Closed-End Funds

Closed-End Funds

The Prudential Short Duration High Yield Fund invests in high yield (”junk”) bonds, which are subject to greater credit and market risks; derivative securities, which may carry market, credit, and liquidity risks; foreign securities, which are subject to currency fluctuation and political uncertainty; and emerging markets securities, which are subject to greater volatility and price declines. Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise. There are fees and expenses involved with investing in the Fund. Diversification does not assure a profit or protect against a loss in declining markets. There is no guarantee that dividends or distributions will be paid.

The Prudential Global Short Duration High Yield Fund invests in high yield (”junk”) bonds, which are subject to greater credit and market risks; derivative securities, which may carry market, credit, and liquidity risks; foreign securities, which are subject to currency fluctuation and political uncertainty; and emerging markets securities, which are subject to greater volatility and price declines. Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise. There are fees and expenses involved with investing in the Fund. Diversification does not assure a profit or protect against a loss in declining markets. There is no guarantee that dividends or distributions will be paid.

Market Price is the closing price of a closed-end fund as of the latest trading day on the New York Stock Exchange. NAV (Net Asset Value) is total assets less total liabilities divided by the number of shares outstanding. Premium/Discount is the percent difference between the Market price and the NAV. There is no guarantee you will receive the stated Premium/Discount and additional fees may result from individual broker fees and transaction costs in the secondary market. Distribution Rate is calculated by annualizing the amount of the most recent distribution paid, excluding special distributions, divided by the previous trading day’s closing market price or NAV. As of 10/31/2017, the Prudential Short Duration High Yield Fund estimates that the most recent distribution will be paid from: 100% investment income;  0% net realized currency gains; 0% net realized capital gains; and 0% return of capital. As of 10/31/2017, the  Prudential Global Short Duration High Yield Fund estimates that the most recent distribution will be paid from: 98% investment income; 0% net realized currency gains; 0% net realized capital gains; and 2% return of capital. For more information about a distribution’s composition, refer to the distribution press release or Section 19 notices located above.

 

0236799-00008-00 Ed. 03/2016