CHARLOTTE, N.C., Sept. 10, 2014 /PRNewswire/ -- Babson Capital
Global Short Duration High Yield Fund (the "Fund") (NYSE: BGH)
announced its monthly dividend for September
2014 of $0.1677 per share
payable on October 1, 2014.
Based on the Fund's August 29, 2014
share price of $23.53 per share, the
distribution represents an annualized yield of 8.55% per
share. Based on current projections through the payable date,
the Fund expects that this distribution will be comprised of net
investment income.
Additionally, the Fund announced estimated monthly distributions
of $0.1677 per share for October 2014 and November 2014. The
distribution schedule appears below:
|
Month
|
Ex-Date
|
Record
Date
|
Payable
Date Amount
|
Amount[1]
|
|
September
|
9/18/2014
|
9/22/2014
|
10/01/2014
|
$0.1677
|
|
October
|
10/21/2014
|
10/23/2014
|
11/03/2014
|
$0.1677
|
|
November
|
11/17/2014
|
11/19/2014
|
12/01/2014
|
$0.1677
|
The Fund is a non-diversified, closed-end management investment
company that is managed by Babson Capital Management 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
Babson Capital 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.
Because the Fund is newly organized, its shares have a
limited history of public trading. Investors should read the Fund's
prospectus and consider carefully the risks, investment objectives,
charges and expenses associated with an investment in the Fund's
common shares. For a copy of the prospectus, please contact your
securities representative.
About Babson Capital
Babson Capital Management LLC (Babson) is a leading global asset
management firm with over $205
billion in assets under management as of June 30, 2014. Through proprietary research,
analysis and a focus on investment fundamentals, the firm and its
global affiliates develop products and strategies that leverage its
broad expertise in global fixed income, structured products, middle
market finance, commercial real estate, alternatives and
equities. A member of the MassMutual Financial Group, Babson
maintains a strong global footprint with operations on four
continents and clients in over 20 countries. Learn more at
www.babsoncapital.com
Media Contacts:
Brian Whelan, Babson Capital
Management, (704) 805-7244, bwhelan@babsoncapital.com
David Coburn, Luquire George
Andrews, (704) 552-6565, (704) 408-4276, coburn@lgapr.com.
14/1632
[1] Amounts represent estimates for October and
November.
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SOURCE Babson Capital Management LLC