Prudential Fixed Income has been appointed as the collateral manager for the Dryden 31 Senior Loan Fund, a recently closed $621 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).

"With Dryden 31, we have reached a milestone. The transaction is the 10th CLO to be issued globally under the Dryden brand since the re-emergence of the CLO market," said Peter Cordrey, managing director and head of product management and distribution for Prudential Fixed Income. "We are thankful for the long standing confidence that investors have shown in our credit capabilities and CLO management."

The Dryden 31 Senior Loan Fund is the 48th cash or synthetic CLO/CDO structure to be managed or sub-advised by either or both of the Prudential Fixed Income teams in its Newark and London offices. Standard & Poor's ranks Prudential as one of the largest global CLO managers. The company now manages more than $10 billion in CLO capital.

Prudential Fixed Income, with $405 billion in assets under management as of December 31, 2013, 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.; London and Singapore. For more information, please visit www.prudentialfixedincome.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with $1.1 trillion of assets under management as of December 31, 2013, has operations in the United States, Asia, Europe, and Latin America. Prudential's 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, investment management. In the U.S., Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/.

Prudential Financial, Inc.
Theresa Miller, 973-802-7455
theresa.miller@prudential.com