GHY Overview

• Distribution Amounts Announced: PGIM High Yield Bond Fund (ISD), PGIM Global High Yield Fund (GHY), and PGIM Short Duration High Yield Opportunities Fund (SDHY) declared monthly distributions for March, April, and May 2026, with per-share amounts set at $0.105 and $0.108, indicating fund stability.
• Distribution Schedule: The distribution dates have been confirmed, with the ex-dividend date for March set for March 12, the record date also on March 12, and the payment date on March 31, ensuring timely returns for investors.
• Future Tax Information: In early 2027, each fund will send shareholders a Form 1099-DIV, detailing the tax characterization of distributions, which aids investors in tax reporting and enhances transparency.
• Investment Risk Advisory: Investing in these high-yield bond funds carries significant credit and market risks, potentially leading to principal loss, necessitating investors to carefully assess their investment objectives and risk tolerance.

• Distribution Announcement: PGIM High Yield Bond Fund (ISD), PGIM Global High Yield Fund (GHY), and PGIM Short Duration High Yield Opportunities Fund (SDHY) declared monthly distributions of $0.105 and $0.108 per share for December 2025 and January-February 2026, reflecting the company's commitment to providing returns to investors.
• Distribution Schedule: The distributions are scheduled to be paid on December 31, 2025, January 8, 2026, and February 27, 2026, ensuring timely returns for investors and enhancing confidence in the funds.
• Investor Information: Each fund will send shareholders a Form 1099-DIV in early 2026, detailing the classification of distributions for tax reporting purposes, demonstrating the company's emphasis on transparency and compliance.
• Risk Advisory: Investing in these high-yield bond funds carries significant credit and market risks, necessitating careful evaluation of potential principal loss risks, which underscores the importance of investor education and risk management.

PGIM High Yield Bond Funds Announce Distributions

• Distribution Details: PGIM High Yield Bond Fund, Inc. (ISD), PGIM Global High Yield Fund, Inc. (GHY), and PGIM Short Duration High Yield Opportunities Fund (SDHY) have declared monthly distributions for September, October, and November 2025. Each fund will distribute $0.105 per share for ISD and GHY, and $0.108 per share for SDHY.

• Distribution Schedule: The ex-dates, record dates, and payable dates for the distributions are as follows:

  • September: Ex-Date 9/11/2025, Record Date 9/11/2025, Payable Date 9/30/2025
  • October: Ex-Date 10/16/2025, Record Date 10/16/2025, Payable Date 10/31/2025
  • November: Ex-Date 11/13/2025, Record Date 11/13/2025, Payable Date 11/28/2025

Fund Characteristics and Risks

• Investment Composition: The distributions may include net investment income, currency gains, capital gains, and a return of capital, although specific details will be provided later. Shareholders will receive a Form 1099-DIV in early 2026 for tax reporting purposes.

• Investment Risks: The funds invest in high yield ("junk") bonds, which carry higher credit and market risks, including the risk of default. They also invest in derivative securities, foreign securities, and emerging markets, all of which come with additional risks such as currency fluctuations and political uncertainty.

About PGIM Investments

• Company Overview: PGIM Investments, LLC manages over 100 funds globally, leveraging PGIM’s diversified investment platform. PGIM, the asset management arm of Prudential Financial, Inc., manages more than $1.44 trillion in assets across various asset classes.

• Investment Strategy: PGIM employs a multi-affiliate model to provide specialized expertise in key asset classes, offering clients a diverse range of investment strategies and solutions. The firm emphasizes disciplined risk management and has a legacy of strength and stability spanning 150 years.

Important Considerations

• Investment Risks: Investments in closed-end funds are speculative and involve a high degree of risk, including potential loss of principal. Each fund has unique strategies, risks, charges, and expenses that investors should consider.

• Consultation Advice: The information provided is for educational purposes and does not constitute investment advice. Clients are encouraged to consult with financial professionals for personalized investment guidance.

• Distribution Announcements: PGIM High Yield Bond Fund, PGIM Global High Yield Fund, and PGIM Short Duration High Yield Opportunities Fund have declared monthly distributions for June, July, and August 2025, with amounts remaining unchanged from prior distributions.

• Investment Risks: The funds invest in high yield bonds and other securities, which carry significant risks including credit risk, market volatility, and potential loss of principal; investors are advised to consult financial professionals before investing.

• Market Behavior in April: Despite a tumultuous month for stocks, the S&P 500 ended flat, highlighting the importance of diversification as corporate bonds, particularly through closed-end funds like PGIM Global High Yield Fund (GHY), outperformed equities with strong yields.

• Investment Opportunities: The high dividends from GHY provide a safety net against forced losses during market downturns, and irrational investor behavior can create opportunities to invest in undervalued assets, emphasizing the benefits of monthly dividend payers for steady income.

• Distribution Announcement: PGIM High Yield Bond Fund, PGIM Global High Yield Fund, and PGIM Short Duration High Yield Opportunities Fund have declared monthly distributions for March, April, and May 2025, with distribution amounts remaining unchanged from prior distributions.

• Investment Risks: The funds invest in high yield bonds and other securities that carry significant risks, including credit risk, market risk, and interest rate risk, and potential investors are advised to consult financial professionals before investing.