Yes, estimated dividends for June and July 2024 are $0.1056 per share.

What types of income will BGH's dividends be composed of?

Dividends are expected to be primarily from net investment income but may include short-term or long-term capital gains or return of capital.

What is the portfolio duration target for BGH?

The Fund expects to maintain a weighted average portfolio duration of three years or less.