Tender Offers for PGIM Credit Income Fund

Form Type: N-23C3A

Filing Date: 2024-12-30

Corporate Action: Tender-offer

Type: New

Accession Number: 000168386324009537

Comments: PGIM Credit Income Fund has announced a quarterly repurchase offer for its Class Z, Class A, and Class C common shares of beneficial interest, allowing shareholders to tender up to 5% of the aggregate number of shares issued and outstanding as of the repurchase request deadline. This offer is to provide liquidity to shareholders as the shares are not redeemable daily nor traded on an exchange. The repurchase request period starts on December 30, 2024, and ends on January 28, 2025. The net asset value (NAV) per share for each class has been provided, showing values as of November 20, 2024. A 2.00% early redemption fee applies if shares are repurchased within one year of purchase. Payment for repurchased shares will occur within seven days after the pricing date, and if the offer is oversubscribed, repurchase will occur on a pro rata basis. Shareholders are advised to consult financial advisors regarding the taxable implications of the repurchase offer, as selling shares is treated as a taxable event. The document includes information on submission procedures for repurchase requests, potential fees, and the conditions where the offer might be suspended or postponed by the Fund's Board of Trustees.

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