The Barings Global Short Duration High Yield Fund (the "Fund") (NYSE:BGH) announced its monthly dividend for August 2023 of $0.1056 per share, payable on September 1, 2023. Based on the Fund's July 31, 2023 share price of $13.38 per share, the dividend represents an annualized yield of 9.47% 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 $0.1056 per share for September 2023 and October 2023.

The dividend schedule appears below:

Month	Ex-Date	Record Date	Payable Date	Amount¹
August	8/22/2023	8/23/2023	9/01/2023	$0.1056
September	9/20/2023	9/21/2023	10/02/2023	$0.1056
October	10/20/2023	10/23/2023	11/01/2023	$0.1056

The Fund also announced a special dividend of $0.1660 per share payable on September 1, 2023. This special dividend is being paid to allow the Fund to meet its 2022 distribution requirements as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. The Fund anticipates that this special dividend will be paid from net investment income.

The following dates apply to the special dividend:

Ex-Date	Record Date	Payable Date	Amount
8/22/2023	8/23/2023	9/01/2023	$0.1660

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¹ Amounts represent estimates for September and October.

The total amount to be paid on September 1, 2023, inclusive of the regular and special dividends, is $0.2716 per share.

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 $351+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.

*As of June 30, 2023

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