Barings World Quick Length Excessive Yield Fund publicizes a month-to-month distribution of $ 0.1056 per share for December 2020

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(PRNewsfoto/Barings)

CHARLOTTE, NC, 4th December 2020 / PRNewswire / – The Barings Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for December 2020 from $ 0.1056 payable per share on January 4th, 2021. Based on the fund November 30, 2020 Share price from $ 14.46 The stock corresponds to an annualized return of 8.76% per share. Based on current forecasts up to the Maturity Date, the Fund expects that this distribution will consist of net investment income.

The Fund’s Board of Trustees also voted for the Fund to retain any excess net investment income from the Fund in 2020 for future growth and pay the required federal excise tax on it.

In addition, the fund announced estimated monthly distributions of $ 0.1056 per share for January 2021 and February 2021.

The distribution plan is shown below:

month

Ex date

Recording date

date of payment

Amount 1

December

December 21, 2020

12/22/2020

01/04/2021

$ 0.1056

January

01/20/2021

01/21/2021

02/01/2021

$ 0.1056

February

02/17/2021

02/18/2021

03/01/2021

$ 0.1056

The Fund aims to pay a distribution at a rate that reflects the actual net investment income. A portion of any 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 on capital. The final determination of the source and tax characteristics of these distributions will depend on the investment experience of the Fund during its financial year and will be made after the Fund’s year-end. The fund sends investors a Form 1099-DIV for the calendar year, which specifies how these distributions are to be reported for federal income tax purposes.

The Fund is a non-diversified, closed-ended management investment company managed by Barings LLC. The fund invests primarily in short term global high yield bonds with the aim of generating as high a current income as Barings determines that is consistent with capital preservation, with the secondary aim of capital appreciation. The Fund assumes that the weighted average portfolio duration, including the effects of leverage, is 3 years or less.

Cautionary Note: Certain statements 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 of their publication and which reflect management’s current estimates, projections, expectations or beliefs and are subject to risks and uncertainties that could cause actual results to differ considerable. These statements are subject to change at any time due to economic, market or other conditions and cannot be relied on as investment advice or as an indication of the Fund’s trading intentions. References to certain securities are not recommendations for such securities and may not be representative of the Fund’s current or future investments. We assume no obligation to publicly update any forward-looking statements as a result of new information, future events or for any other reason.

Past performance is not necessarily an indication of future results.

About barings

Barings is a global investment manager, with revenues of over $ 354 billion *, sourcing differentiated opportunities and building long-term portfolios in public and private bond, real estate, and specialized equity markets. With investment professionals in North America, Europe and Asia PacificThe company, a subsidiary of MassMutual, aims to serve its customers, communities and employees and is committed to sustainable practices and responsible investing. Learn more at www.barings.com.
* Managed assets down September 30, 2020

Contact: Cheryl Krauss, Barings, 980.417.5858, [email protected]

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1 The amounts are estimates for January and February.

SOURCE Barings

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