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Babson Capital Global Short Duration High Yield Fund announces manager voluntary fee waiver

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Babson Capital Management, the investment manager for Babson Capital Global Short Duration High Yield Fund, has agreed contractually to waive a portion of its management and other fees, equal to an annual rate of 0.275 per cent of the Fund's Managed Assets for a period of one year retroactively commencing on 1 January, 2016. 

Such waived fees are not subject to recoupment from the Fund. 
 
In addition, the Fund announced its monthly dividend for February 2016 of USD0.1534 per share, payable on 1 March, 2016. This amount represents a 5.0 per cent reduction from previous estimates and is based on Babson's assessment of current market conditions.  Based on the Fund's January 29, 2016 share price of USD15.53 per share, the distribution represents an annualised yield of 11.85 per cent per share. Based on current projections through the payable date, the Fund expects that this distribution will be comprised of net investment income.

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