Form 4: Prudential Entities Increase Stake in PGIM Private Real Estate Fund Through Dividend Reinvestment

Prudential Insurance Co of America, Prudential Financial, Inc., and Pruco Life Insurance Co collectively increased their indirect ownership in PGIM Private Real Estate Fund, Inc. through a dividend reinvestment plan.

Summary

• On February 3, 2025, Prudential Insurance Co of America acquired 906,239.108 shares of PGIM Private Real Estate Fund, Inc. at a price of $28.69 per share.
• This acquisition was made through a dividend reinvestment plan.
• Following the transaction, the total number of shares beneficially owned by Prudential Insurance Co of America is 5,799,369.631.
• The shares are indirectly held by Pruco Life Insurance Company, a wholly-owned subsidiary of The Prudential Insurance Company of America, which in turn is a wholly-owned subsidiary of Prudential Financial, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The transaction reflects a routine investment activity (dividend reinvestment) and indicates continued confidence in the fund.

Positives

• The increased stake demonstrates confidence in PGIM Private Real Estate Fund, Inc.

Future Outlook

NA

Industry Context

This filing reflects routine transactions related to dividend reinvestment, a common practice among investment funds and their major shareholders. It indicates ongoing investment and confidence in the fund's performance.

Stakeholder Impact

• The transaction may have a slightly positive impact on shareholders as it signals continued investment by major stakeholders.

Key Dates

Keywords

PGIM Private Real Estate Fund, Prudential Insurance, Beneficial Ownership, Dividend Reinvestment, Form 4, Securities