NYSE:PRU

Prudential and RGA entrusted to fulfill $5.9 billion in pension promises for Verizon

Retrieved on: 
Wednesday, March 6, 2024

Prudential Financial, Inc. ( NYSE: PRU ) and Reinsurance Group of America, Incorporated ( NYSE: RGA ) have been selected in a pension risk transfer involving Verizon Communications Inc.

Key Points: 
  • Prudential Financial, Inc. ( NYSE: PRU ) and Reinsurance Group of America, Incorporated ( NYSE: RGA ) have been selected in a pension risk transfer involving Verizon Communications Inc.
  • Prudential and RGA, organizations with a long history of providing lifetime income to individuals, are well positioned to meet this commitment.
  • The transaction marks the second major pension risk transfer agreement between Prudential and Verizon.
  • Prudential revolutionized the modern pension risk transfer market with its pioneering pension buyouts with General Motors and its first transaction with Verizon in 2012.

PGIM Closed End Funds declare distributions for March, April, and May 2024

Retrieved on: 
Friday, March 1, 2024

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.

Key Points: 
  • 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.
  • 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.

Prudential Financial, Inc. to Redeem 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044

Retrieved on: 
Wednesday, February 14, 2024

Prudential Financial, Inc. ( NYSE: PRU ) announced today that it will redeem all of the $500,000,000 outstanding aggregate principal amount of its 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044 (CUSIP/ISIN No.

Key Points: 
  • Prudential Financial, Inc. ( NYSE: PRU ) announced today that it will redeem all of the $500,000,000 outstanding aggregate principal amount of its 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044 (CUSIP/ISIN No.
  • A notice of redemption is being sent to all currently registered holders of the Notes by the trustee, The Bank of New York Mellon.
  • For more information, holders of the Notes may call The Bank of New York Mellon at 1-800-254-2826.
  • Prudential Financial, Inc.’s actual results may differ, possibly materially, from expectations or estimates reflected in such forward-looking statements.

Virginia youth honored as Prudential Emerging Visionary

Retrieved on: 
Tuesday, February 13, 2024

NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Preston Lieu, 17, of Falls Church, today was named a 2024 Prudential Emerging Visionary for his inspiring commitment to improving the lives of others.

Key Points: 
  • NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Preston Lieu, 17, of Falls Church, today was named a 2024 Prudential Emerging Visionary for his inspiring commitment to improving the lives of others.
  • As one of 25 Prudential Emerging Visionary winners, Preston will receive a $5,000 award to help take his innovation to the next level.
  • Prudential Emerging Visionaries recognizes young people ages 14-18 whose fresh perspectives and innovative solutions address pressing financial and societal challenges in their communities.
  • The program is an evolution of Prudential's Spirit of Community Awards, which honored more than 150,000 outstanding youth volunteers over 26 years.

Texas youth honored as Prudential Emerging Visionaries

Retrieved on: 
Tuesday, February 13, 2024

NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Donte Jennings, 17, of Nolanville, and Saheb Nibber, 17, of Houston, today were each named a 2024 Prudential Emerging Visionary for their inspiring commitment to improving the lives of others.

Key Points: 
  • Prudential Emerging Visionaries recognizes young people ages 14-18 whose fresh perspectives and innovative solutions address pressing financial and societal challenges in their communities.
  • Prudential Emerging Visionaries is sponsored by Prudential in collaboration with Ashoka, a leading organization in the social impact sector, with advisory support provided by the Financial Health Network, an authority on financial health and a longtime partner of The Prudential Foundation.
  • The program is an evolution of Prudential's Spirit of Community Awards, which honored more than 150,000 outstanding youth volunteers over 26 years.
  • To read about all of this year's Prudential Emerging Visionaries, visit prudential.com/emergingvisionaries .

Tennessee youth honored as Prudential Emerging Visionary

Retrieved on: 
Tuesday, February 13, 2024

NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Saawan Duvvuri, 16, of Nashville, today was named a 2024 Prudential Emerging Visionary for his inspiring commitment to improving the lives of others.

Key Points: 
  • NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Saawan Duvvuri, 16, of Nashville, today was named a 2024 Prudential Emerging Visionary for his inspiring commitment to improving the lives of others.
  • As one of 25 Prudential Emerging Visionary winners, Saawan will receive a $5,000 award to help take his innovation to the next level.
  • Prudential Emerging Visionaries recognizes young people ages 14-18 whose fresh perspectives and innovative solutions address pressing financial and societal challenges in their communities.
  • The program is an evolution of Prudential's Spirit of Community Awards, which honored more than 150,000 outstanding youth volunteers over 26 years.

Pennsylvania youth honored as Prudential Emerging Visionaries

Retrieved on: 
Tuesday, February 13, 2024

NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Sebastian Tan, 16, of Sewickley, and Yaduraj Choudhary, 17, of Downingtown, today were each named a 2024 Prudential Emerging Visionary for their inspiring commitment to improving the lives of others.

Key Points: 
  • Prudential Emerging Visionaries recognizes young people ages 14-18 whose fresh perspectives and innovative solutions address pressing financial and societal challenges in their communities.
  • Prudential Emerging Visionaries is sponsored by Prudential in collaboration with Ashoka, a leading organization in the social impact sector, with advisory support provided by the Financial Health Network, an authority on financial health and a longtime partner of The Prudential Foundation.
  • The program is an evolution of Prudential's Spirit of Community Awards, which honored more than 150,000 outstanding youth volunteers over 26 years.
  • To read about all of this year's Prudential Emerging Visionaries, visit prudential.com/emergingvisionaries .

Oregon youth honored as Prudential Emerging Visionary

Retrieved on: 
Tuesday, February 13, 2024

NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Ethan Zhang, 16, of Portland, today was named a 2024 Prudential Emerging Visionary for his inspiring commitment to improving the lives of others.

Key Points: 
  • NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Ethan Zhang, 16, of Portland, today was named a 2024 Prudential Emerging Visionary for his inspiring commitment to improving the lives of others.
  • As one of 25 Prudential Emerging Visionary winners, Ethan will receive a $5,000 award to help take his innovation to the next level.
  • Prudential Emerging Visionaries recognizes young people ages 14-18 whose fresh perspectives and innovative solutions address pressing financial and societal challenges in their communities.
  • The program is an evolution of Prudential's Spirit of Community Awards, which honored more than 150,000 outstanding youth volunteers over 26 years.

Ohio youth honored as Prudential Emerging Visionary

Retrieved on: 
Tuesday, February 13, 2024

NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Angelina DiPaola, 18, of Cincinnati, today was named a 2024 Prudential Emerging Visionary for her inspiring commitment to improving the lives of others.

Key Points: 
  • NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Angelina DiPaola, 18, of Cincinnati, today was named a 2024 Prudential Emerging Visionary for her inspiring commitment to improving the lives of others.
  • As one of 25 Prudential Emerging Visionary winners, Angelina will receive a $5,000 award to help take her innovation to the next level.
  • Prudential Emerging Visionaries recognizes young people ages 14-18 whose fresh perspectives and innovative solutions address pressing financial and societal challenges in their communities.
  • The program is an evolution of Prudential's Spirit of Community Awards, which honored more than 150,000 outstanding youth volunteers over 26 years.

North Carolina youth honored as Prudential Emerging Visionary

Retrieved on: 
Tuesday, February 13, 2024

NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Michael Brode, 17, of Winterville, today was named a 2024 Prudential Emerging Visionary for his inspiring commitment to improving the lives of others.

Key Points: 
  • NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Michael Brode, 17, of Winterville, today was named a 2024 Prudential Emerging Visionary for his inspiring commitment to improving the lives of others.
  • As one of 25 Prudential Emerging Visionary winners, Michael will receive a $5,000 award to help take his innovation to the next level.
  • Prudential Emerging Visionaries recognizes young people ages 14-18 whose fresh perspectives and innovative solutions address pressing financial and societal challenges in their communities.
  • The program is an evolution of Prudential's Spirit of Community Awards, which honored more than 150,000 outstanding youth volunteers over 26 years.