Prudential Fixed Income to manage new $624 million CLO

  Prudential Fixed Income to manage new $624 million CLO

Business Wire

NEWARK, N.J. -- December 17, 2012

Dryden XXV Senior Loan Fund, a $624 million collateralized loan obligation,
closed on December 11. Prudential Fixed Income was appointed as the collateral
manager for this transaction, the company said today. Prudential Fixed Income
is the principal public fixed income asset management business of Prudential
Financial, Inc. (NYSE: PRU).

"We are pleased to welcome many first-time CLO investors into the latest
Dryden transaction.” said Brian Juliano, vice president and portfolio manager
for Prudential Fixed Income's U.S. bank loan team. “We are committed to
continuing a tradition of managing higher quality deals and being transparent
with investors."

Sara Bonesteel, managing director and head of alternative investments at
Prudential Fixed Income, added, "We believe the excellent execution on Dryden
XXV indicates investors' confidence in our credit and CLO management
capabilities, and we aim to serve them well throughout the life of the
transaction."

The Dryden XXV Senior Loan Fund is the fourth new CLO to be issued under the
Dryden brand in the last 12 months and the 42nd cash or synthetic CLO/CDO
structure to be managed or sub-advised by Prudential Fixed Income from its
Newark and London offices. Standard & Poor's ranks Prudential as one of the
largest global CLO managers. The firm manages over $9.5 billion in CLO
capital.

Prudential Fixed Income, with $356 billion in assets under management as of
September 30, 2012, 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
trillion of assets under management as of September 30, 2012, 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/

Contact:

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