The Barings Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for November 2024 of $0.1223 per share, payable on December 2, 2024. Based on the Fund’s October 31, 2024 share price of $15.35 per share, the dividend represents an annualized yield of 9.56% per share. Based on current projections through the payable date, the Fund expects that this dividend will be comprised of net investment income.

In addition, the Fund announced estimated monthly dividends of $0.1223 per share for December 2024 and January 2025. The dividends for November and December represent a 16% increase from previous estimates and are based on the assessment of current market conditions by Barings LLC, the Fund’s investment manager.

The dividend schedule appears below:

Month

Ex-Date

Record Date

Payable Date

Amount1

November

11/20/2024

11/20/2024

12/02/2024

$0.1223

December

12/20/2024

12/20/2024

01/02/2025

$0.1223

January

01/22/2025

01/22/2025

02/03/2025

$0.1223

The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned. A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain or return of capital. The final determination of the source and tax characteristics of these distributions will depend upon the Fund’s investment experience during its fiscal year and will be made after the Fund’s year end. The Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes.

The Fund is a non-diversified, closed-end management investment company that is managed by Barings 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 Barings 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.

Past performance is not necessarily indicative of future results.

About Barings

Barings is a $431+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*Assets under management as of September 30, 2024

________________________ 1 Amounts represent estimates for December and January.

MediaRelations@barings.com

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