PGIM Private Credit Fund declares June distributions, reports May NAV, and amends bylaws
PGIM Private Credit Fund
Regular + variable distributions declared: Class S $0.26424, Class D $0.27702, Class I $0.28233 per share.
Distributions payable July 30, 2025 to shareholders of record June 30, 2025.
May 31, 2025 NAV per share: Class S $25.24, Class D $25.21, Class I $24.74; aggregate NAV $158.0M.
Amended declaration of trust removes qualifying clauses from shareholder voting rights; bylaws increase quorum to majority (board) and 50% (shareholders).
Offering raised $144.2M from 5.7M shares issued; up to $2.5B continuous offering ongoing.
PGIM Private Credit Fund: Removed qualifying clauses from certain shareholder voting rights clauses in the Declaration of Trust (effective 2025-06-27).
Change
charter amendment
Effective
2025-06-27
Exact text from the filing
The amendments included in the Declaration of Trust, among other things, remove qualifying clauses from certain shareholder voting rights clauses.
PGIM Private Credit Fund: Increased quorum requirements for Board and shareholder meetings and eliminated trustees' ability to retain position until next annual meeting if not elected in a contested election (effective 2025-06-27).
Change
bylaw amendment
Effective
2025-06-27
Exact text from the filing
The amendments included in the Bylaws, among other things, (i) increase the Board and shareholder meeting quorum requirements to a majority for Board meetings and to fifty percent for shareholder meetings, and (ii) eliminate the ability for trustees to retain their position until the next annual meeting of shareholders if the number of votes received in a contested election is not sufficient to elect a trustee.
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