The Fund is a diversified, closed-end investment management company managed by Prudential Investments LLC. The Fund is sub-advised by Prudential Fixed Income, a business unit of Prudential Investment Management Inc. and an affiliate of the investment manager.
Prudential Investments, the mutual fund and wealth management business of Prudential Financial, Inc. (NYSE: PRU), oversees
Prudential Mutual Funds,
which focuses on traditional mutual funds, separately managed accounts, and Investment Only Defined Contribution businesses.
Prudential Investments also maintains two other business units,
Wealth Management Solutions
Strategic Investment Research Group.
Prudential Financial, Inc., a financial services leader with more than $1 trillion of assets under management as of December 31, 2012, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit
The Fund invests in
high yield (“junk”) bonds
, which are subject to greater credit and market risks;
, which may carry market, credit, and liquidity risks;
, which are subject to currency fluctuation and political uncertainty and
, which are subject to greater volatility and price declines
Fixed income investments
are subject to
interest rate risk
, where their value will decline as interest rates rise The risks associated with the Fund are more fully explained in the prospectus. These risks may increase the Fund’s share price volatility. There is no guarantee the Fund’s objective will be achieved.
An investment in a closed-end fund’s common stock may be speculative in that it involves a high degree of risk and should not constitute a complete investment program, and may result in loss of principal. Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing. The prospectus, which contains this and other information about the Fund, should be read carefully before investing.
SIRG is a unit of Prudential Investments LLC, and a research unit of Prudential Financial. SIRG provides research, analysis and due diligence on investment management firms and the vehicles and strategies they offer. Wealth Management Solutions is a division of Prudential Investments LLC, Newark, NJ, a Prudential Financial company. Prudential Fixed Income is a unit of Prudential Investment Management, a registered investment adviser and Prudential Financial company.