PGIM High Yield Bond Fund, Inc. and PGIM Global High Yield Fund, Inc. declare an increase in distributions for September, October and November 2019

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) and PGIM Global High Yield Fund, Inc. (NYSE:GHY) declared today that the funds will increase monthly distributions for September, October and November 2019. This is the second time the funds have increased their respective monthly distributions within the last six months. The distribution amounts and schedule for each fund appears below:

Fund Name

Ticker

Distribution
Per Share

Change from
Prior
Distribution

PGIM High Yield Bond Fund, Inc.
(formerly, PGIM Short Duration High Yield Fund, Inc.)

ISD

$0.105

$0.005

PGIM Global High Yield Fund, Inc.
(formerly, PGIM Global Short Duration High Yield Fund, Inc.)

GHY

$0.105

$0.005

The increased distribution amounts result in a market price distribution rate of 8.81% for ISD and 8.94% for GHY as of August 23, 2019.

Month	Ex-Date	Record Date	Payable Date
September	9/12/2019	9/13/2019	9/30/2019
October	10/10/2019	10/11/2019	10/31/2019
November	11/14/2019	11/15/2019	11/29/2019

The distribution amounts are forward-looking and may include net investment income, currency gains, capital gains and a return of capital, but such a determination cannot be made at this time. This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund’s distributions that have been declared by the applicable Board of Directors. In early 2020, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, long-term capital gain or return of capital). If applicable, and when available, a current estimate of the distribution’s composition can be found in the Section 19 notice section of the website. Please consult your tax advisor for further information.