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ISD - GHY: Deep Discount Remains But Coverage Still Moving In The Wrong Direction
September, 04 2022 02:32 AM
PGIM Short Duration High Yield Fund Inc.
Summary GHY is a high yield fund with a tilt towards global positions. The fund's distribution coverage was a point of concern, and it only looks set to get worse. The fund's discount is attractive, but I'd be cautious about expecting the double-digit distribution rate to continue without an adjustment. For further details see:
GHY: Deep Discount Remains, But Coverage Still Moving In The Wrong Direction
Stock Information
Company Name:
PGIM Short Duration High Yield Fund Inc.
Stock Symbol:
ISD
Market:
NYSE
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