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11630 SW 97 Street, Miami, Florida 33176, US
11630 SW 97 Street, Miami, Florida 33176, US
The Barings Global Short Duration High Yield Fund announced its monthly dividend for April 2021 of $0.1056 per share, payable on May 3, 2021. Based on the Fund’s March 31, 2021 share price of $16.08 per share, the distribution represents an annualized yield of 7.88% per share. Based on current projections through the payable date, the Fund expects that this distribution will be comprised of net investment income.
In addition, the Fund announced estimated monthly distributions of $0.1056 per share for May 2021 and June 2021.
The distribution schedule appears below:
|
Month |
Ex-Date |
Record Date |
Payable Date |
Amount1 |
|
April |
04/21/2021 |
04/22/2021 |
05/03/2021 |
$0.1056 |
|
May |
05/19/2021 |
05/20/2021 |
06/01/2021 |
$0.1056 |
|
June |
06/21/2021 |
06/22/2021 |
07/01/2021 |
$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.
About Barings
Barings is a $345 billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. Learn more at www.barings.com.
*Assets under management as of December 31, 2020
Contact
Fred Hawrysh, Barings, 203.246.1205, fred.hawrysh@barings.com
21-1591704
