other
confidence high
sentiment neutral
materiality 0.25
PGIM Private Credit Fund amends Declaration of Trust clarifying shareholder rights and liability
PGIM Private Credit Fund
- Amendment clarifies that inclusion of an appraisal in a prospectus triggers Section 11 liability under the Securities Act of 1933.
- Assignees of Fund shares will have the same rights as purchasing shareholders.
- Shareholders' direct actions against the Fund or Trustees subject to same conditions as derivative actions per Declaration of Trust and Delaware law.
- Fifth Amended and Restated Agreement and Declaration of Trust effective April 1, 2026.