Babson Capital Global Short Duration High Yield Fund has announced its monthly dividend for January 2014 of $0.1677 per share payable on February 3, 2014.
Based on the Fund’s December 31, 2013 share price of US$23.12 per share, the distribution represents an annualized yield of 8.70% per share. Based on current projections through the payable date, the Fund expects that this distribution will be comprised of net investment income.
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Additionally, the Fund announced estimated monthly distributions of US$0.1677 per share for February 2014 and March 2014. The distribution schedule appears below:
The Fund is a non-diversified, closed-end management investment company that is managed by Babson Capital Management LLC.
The Fund invests primarily in short-duration, global high yield bonds with the objective of seeking as high a level of current income as Babson Capital determines is consistent with capital preservation, with a secondary objective of capital appreciation. The Fund expects to maintain a weighted average portfolio duration, including the effects of leverage, of 3 years or less.
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