PGIM Investments to host closed-end fund conference call

PGIM Investments announced it will host a conference call to provide
market commentary and product updates for PGIM Short Duration High Yield
Fund, Inc. (NYSE:ISD) and PGIM Global Short Duration High Yield Fund,
Inc. (NYSE:GHY).

The call will feature the Funds’ portfolio managers from PGIM Fixed
Income’s Leveraged Finance Team. During the call, they will discuss the
Funds’ performance and their current views and outlook on the high yield
market. The call will also include a question-and-answer session.

Details for the call, scheduled for Tuesday, July 17, 2018, including
dial-in information, can be found below. A replay of the call will be
available through August 17, 2018.

About PGIM and Prudential Financial, Inc.

With 15 consecutive years of positive third-party institutional net
flows, PGIM is the global asset management business of Prudential
Financial, Inc. (NYSE:PRU)
— a top-10 investment manager globally with more than $1 trillion in
assets under management, according to Pensions & Investments’ 2018
Top Money Managers List. PGIM’s businesses offer a range of investment
solutions for retail and institutional investors around the world across
a broad range of asset classes, including fundamental equity,
quantitative equity, public fixed income, private fixed income, real
estate and commercial mortgages. Its businesses have offices in 15
countries across four continents. For more information, please visit pgim.com.

Prudential’s additional businesses offer a variety of products and
services, including life insurance, annuities and retirement-related
services. For more information about Prudential, please visit news.prudential.com.

Data and commentary provided in this press release are for informational
purposes only. PGIM Investments LLC, the Investment Manager of the Fund,
and its affiliates do not engage in selling shares of the Fund. The Fund
is subadvised by PGIM Fixed Income, a business unit of PGIM, Inc. and an
affiliate of the investment manager.

An investment in closed-end fund’s common stock may be speculative in
that it involves a high degree of risk, should not constitute a complete
investment program, and may result in loss of principal. Each closed-end
fund will have its own unique investment strategy, risks, charges and
expenses that need to be considered before investing.

This material is being provided for informational or educational
purposes only and does not take into account the investment objectives
or financial situation of any client or prospective clients. The
information is not intended as investment advice and is not a
recommendation about managing or investing your retirement savings.
Clients seeking information regarding their particular investment needs
should contact a financial professional.

The 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.

PGIM Fixed Income is a unit of PGIM, Inc., which is a registered
investment advisor and Prudential Financial company. © 2018 Prudential
Financial, Inc. and its related entities. PGIM, the PGIM logo, and the
Rock symbol are service marks of Prudential Financial, Inc. and its
related entities, registered in many jurisdictions worldwide.

Investment products are not insured by the FDIC or any federal
government agency, may lose value, and are not a deposit of or
guaranteed by any bank or any bank affiliate.

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