Prudential Investments® has launched the Prudential Real Estate Income Fund (NASDAQ: PRKAX), a real estate strategy driven by investments principally in real estate investment trusts, or REITs, and other real estate securities. Prudential Investments is the mutual fund business of Prudential Financial, Inc. (NYSE: PRU).

The fund is designed to appeal to investors seeking income, capital appreciation and diversity from other asset classes, such as stocks and bonds.

The fund is sub-advised by Prudential Real Estate Investors, a leader in private and public real estate investing for more than 40 years, and its dedicated real estate securities team. The fund portfolio management team also manages the Prudential Global Real Estate Fund with more than $3.8 billion in assets as of 4/30/15, as well as the Prudential U.S. Real Estate Fund, the Prudential International Real Estate Fund and the Prudential Select Real Estate Fund. The team, which averages 23 years of investment experience, includes Marc Halle, head of global real estate securities at PREI; Rick Romano, portfolio manager, North American securities; Gek Lang Lee, portfolio manager, Asia Pacific securities; Kwok Wing Cheong, portfolio manager, South Asia and Australasia securities; and Michael Gallagher, portfolio manager, European securities. The team will use a disciplined, research-intensive investment process, emphasizing both quantitative and qualitative analysis, and based on real estate fundamentals.

“This fund offers investors the opportunity to diversify their portfolios through exposure to an asset class that has delivered long-term competitive returns and low correlation to stocks and bonds,” said Stuart Parker, president of Prudential Investments.

“By distributing a significant majority of their net income as dividends, global REITs offer investors a steady income stream and the potential for capital appreciation, as well,” said Halle. “In addition, we are seeking to have 20 percent of the portfolio invested in preferred REITs, which potentially have higher yields and less volatility than common stock REITs.”

The fund is available in the following share classes: A: PRKAX, C: PRKCX and Z: PRKZX.

Prudential Investments is the fund business of Prudential Financial, Inc., offering a range of open- and closed-end funds. Please visit www.prudentialfunds.com for more information.

Prudential Real Estate Investors is the global real estate investment business of Prudential Financial, Inc. (NYSE: PRU). Investing in real estate on behalf of institutional clients since 1970, PREI today has more than 650 employees located in 19 cities around the world, and gross assets under management of $61.7 billion as of March 31, 2015. PREI offers to its global client base a broad range of real estate investment vehicles across the risk-return spectrum and geographies, including core, core plus, value-add, opportunistic, debt, securities, and specialized investment strategies. Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of March 31, 2015, 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, and 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 www.news.prudential.com.

Mutual fund investing involves risks. Some mutual funds have more risk than others. The investment return and principal value will fluctuate, and the investment, when sold, may be worth more or less than the original cost. Investing in real estate poses certain risks related to overall and specific economic conditions, as well as risks related to individual property, credit, and interest rate fluctuations. The Fund may have additional risks due to its narrow focus; is nondiversified, so a loss resulting from a particular security or sector will have a greater impact on the Fund’s return;, and in foreign securities, which are subject to currency fluctuation and political uncertainty. These risks may result in greater share price volatility. Diversification does not assure a profit or protect against loss in declining markets. Real estate investment trusts (REITs) may not be suitable for all investors. There is no guarantee a REIT will pay distributions given the inherent risks associated with the market. A REIT may fail to qualify as a REIT as defined in the Tax Code, which could affect operations negatively.

Consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. Contact your financial professional for a prospectus and summary prospectus. Read them carefully before investing.

Mutual funds are distributed by Prudential Investment Management Services (PIMS) LLC. Prudential Real Estate Investors (PREI) is a business unit of Prudential Investment Management (PIM), Inc., a registered investment advisor. PIMS and PIM are Prudential Financial Companies. © 2015 Prudential Financial, Inc. and its related entities. Prudential Investments, Prudential, the Prudential logo, PREI, Bring Your Challenges, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

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