ARLOTTE, N.C. - The Barings Global Short Duration High Yield Fund (NYSE: BGH), a non-diversified closed-end management investment company, has announced a monthly dividend of $0.1056 per share for February 2024. The dividend is payable on March 1, 2024, to shareholders of record as of February 21, 2024, with an ex-date of February 20, 2024.
Based on the share price of $13.96 as of January 31, 2024, the announced dividend translates to an annualized yield of 9.08%. The Fund also provided estimates for the same monthly dividend amount for March and April 2024, with payment dates set for April 1 and May 1, respectively. The record dates for these dividends are March 20 and April 22, with ex-dates of March 19 and April 19.
The Fund's strategy focuses on investing primarily in short-duration, global high-yield bonds. It aims to provide a high level of current income, as determined by Barings, while preserving capital and with a secondary objective of capital appreciation. The Fund maintains a weighted average portfolio duration of 3 years or less, including the effects of leverage.
Barings LLC, which manages the Fund, is part of a global investment management firm with over $381 billion in assets as of December 31, 2023. The firm is a subsidiary of MassMutual and focuses on finding differentiated opportunities across various fixed income, real estate, and specialist equity markets.
This announcement is based on a press release statement.
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