Babson Capital Global Short Duration High Yield Fund

Babson Capital Global Short Duration High Yield Fund

Announces Monthly Distribution of $0.1677 per Share for May 2013

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babson Capital Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH  ) announced its monthly dividend for May 2013 of $0.1677 per share payable on June 3, 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. 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 $0.1677 per share for June 2013 and July 2013. The distribution schedule appears below:

Month

   

Ex-Date

   

Record Date

   

Payable Date

   

Amount 1

May 05/20/2013 05/22/2013 06/03/2013 $0.1677
June 06/18/2013 06/20/2013 07/01/2013 $0.1677
July 07/19/2013 07/23/2013 08/01/2013 $0.1677

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.

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 is a leading global investment management firm with over $180 billion in assets under management as of March 31, 2013. Through proprietary research, analysis and a focus on investment fundamentals, the firm and its subsidiaries develop products and strategies that leverage our broad expertise in global fixed income, equities, alternatives, structured products, debt financing for corporations and debt and equity financing for commercial real estate. Based in Boston and Springfield, Mass., and Charlotte, N.C., with offices in New York City, Chicago, and Los Angeles, the firm’s subsidiaries include Babson Capital Europe Limited in London, Babson Capital Australia Pty Ltd in Sydney, Cornerstone Real Estate Advisers LLC in Hartford, Conn., and Wood Creek Capital Management, LLC in New Haven, Conn. Babson Capital is a member of the MassMutual Financial Group. Learn more at www.BabsonCapital.com.

1 Amounts represent estimates for June and July.



Luquire George Andrews
David Coburn, 704-552-6565 or 704-408-4276
coburn@lgapr.com

KEYWORDS:   United States  North America  North Carolina

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