News Column

Prudential Fixed Income to manage new $666.5 million CLO

September 3, 2014



NEWARK, N.J.--(BUSINESS WIRE)-- Prudential Fixed Income has been appointed as the collateral manager for the Dryden 34 Senior Loan Fund, a recently closed $666.5 million collateralized loan obligation. Prudential Fixed Income, among the largest fixed income managers in the U.S., is the principal public fixed income asset management business of Prudential Financial, Inc. (NYSE: PRU).

The Dryden 34 Senior Loan Fund closed Aug. 28 and is the 10th post-crisis CLO to be closed under the Dryden brand in the U.S. Globally, it is the 51st cash or synthetic CLO/CDO structure to be managed or sub-advised by either or both of Prudential Fixed Incomeís teams in Newark and London. Standard & Poor's ranks Prudential Fixed Income, which now manages more than $10 billion in CLO capital, among the largest global CLO managers.

Prudential Fixed Income, with $533 billion in assets under management as of June 30, 2014, offers institutional investors needs-based solutions across all fixed income markets, with a focus on credit strategies and liability-driven investing. Prudential Fixed Income has portfolio management and research teams in Newark, N.J., and in London, Singapore and Tokyo. For more information, please visit http://www.prudentialfixedincome.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1.1 trillion of assets under management as of June 30, 2014, has operations in the United States, Asia, Europe, and Latin America. Prudentialís 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., Prudentialís iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.



Prudential Financial, Inc.

John Chartier, 973-802-9829

john.chartier@prudential.com

Source: Prudential Financial, Inc.


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Source: Business Wire


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