2025 PFI And Its Related Entities

In the United Kingdom, details is released by PGIM Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N5HR. PGIM Limited is authorised and managed by the Financial Conduct Authority ("FCA") of the UK (Firm Reference Number 193418). In the European Economic Area ("EEA"), information is issued by PGIM Netherlands B.V. with authorized office: Eduard van Beinumstraat 6 1077CZ, Amsterdam, The Netherlands. PGIM Netherlands B.V. is, authorised by the Autoriteit Financiële Markten ("AFM") in the Netherlands (Registration number 15003620) and running on the basis of a European passport. In particular EEA nations, information is, where allowed, provided by PGIM Limited in reliance of arrangements, exemptions or licenses available to PGIM Limited under temporary approval arrangements following the exit of the UK from the European Union. These materials are issued by PGIM Limited and/or PGIM Netherlands B.V. to persons who are expert customers as defined under the guidelines of the FCA and/or to persons who are professional clients as defined in the appropriate local implementation of Directive 2014/65/EU (MiFID II). In Italy, details is supplied by PGIM Limited licensed to operate in Italy by Commissione Nazionale per le Società e la Borsa (CONSOB). In Japan, details is offered by PGIM Japan Co., Ltd. ("PGIM Japan") and/or PGIM Real Estate (Japan) Ltd. ("PGIMREJ"). PGIM Japan, a signed up Financial Instruments Business Operator with the Financial Services Agency of Japan offers numerous financial investment management services in Japan. PGIMREJ is a Japanese genuine estate property supervisor that is signed up with the Kanto Local Finance Bureau of Japan. In Hong Kong, details is offered by PGIM (Hong Kong) Limited, a managed entity with the Securities & & Futures Commission in Hong Kong to expert financiers as defined in Section 1 of Part 1 of Schedule 1 of the Securities and Futures Ordinance (Cap. 571). In Singapore, information is released by PGIM (Singapore) Pte. Ltd. ("PGIM Singapore"), a controlled entity with the Monetary Authority of Singapore under a Capital Markets Services License to conduct fund management and an exempt financial advisor. This product is provided by PGIM Singapore for the basic details of "institutional investors" pursuant to Section 304 of the Securities and Futures Act 2001 of Singapore (the "SFA") and "certified financiers" and other relevant persons in accordance with the conditions defined in Section 305 of the SFA. In South Korea, info is provided by PGIM, Inc., which is certified to supply discretionary investment management services directly to South Korean qualified institutional financiers on a cross-border basis. In Australia, info is released by PGIM (Australia) Pty Ltd ("PGIM Australia") for the general info of its wholesale customers (as specified in the Corporations Act 2001). PGIM Australia is an Australian monetary services ("AFS") licence holder (AFS licence number 544946). The info is supplied to wholesale investors in accordance with Schedule 1, Clause 3 of the Financial Markets Conduct Act 2013 in New Zealand. To invest as a wholesale investor in New Zealand, financiers must fit the requirements as set out in the Financial Markets Conduct Act 2013. In China, the details is supplied at your demand and is not planned as investment advice or a suggestion about managing or investing properties.


In Canada, pursuant to the international consultant registration exemption in National Instrument 31-103, PGIM, Inc. is informing you that: (1) PGIM, Inc. is not signed up in Canada and is advising you in dependence upon an exemption from the advisor registration requirement under National Instrument 31-103; (2) PGIM, Inc.'s jurisdiction of house is New Jersey, U.S.A.; (3) there might be problem enforcing legal rights versus PGIM, Inc. since it is resident beyond Canada and all or significantly all of its properties may be positioned outside of Canada; and (4) the name and address of the agent for service of process of PGIM, Inc. in the applicable Provinces of Canada are as follows: in Québec: Borden Ladner Gervais LLP, 1000 de La Gauchetière Street West, Suite 900 Montréal, QC H3B 5H4; in British Columbia: Borden Ladner Gervais LLP, 1200 Waterfront Centre, 200 Burrard Street, Vancouver, BC V7X 1T2; in Ontario: Borden Ladner Gervais LLP, 22 Adelaide Street West, Suite 3400, Toronto, ON M5H 4E3; in Nova Scotia: Cox & & Palmer, Q.C., 1100 Purdy's Wharf Tower One, 1959 Upper Water Street, P.O. Box 2380 - Stn Central RPO, Halifax, NS B3J 3E5; in Alberta: Borden Ladner Gervais LLP, 530 Third Avenue S.W., Calgary, AB T2P R3.


Prudential Financial, Inc. of the United States is not associated in any manner with Prudential plc, incorporated in the UK or with Prudential Assurance Company, a subsidiary of M&G plc, included in the UK.


© 2025 PFI and its associated entities, signed up in numerous jurisdictions worldwide.


These products are for informational or instructional functions only.


All investments involve dangers, consisting of possible loss of principal. Past efficiency is not a sign of future results.


The information included herein is provided by PGIM, the primary asset management company of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries. PGIM, Inc. is a financial investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not suggest a particular level of skill or training.


In the United Kingdom, info is issued by PGIM Limited with registered workplace: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority ("FCA") of the United Kingdom (Firm Reference Number 193418). In the European Economic Area ("EEA"), details is released by PGIM Netherlands B.V. with authorized workplace: Eduard van Beinumstraat 6 1077CZ, Amsterdam, The Netherlands. PGIM Netherlands B.V. is, authorised by the Autoriteit Financiële Markten ("AFM") in the Netherlands (Registration number 15003620) and running on the basis of a European passport. In specific EEA countries, info is, where permitted, presented by PGIM Limited in dependence of provisions, exemptions or licenses available to PGIM Limited under temporary approval arrangements following the exit of the United Kingdom from the European Union. These materials are provided by PGIM Limited and/or PGIM Netherlands B.V. to individuals who are professional clients as specified under the rules of the FCA and/or to persons who are professional customers as defined in the relevant regional execution of Directive 2014/65/EU (MiFID II). In Italy, information is provided by PGIM Limited licensed to operate in Italy by Commissione Nazionale per le Società e la Borsa (CONSOB). In Japan, details is supplied by PGIM Japan Co., Ltd. ("PGIM Japan") and/or PGIM Real Estate (Japan) Ltd. ("PGIMREJ"). PGIM Japan, a registered Financial Instruments Business Operator with the Financial Services Agency of Japan uses numerous financial investment management services in Japan. PGIMREJ is a Japanese realty asset supervisor that is signed up with the Kanto Local Finance Bureau of Japan. In Hong Kong, details is offered by PGIM (Hong Kong) Limited, a regulated entity with the Securities & Futures Commission in Hong Kong to professional investors as specified in Section 1 of Part 1 of Schedule 1 of the Securities and Futures Ordinance (Cap. 571). In Singapore, details is issued by PGIM (Singapore) Pte. Ltd. ("PGIM Singapore"), a regulated entity with the Monetary Authority of Singapore under a Capital Markets Services License to carry out fund management and an exempt financial adviser. This material is issued by PGIM Singapore for the general info of "institutional financiers" pursuant to Section 304 of the Securities and Futures Act 2001 of Singapore (the "SFA") and "recognized financiers" and other pertinent persons in accordance with the conditions specified in Section 305 of the SFA. In South Korea, information is released by PGIM, Inc., which is certified to offer discretionary financial investment management services straight to South Korean certified institutional investors on a cross-border basis. In Australia, details is released by PGIM (Australia) Pty Ltd ("PGIM Australia") for the general details of its wholesale customers (as defined in the Corporations Act 2001). PGIM Australia is an Australian monetary services ("AFS") licence holder (AFS licence number 544946). The info is offered to wholesale financiers in accordance with Schedule 1, Clause 3 of the Financial Markets Conduct Act 2013 in New Zealand. To invest as a wholesale financier in New Zealand, financiers should fit the requirements as set out in the Financial Markets Conduct Act 2013. In China, the info is supplied at your request and is not planned as financial investment or a recommendation about managing or investing assets.


In Canada, pursuant to the international consultant registration exemption in National Instrument 31-103, PGIM, Inc. is informing you that: (1) PGIM, Inc. is not signed up in Canada and is advising you in dependence upon an exemption from the advisor registration requirement under National Instrument 31-103; (2) PGIM, Inc.'s jurisdiction of house is New Jersey, U.S.A.; (3) there might be trouble imposing legal rights against PGIM, Inc. due to the fact that it is resident outside of Canada and all or significantly all of its properties might be situated beyond Canada; and (4) the name and address of the agent for service of process of PGIM, Inc
. in the applicable Provinces of Canada are as follows: in Québec: Borden Ladner Gervais LLP, 1000 de La Gauchetière Street West, Suite 900 Montréal, QC H3B 5H4; in British Columbia: Borden Ladner Gervais LLP, 1200 Waterfront Centre, 200 Burrard Street, Vancouver, BC V7X 1T2; in Ontario: Borden Ladner Gervais LLP, 22 Adelaide Street West, Suite 3400, Toronto, ON M5H 4E3; in Nova Scotia: Cox & Palmer, Q.C., 1100 Purdy's Wharf Tower One, 1959 Upper Water Street, P.O. Box 2380 - Stn Central RPO, Halifax, NS B3J 3E5; in Alberta: Borden Ladner Gervais LLP, 530 Third Avenue S.W., Calgary, AB T2P R3.


This details is not meant as financial investment guidance and is not a recommendation about managing or investing properties or an offer or solicitation in respect of any product and services to anybodies who are restricted from getting such details under the laws relevant to their location of citizenship, residence or residence. In supplying these products, PGIM is not acting as your fiduciary. These materials represent the views, viewpoints and recommendations of the author(s) concerning the economic conditions, asset classes, securities, companies or monetary instruments referenced herein. Certain info has actually been acquired from sources that PGIM thinks to be trustworthy as of the date provided; however, PGIM can not guarantee the precision of such details, assure its completeness, or warrant such info will not be changed. This details, consisting of projections and projections, is present as of the date of issuance (or an earlier referenced date) and is subject to alter without notice. PGIM has no commitment to upgrade such details; nor do we make any express or implied warranties or representations regarding the efficiency or precision or accept obligation for errors. PGIM and its affiliates might establish and release research study that is independent of, and various than, the suggestions included herein. References to particular securities are for illustrative functions only and are not planned and should not be interpreted as suggestions to purchase, hold, or sell such securities.