PGIM Global High Yield Fund, Inc.

# PGIM Global High Yield Fund, Inc.

A closed-end fixed income mutual fund, GHY is launched and managed by PGIM Investments LLC, with co-management from PGIM Fixed Income. The fund invests in global fixed income markets, with a primary focus on high yield debt instruments rated Ba1 or lower by Moody's Investors Service or BB+ or lower by Standard & Poor's Ratings Services. The fund maintains a target weighted average maturity of five years or less, positioning it within the short-duration high yield segment of the fixed income market.

The fund generates revenue primarily through management fees charged on assets under management. Its investment strategy emphasizes diversification across geographic markets and high yield issuers, seeking to balance yield generation with credit quality considerations appropriate for the Ba1/BB+ and below rating categories. The fund was incorporated on December 26, 2012 and is domiciled in the United States, operating under a closed-end structure rather than traditional open-end mutual fund mechanics.

PGIM Investments LLC, the fund's manager and parent entity, operates as part of Prudential Financial, a diversified financial services organization. As a closed-end fund with approximately $0.5 billion in market capitalization, GHY functions as a managed investment vehicle rather than a traditional operating company, with revenue derived solely from investment management activities rather than product sales or service delivery.