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Business Wire
30-05-2025
- Business
- Business Wire
PGIM Closed End Funds declare distributions for June, July, and August 2025
NEWARK, N.J.--(BUSINESS WIRE)--PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for June, July, and August 2025. The distribution amounts and schedule for each fund appears below: Month Ex-Date Record Date Payable Date June 06/12/2025 06/12/2025 06/30/2025 July 07/10/2025 07/10/2025 07/31/2025 August 08/14/2025 08/14/2025 08/29/2025 Expand The distribution amounts are forward-looking and may include net investment income, currency gains, capital gains and a return of capital, but such a determination cannot be made at this time. This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund's distributions that have been declared by the applicable Board of Directors. In early 2026, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, long-term capital gain or return of capital). If applicable, and when available, a current estimate of the distribution's composition can be found in the Section 19 notice section of the website. Please consult your tax advisor for further information. ABOUT PGIM INVESTMENTS PGIM Investments, LLC and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM's globally diversified investment platform that encompasses the expertise of managers across fixed income, equities, alternatives and real estate. ABOUT PGIM PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 41 offices across 19 countries, our more than 1,450 investment professionals serve both retail and institutional clients around the world. As a leading global asset manager with $1.39 trillion in assets under management, 1 PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialized expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information visit Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit Data and commentary provided in this press release are for informational purposes only. PGIM Investments LLC, the Investment Manager of the Fund, and its affiliates do not engage in selling shares of the Fund. Each Fund is a diversified, closed-end management investment company managed by PGIM Investments LLC and subadvised by PGIM Fixed Income, a business unit of PGIM, Inc., and an affiliate of the investment manager. These Funds invest in high yield ('junk') bonds, which are subject to greater credit and market risks, including greater risk of default; derivative securities, which may carry market, credit, and liquidity risks; foreign securities, which are subject to currency fluctuation and political uncertainty; and emerging markets securities, 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. There are fees and expenses involved with investing in these Funds. Diversification does not assure a profit or protect against a loss in declining markets. There is no guarantee that dividends or distributions will be paid. An investment in a closed-end fund's common stock may be speculative in that it involves a high degree of risk, 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. This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact a financial professional. Please consult with a qualified investment professional if you wish to obtain investment advice. PGIM Fixed Income is a unit of PGIM, Inc., which is a registered investment advisor and Prudential Financial company. © 2025 Prudential Financial, Inc. and its related entities. PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate. 1 As of March 31, 2025.
Yahoo
23-05-2025
- Business
- Yahoo
Prudential Financial to leverage Neutrinos AI for life business
Simplified Solutions, a unit within Prudential Financial's Individual Life Insurance business, has signed a technology vendor agreement with Neutrinos. The alliance will leverage Neutrinos' AI capabilities to provide a digital experience for life insurance customers through Simplified Solutions' network of embedded distribution partners in the US. The initiative is part of Simplified Solutions' efforts to bridge the insurance coverage gap with distribution partnerships that extend insurance access. The partnership will use combined solutions to target underserved markets with lower-cost life insurance products. Neutrinos US business co-founder and president Ramya Babu said: 'We are honoured to support PFI Simplified Solutions in transforming and expanding how insurance offerings are distributed. Our AI-powered automation platform enables touchless operations and intelligent servicing at scale, helping Prudential serve new customer segments with unmatched speed, efficiency and personalisation. 'At its core, this venture is about meeting customers where they are and providing opportunities to get insured in digital environments they already trust and use.' In March, Neutrinos launched its Underwriting Automation Suite, which enhances underwriting workflows and assists in risk assessment for the life, annuities and health insurance sectors. Neutrinos specialises in intelligent automation for the insurance industry, offering tools such as an AI composer and orchestrator designed to automate and optimise processes including underwriting, claims management and distribution channels. Meanwhile, in January, Prudential Financial was in the news for agreeing to reinsure a portion of its Japanese whole life insurance policies with a Prismic Life unit. "Prudential Financial to leverage Neutrinos AI for life business " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Globe and Mail
21-05-2025
- Business
- Globe and Mail
Neutrinos Selected by Prudential Financial Inc. to Help Expand Access to Life Insurance Products in the U.S.
New technology vendor agreement with Simplified Solutions organization of PFI's Individual Life Insurance business designed to reach U.S. mass middle market consumers NEW YORK and SINGAPORE , May 21, 2025 /CNW/ -- Neutrinos announced today its latest technology vendor agreement, partnering to support the Simplified Solutions organization of U.S. based Prudential Financial Inc.'s (PFI) Individual Life Insurance business. Through this agreement, the Simplified Solutions team will leverage Neutrinos' AI-driven platform as an end-to-end digital experience for individuals and families to obtain life insurance solutions from Simplified Solutions' growing network of embedded U.S. distribution partners. "We're honored to support PFI Simplified Solutions in transforming and expanding how insurance offerings are distributed," said Ramya Babu , co-founder and president, U.S. Business at Neutrinos. "Our AI-powered automation platform enables touchless operations and intelligent servicing at scale, helping Prudential serve new customer segments with unmatched speed, efficiency, and personalization." Leveraging the Neutrinos platform allows Simplified Solutions to transform its digital ecosystem and provide streamlined buying experiences for customers affiliated with its network of embedded distribution partners. This is a key strategic step forward in Simplified Solutions' phased start-up approach for growth and long-term success. Currently, there are 102 million adults in the U.S. who believe that they lack or need more life insurance, according to the latest Insurance Barometer Study by LIMRA and Life Happens. Simplified Solutions is helping to close this insurance coverage gap by establishing embedded distribution partnerships that expand access for more individuals — particularly those who are not doing business within the traditional insurance space. The collaboration between Simplified Solutions and Neutrinos brings together next-generation solutions and a differentiated approach for reaching underserved markets with simpler, lower-cost life insurance products that are quick and easy to obtain. "At its core, this venture is about meeting customers where they are and providing opportunities to get insured in digital environments they already trust and use," added Babu. About Neutrinos: Neutrinos is the leading AI-powered intelligent automation platform purpose-built for the insurance industry. At the core of our offering is the industry's most advanced agentic AI composer and orchestrator, designed specifically to automate and optimize complex, end-to-end insurance processes. From underwriting and claims to distribution, our platform empowers insurers with deep domain expertise, intelligent automation, and pre-built accelerators to drive faster innovation, operational efficiency, and seamless omni-channel experiences. Learn more at
Yahoo
20-05-2025
- Business
- Yahoo
Morgan Stanley Upgrades Price Target for Prudential Financial, Inc. (PRU) on Cat Bond Surge and Clean Energy Deal
Morgan Stanley analyst Nigel Dally upgraded the price target for Prudential Financial, Inc. (NYSE:PRU) from $108 to $117 on May 19, 2025. A financial advisor is sitting with a customer in a living room discussing their financial future. On May 15, 2025, Hedge Fund Fermat Capital Management forecasted in Bloomberg Law a 20% growth in the market for catastrophe bonds before the end of 2025. Subsequently, the outlook for financial companies dealing with insurance packages went up. One of the chief beneficiaries was Prudential Financial, Inc. (NYSE:PRU). On the same day, PGIM Private Capital, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE:PRU), entered into a $175 million long-term partnership with Solar Landscape, one of the U.S.'s leading commercial rooftop developers. The partnership aims to financially support the increasing portfolio of Solar Landscape's projects, which feed electricity directly into the distributed grid. The company primarily intends to cover Maryland and Illinois. Following these announcements, the company's insider transactions also went up. Notably, the company's directors including Scovanner Douglas A, Poon Christine A, Todman Michael increased their stakes in the company, bringing the insider transaction to 476.22%. Prudential Financial, Inc. (NYSE: PRU), headquartered in New Jersey, has been serving clients for over 149 years since its founding in 1875. Backed by strong growth potential and a stable core performance, Morgan Stanley anticipates Prudential Financial's recovery in the second half of 2025. While we acknowledge the potential of PRU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PRU and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Employees struggle financially making it paycheck to paycheck, while employers fall short in meeting expectations for support
New Prudential Benefits & Beyond study reveals everyday financial stresses as top employee concerns, yet only about one-third of employers believe their workplace benefits ease daily money pressures, focusing instead on retirement benefits NEWARK, N.J., May 12, 2025--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) released today its annual Benefits & Beyond study that reveals day-to-day financial stress is a leading concern for employees. Employees are raising their expectations for robust workplace benefits and believe their employers should play a larger role in helping them alleviate that stress. Employers agree, yet many aren't keeping up with those demands, instead focusing more on longer-term financial support. Key findings from the first installment of Prudential's 2025 Benefits & Beyond study, "New Workforce Expectations: How evolving needs are reshaping the workplace," include: Many employers recognize that workplace benefits aren't adequately addressing employees' day-to-day stress. While 75% of employers believe their benefits help with retirement savings, only 35% believe they help with immediate financial stresses like everyday expenses. Employees' top challenges are saving for retirement (45%), cost of everyday goods (44%), cost of housing (29%) and making it paycheck to paycheck (26%). The study's findings are clear: When it comes to workplace benefits, there is a disconnect on what companies offer and what employees actually need — now and in the future. The study finds that 86% of employers think their benefits are modern, while only 59% of employees agree. With a backdrop of economic uncertainty, shifting expectations and evolving social norms, today's employees expect holistic support from employers to help solve the challenges they face. They seek modern benefits that offer flexibility and financial support, and prioritize their overall well-being, according to Michael Estep, president of Prudential Group Insurance. Beyond pay, employees want their employers to provide modern benefits that reflect the real needs people are facing today. That includes benefits that help people balance their personal lives and address what happens outside of work, with employees considering flexible benefits like a four-day workweek (41%) and "pawternity" leave (23%) as optimal. "Employees want benefits that go beyond traditional coverage and more completely address how they live and work," said Estep. "The workplace is at a tipping point, and there's so much at stake for employers. When benefits are aligned with your company's values and workforce needs, they become a powerful driver of culture, business performance and long-term growth." The study shows there's a gap between employers' perceptions and the reality of how employees view modern benefits. While almost all employers (97%) say well-being is a priority, only 7 out of 10 employees (69%) agree their employers feel this way. The research identifies opportunities for employers to help solve employee challenges, including retirement savings, making it paycheck to paycheck, job security and flexible work arrangements. "Effective communication and awareness are needed to better demonstrate commitment to employee well-being and highlight how benefits can meet each person's unique needs," Estep added. Click here to view and download the study. The research was conducted with 2,946 full-time employees and 750 employers in the U.S. via national online surveys in January and February 2025. Visit for more information on Prudential Group Insurance's portfolio of workplace benefits, absence management and risk mitigation solutions. ABOUT PRUDENTIAL Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.5 trillion in assets under management as of Dec. 31, 2024, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information, please visit Prudential Group Insurance manufactures and distributes a full range of group life, long-term and short-term disability, and corporate and trust-owned life insurance in the U.S. to institutional clients primarily for use within employee and membership benefits plans. The business also sells critical illness, accidental death and dismemberment, and other ancillary coverages. In addition, the business provides plan administrative services in connection with its insurance coverages, and administrative services for employee-paid and unpaid leave including FMLA, ADA and PFL. 1086500-00001-00 View source version on Contacts MEDIA Marisa Amador 973-802-8969 Sign in to access your portfolio
