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©Reuters.
CHARLOTTE, N.C. – Barings Global Short Duration High Yield Fund (NYSE: BGH) announces monthly dividend for January 2024 of $0.1056 per share, with payment scheduled on February 1, 2024 Did. Dividends are based on the fund’s stock price. As of December 29, 2023, it is valued at $13.44, equivalent to an annualized yield of 9.43%.
The fund also maintained monthly distributions and disclosed expected dividends of the same amount for February and March 2024. These estimates are subject to change and depend on the Fund’s investment performance.
Managed by Barings LLC, the Fund is a non-diversified, closed-end managed investment company focused on short-term global high-yield fixed income securities. The objective is to achieve high current profits consistent with capital preservation, and capital growth is also a secondary objective. The Fund expects to maintain a weighted average portfolio duration of three years or less, including the effects of leverage.
Dividend distributions can come from a variety of sources, including net investment income, capital gains, and return of capital. The exact composition of the dividends will be confirmed after the end of the Fund’s fiscal year, and investors will receive a Form 1099-DIV outlining the federal tax report for these dividends.
Barings, the Fund’s manager, is a global investment firm with over $347 billion in assets under management as of September 30, 2023. The company operates across multiple asset classes and geographies.
The information provided in this announcement is based on statements in the press release and contains forward-looking statements.
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