Babson Capital to Ring NYSE Opening Bell Friday to Spotlight BGH
Event Celebrates Listing of Global Short Duration High Yield Fund
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babson Capital Management LLC, a global investment manager with more than $154 billion under management, will visit the New York Stock Exchange (NYSE) on Friday, December 7, to commemorate the October 2012 listing of the Babson Capital Global Short Duration High Yield Fund (the "Fund") (NYS: BGH) . In honor of the occasion, Babson Capital's Russ Morrison, Managing Director and Head of Global High Yield Investments and Anthony Sciacca, Managing Director and Head of Global Business Development will ring the NYSE Opening Bell.
The Fund, which began trading on the NYSE Oct. 26, invests primarily in short-duration, global high yield and targets a weighted average duration of three years or less. Last week, the Fund announced its initial monthly dividend of $0.1677 per share payable on Jan. 2, 2013. Based on the Fund's initial public offering price of $25.00 per share, the distribution represents an annualized yield of 8.05% per share.
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
Babson Capital Management LLC and its subsidiaries serve institutional investors around the globe and have over $154 billion in assets under management as of September 30, 2012. Through proprietary research and a focus on investment fundamentals, we develop products and strategies that leverage our broad array of expertise in global corporate debt markets, structured products, debt and equity financing for commercial real estate, and alternatives. Headquartered in Boston, the firm's subsidiaries include Cornerstone Real Estate Advisers LLC and Wood Creek Capital Management, LLC. Babson Capital is a member of the MassMutual Financial Group and is on the web at www.BabsonCapital.com.
Luquire George Andrews
David Coburn, 704-552-6565 or 704-408-4276
KEYWORDS: United States North America North Carolina
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