CHARLOTTE, N.C., Sept. 07, 2016 (GLOBE NEWSWIRE) -- The Board of Trustees of Babson Capital Global Short Duration High Yield Fund (the “Trust”) today announced that the Trust will change its name to Barings Global Short Duration High Yield Fund effective on September 12, 2016. The name change is intended to clarify the Trust’s relationship to Babson Capital Management LLC (“Babson Capital”), its investment adviser, which concurrently is changing its name to Barings LLC. The name changes are being effected in connection with Babson Capital’s previously-announced combination with two of its subsidiaries, Cornerstone Real Estate Advisers and Wood Creek Capital Management, and its sister company, Baring Asset Management Limited. This internal consolidation will not result in a change-of-control of Babson Capital under Rule 2a-6 of the Investment Company Act of 1940.
The investment objectives, management and all other aspects of the Trust will remain unchanged. The New York Stock Exchange ticker symbol for the Trust’s common shares (BGH) will remain the same.
Babson Capital Global Short Duration High Yield Fund is a closed-end management investment company advised by Babson Capital Management LLC., a member of the MassMutual Financial Group. Its shares are traded on the New York Stock Exchange under the trading symbol (“BGH”).
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 on 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.
Contact: Brian Whelan, Babson Capital Management, 704.805.7244, firstname.lastname@example.org
Source:Babson Capital Management