This website is for informational or educational purposes only. All investments involve risks, including possible loss of principal. Past performance is not indicative of future results.
PGIM, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training.
This information does not constitute investment advice, a recommendation, or a solicitation where prohibited. Certain information has been obtained from sources that PGIM believes to be reliable as of the date presented. PGIM does not guarantee the accuracy or completeness of information. Information, including projections and forecasts, may be changed without notice, although PGIM has no obligation to do so. PGIM and its affiliates may develop and publish research that is independent of, and different than, the information contained herein. This website is not offering any recommendation to purchase, hold or sell any referenced security.
Please see below for important information, including information on non-US jurisdictions.
Information for persons in Canada
In Canada, please note: PGIM operates in the provinces of Alberta, British Columbia, Nova Scotia, Ontario and Quebec pursuant to the international adviser exemption from the requirement to register as an adviser under securities laws. "Pursuant to the international adviser registration exemption in National Instrument 31-103, PGIM, Inc. is informing you that: (1) PGIM, Inc. is not registered in Canada and is advising you in reliance upon an exemption from the adviser registration requirement under National Instrument 31-103; (2) PGIM, Inc.’s jurisdiction of residence is New Jersey, U.S.A.; (3) there may be difficulty enforcing legal rights against PGIM, Inc. because it is resident outside of Canada and all or substantially all of its assets may be situated 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."The parties confirm that it is their express wish that this Agreement, as well as any other documents relating to this Agreement have been and shall be drawn up in the English language only. Les parties aux présentes confirment leur volonté expresse que cette convention, de même que tous les documents s’y rattachant soient rédigés en langue anglaise seulement.
Information for persons in the United Kingdom, European Economic Area (EEA) and Switzerland
For Professional Investors only.
In the United Kingdom, information may be issued by PGIM Limited, PGIM Fund Management Limited or PGIM Private Capital Limited.
In the European Economic Area (“EEA”), information may be issued by PGIM Investments (Ireland) Limited, PGIM Netherlands B.V., PGIM Luxembourg S.A., PGIM Germany AG or PGIM Private Capital (Ireland) Limited depending on the jurisdiction. In certain EEA countries, information is, where permitted, may be presented by either PGIM Limited or PGIM Fund Management Limited in reliance on provisions, exemptions, or licenses available including those available under temporary permission arrangements following the exit of the United Kingdom from the European Union.
In Switzerland, information may be issued by PGIM Limited through its representative office in Zurich, PGIM Fund Management Limited, PGIM Investments (Ireland) Limited, PGIM Netherlands B.V. or PGIM Germany AG.
This information is issued to persons in the UK who are professional clients as defined under the rules of the FCA and/or to persons in the EEA who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II) and/or to persons in Switzerland who are professional or institutional clients within the meaning of Art.4 para 3 and 4 FinSA.
PGIM Limited and PGIM Fund Management Limited have their registered offices at Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Reference No. 193418). PGIM Limited, through its representative office in Zurich with registered office at Limmatquai 4, 8001 Zürich, Switzerland, is authorised and regulated by the Swiss Financial Market Supervisory Authority (“FINMA”). PGIM Fund Management Limited is authorised and regulated by the FCA of the United Kingdom (Reference No. 181389). PGIM Private Capital Limited with registered office at Level 32, 8 Bishopsgate, London, EC2N 4BQ, is authorised and regulated by the FCA of the United Kingdom (Reference No. 172071). PGIM Investments (Ireland) Limited, with registered office at 2nd Floor, 5 Earlsfort Terrace, Dublin 2, Ireland, is authorised and regulated by the Central Bank of Ireland (Reference No. C470709) and operates on the basis of a European passport and through its branches in Italy, Germany and the Netherlands. PGIM Netherlands B.V., with registered office at Eduard van Beinumstraat 6, 1077CZ, Amsterdam, The Netherlands, is authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration No. 15003620) and operates on the basis of a European passport and through its branches in Germany and France. PGIM Luxembourg S.A. with registered office at 2, boulevard de la Foire, L1528 Luxembourg, is authorized and regulated by the Commission de Surveillance du Sector Financier in Luxembourg (Registration No. A00001218) and operating on the basis of a European passport. PGIM Germany AG with registered office at Wittelsbacher Platz 1, 80333 München, Deutschland, is authorised and regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (“BaFin”) in Germany (Registration No. 10138142) and operates on the basis of a European passport. PGIM Private Capital (Ireland) Limited with registered office at IDA Business Park, Letterkenny, Co. Donegal, F92 FP83, Ireland, is authorised and regulated by the Central Bank of Ireland (Reference No. C184298) and operates on the basis of a European passport and through its branches in Germany, France, Italy and Spain.
Information for persons in Australia
In Australia, information is issued by PGIM (Australia) Pty Ltd (“PGIM Australia”) for the general information of its wholesale clients (as defined in the Corporations Act 2001). PGIM Australia is an Australian financial services (“AFS”) license holder (AFS license number 544946).
Information for persons in Hong Kong
In Hong Kong, information is issued by PGIM (Hong Kong) Limited, a regulated entity with the Securities & Futures Commission of Hong Kong to professional investors as defined in Section 1 of Part 1 of Schedule 1 of the Securities and Futures Ordinance (Cap. 571).
Information for persons in Japan
In Japan, information is provided by PGIM Japan Co., Ltd. and/or PGIM Real Estate (Japan) Ltd. (“PGIMREJ”). PGIM Japan, a registered Financial Instruments Business Operator with the Financial Services Agency of Japan offers various investment management services in Japan. PGIMREJ is a Japanese real estate asset manager that is registered with the Kanto Local Finance Bureau of Japan.
Information for persons in India
In India, information is issued by PGIM India Mutual Fund, PGIM India Trustees Private Limited (the trustee of PGIM India Mutual Fund), PGIM India Asset Management Private Limited, as applicable and in accordance with India regulatory requirements.
Information for persons in Singapore
In Singapore, information 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 conduct fund management and an exempt financial adviser. This material is issued by PGIM Singapore for the general information of “institutional investors” pursuant to Section 304 of the Securities and Futures Act 2001 of Singapore (the “SFA”) and “accredited investors” and other relevant persons in accordance with the conditions specified in Section 305 of the SFA.
Information for persons in South Korea
In South Korea, information is issued by PGIM, Inc., which is licensed to provide discretionary investment management services directly to South Korean qualified institutional investors on a cross-border basis.
Information for persons in the United Arab Emirates
Within the UAE, this website is only intended for a limited number of exempt investors who fall under the category of “Professional Investor” as defined within SCA Chairman Decision No. (13/RM) of 2021 on the Rulebook of Financial Activities and Mechanisms for Adjusting Positions.
In the Abu Dhabi Global Market (ADGM) information is presented by PGIM International Limited. PGIM International Limited is authorised and regulated by the ADGM Financial Services Regulatory Authority (FSP number 240036) having its registered address at Unit 07, 7th Floor, Al Khatem Tower, Abu Dhabi Global Market Square, Abu Dhabi, Al Maryah Island, United Arab Emirates.
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