Babson Capital Global Short Duration High Yield Fund Announces September 2016 Monthly Distribution of $0.1534 per Share

CHARLOTTE, N.C., Sept. 06, 2016 (GLOBE NEWSWIRE) -- Babson Capital Global Short Duration High Yield Fund (the “Fund”) (NYSE:BGH) announced its monthly dividend for September 2016 of $0.1534 per share, payable on October 3, 2016.  Based on the Fund’s August 31, 2016 share price of $18.77 per share, the distribution represents an annualized yield of 9.81% per share.  Based on current projections through the payable date, the Fund expects that this distribution will be comprised of net investment income.

Additionally, the Fund announced estimated monthly distributions of $0.1534 per share for October 2016 and November 2016.  The distribution schedule appears below:

The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned. A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain or return of capital. The final determination of the source and tax characteristics of these distributions will depend upon the Fund’s investment experience during its fiscal year and will be made after the Fund’s year end. The Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes.

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.

_______________________
¹ Amounts represent estimates for October and November. 

Cautionary Notice: Certain statements contained in this press release may be "forward looking" statements.  Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date in which they are made and which reflect management’s current estimates, projections, expectations or beliefs, and which are subject to risks and uncertainties that may cause actual results to differ materially.  These statements are subject to change at any time based upon economic, market or other conditions and may not be relied upon as investment advice or an indication of the fund's trading intent.  References to specific securities are not recommendations of such securities, and may not be representative of the fund's current or future investments.  We undertake no obligation to publicly update forward looking statements, whether as a result of new information, future events, or otherwise. 

Because the Fund is newly organized, its shares have a limited history of public trading. Investors should read the Fund’s prospectus and consider carefully the risks, investment objectives, charges and expenses associated with an investment in the Fund’s common shares. For a copy of the prospectus, please contact your securities representative.

About Babson Capital Management

Babson Capital Management LLC is one of the world’s leading asset management firms, with over $243 billion in assets under management as of June 30, 2016. Through proprietary research, analysis and a focus on investment fundamentals, the firm and its global affiliates develop products and strategies that leverage its broad expertise in global fixed income, structured products, middle market finance, commercial real estate, alternatives and equities.  A member of the MassMutual Financial Group, Babson maintains a strong global footprint with operations on four continents and clients in over 20 countries. Learn more at www.babsoncapital.com

16/1997