Barings Global Short Duration High Yield Fund Announces February 2025 Monthly Distribution of $0.1223 per Share
10 Fevereiro 2025 - 5:30PM
Business Wire
The Barings Global Short Duration High Yield Fund (the “Fund”)
(NYSE: BGH) announced its monthly dividend for February 2025 of
$0.1223 per share, payable on March 3, 2025. Based on the Fund’s
January 31, 2025 share price of $15.96 per share, the dividend
represents an annualized yield of 9.20% per share. Based on current
projections through the payable date, the Fund expects that this
dividend will be comprised of net investment income.
The dividend schedule appears below:
Month
Ex-Date
Record
Date
Payable
Date
Amount1
February
02/19/2025
02/19/2025
03/03/2025
$0.1223
March
03/20/2025
03/20/2025
04/01/2025
$0.1223
April
04/21/2025
04/21/2025
05/01/2025
$0.1223
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 March and
April.
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 $421 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 December 31, 2024
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