Babson Capital Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for March 2016 of $0.1534 per share, payable on April 1, 2016. Based on the Fund’s February 29, 2016 share price of $15.48 per share, the distribution represents an annualized yield of 11.89% per share.
Babson Capital Management, a global asset management firm with approximately $223 billion in assets under management, announced today that it led the Term Loan B issuance in a $135 million credit facility to Cambium Learning Inc. Babson also served as co-documentation agent on the transaction, which included revolving credit and term loan facilities.
Babson Capital Management LLC, the investment manager for Babson Capital Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH), announced that it has agreed contractually to waive a portion of its management and other fees, equal to an annual rate of 0.275% of the Fund’s Managed Assets for a period of one year retroactively commencing on January 1, 2016.
Babson Capital Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) will host its quarterly investor conference call to discuss the Fund’s investment positioning, recent performance and market outlook.
The Board of Trustees of Babson Capital Participation Investors (the "Trust") met on January 22, 2016.
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