Box 2380 - Stn Central RPO

In the UK, info is released by PGIM Limited with authorized office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N5HR. PGIM Limited is authorised and controlled by the Financial Conduct Authority ("FCA") of the UK (Firm Reference Number 193418). In the European Economic Area ("EEA"), info is released by PGIM Netherlands B.V. with authorized workplace: Eduard van Beinumstraat 6 1077CZ, Amsterdam, The Netherlands. PGIM Netherlands B.V. is, authorised by the Autoriteit Financiële Markten ("AFM") in the Netherlands (Registration number 15003620) and operating on the basis of a European passport. In specific EEA countries, info is, where permitted, presented by PGIM Limited in dependence of provisions, exemptions or licenses offered to PGIM Limited under short-lived approval plans following the exit of the United Kingdom from the European Union. These materials are issued by PGIM Limited and/or PGIM Netherlands B.V. to persons who are expert customers as defined under the guidelines of the FCA and/or to individuals who are professional customers as specified in the pertinent regional application of Directive 2014/65/EU (MiFID II). In Italy, details is provided by PGIM Limited licensed to operate in Italy by Commissione Nazionale per le Società e la Borsa (CONSOB). In Japan, details is supplied by PGIM Japan Co., Ltd. ("PGIM Japan") and/or PGIM Real Estate (Japan) Ltd. ("PGIMREJ"). PGIM Japan, a registered Financial Instruments Business Operator with the Financial Services Agency of Japan offers different investment management services in Japan. PGIMREJ is a Japanese property possession supervisor that is registered with the Kanto Local Finance Bureau of Japan. In Hong Kong, info is provided by PGIM (Hong Kong) Limited, a managed entity with the Securities & & Futures Commission in Hong Kong to professional financiers as defined in Section 1 of Part 1 of Schedule 1 of the Securities and Futures Ordinance (Cap. 571). In Singapore, info is issued by PGIM (Singapore) Pte. Ltd. ("PGIM Singapore"), a controlled entity with the Monetary Authority of Singapore under a Capital Markets Services License to conduct fund management and an exempt financial consultant. This product is issued by PGIM Singapore for the general info of "institutional financiers" pursuant to Section 304 of the Securities and Futures Act 2001 of Singapore (the "SFA") and "recognized financiers" and other pertinent persons in accordance with the conditions defined in Section 305 of the SFA. In South Korea, information is released by PGIM, Inc., which is licensed to offer discretionary investment management services straight to South Korean certified institutional investors on a cross-border basis. In Australia, details is issued by PGIM (Australia) Pty Ltd ("PGIM Australia") for the general information of its wholesale clients (as defined in the Corporations Act 2001). PGIM Australia is an Australian financial services ("AFS") licence holder (AFS licence number 544946). The information is provided to wholesale financiers in accordance with Schedule 1, Clause 3 of the Financial Markets Conduct Act 2013 in New Zealand. To invest as a wholesale financier in New Zealand, investors need to fit the requirements as set out in the Financial Markets Conduct Act 2013. In China, the info is supplied at your request and is not meant as financial investment advice or a suggestion about handling or investing possessions.

In Canada, pursuant to the global adviser registration exemption in National Instrument 31-103, PGIM, Inc. is notifying you that: (1) PGIM, Inc. is not registered in Canada and is recommending you in dependence upon an exemption from the consultant registration requirement under National Instrument 31-103; (2) PGIM, Inc.'s jurisdiction of home is New Jersey, U.S.A.; (3) there might be difficulty enforcing legal rights versus PGIM, Inc. since it is resident outside of Canada and all or significantly all of its assets may be situated outside of Canada; and (4) the name and address of the representative for service of process of PGIM, Inc. in the suitable Provinces of Canada are as follows: in Québec: Borden Ladner Gervais LLP, 1000 de La Gauchetière Street West, Suite 900 Montréal, QC H3B 5H4; in British Columbia: Borden Ladner Gervais LLP, 1200 Waterfront Centre, 200 Burrard Street, Vancouver, BC V7X 1T2; in Ontario: Borden Ladner Gervais LLP, 22 Adelaide Street West, Suite 3400, Toronto, ON M5H 4E3; in Nova Scotia: Cox & & Palmer, Q.C., 1100 Purdy's Wharf Tower One, 1959 Upper Water Street, P.O. Box 2380 - Stn Central RPO, Halifax, NS B3J 3E5; in Alberta: Borden Ladner Gervais LLP, 530 Third Avenue S.W., Calgary, AB T2P R3.

Prudential Financial, Inc. of the United States is not connected in any way with Prudential plc, integrated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, integrated in the United Kingdom.

These products are for informative or educational functions only.

All financial investments involve threats, consisting of possible loss of principal. Past performance is not a sign of future results.

The info consisted of herein is supplied by PGIM, the principal property management service of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its worldwide subsidiaries. PGIM, Inc. is a financial investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not suggest a particular level of skill or training.

In the United Kingdom, details is issued by PGIM Limited with registered workplace: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority ("FCA") of the UK (Firm Reference Number 193418). In the European Economic Area ("EEA"), information is released by PGIM Netherlands B.V. with authorized workplace: Eduard van Beinumstraat 6 1077CZ, Amsterdam, The Netherlands. PGIM Netherlands B.V. is, authorised by the Autoriteit Financiële Markten ("AFM") in the Netherlands (Registration number 15003620) and operating on the basis of a European passport. In certain EEA countries, details is, where permitted, provided by PGIM Limited in reliance of arrangements, exemptions or licenses offered to PGIM Limited under temporary authorization plans following the exit of the United Kingdom from the European Union. These materials are provided by PGIM Limited and/or PGIM Netherlands B.V. to individuals who are professional clients as defined under the guidelines of the FCA and/or to individuals who are professional customers as specified in the relevant regional application of Directive 2014/65/EU (MiFID II). In Italy, info is supplied by PGIM Limited authorized to run in Italy by Commissione Nazionale per le Società e la Borsa (CONSOB). In Japan, information is supplied by PGIM Japan Co., Ltd. ("PGIM Japan") and/or PGIM Real Estate (Japan) Ltd. ("PGIMREJ"). PGIM Japan, a signed up Financial Instruments Business Operator with the Financial Services Agency of Japan uses numerous investment management services in Japan. PGIMREJ is a Japanese real estate asset manager that is registered with the Kanto Local Finance Bureau of Japan. In Hong Kong, details is provided by PGIM (Hong Kong) Limited, a managed entity with the Securities & Futures Commission in Hong Kong to expert investors as defined in Section 1 of Part 1 of Schedule 1 of the Securities and Futures Ordinance (Cap. 571). In Singapore, details is issued by PGIM (Singapore) Pte. Ltd. ("PGIM Singapore"), a controlled entity with the Monetary Authority of Singapore under a Capital Markets Services License to perform fund management and an exempt monetary consultant. This material is released by PGIM Singapore for the basic details of "institutional investors" pursuant to Section 304 of the Securities and Futures Act 2001 of Singapore (the "SFA") and "accredited financiers" and other appropriate persons in accordance with the conditions defined in Section 305 of the SFA. In South Korea, details is released by PGIM, Inc., which is certified to supply discretionary investment management services directly to South Korean certified institutional financiers on a cross-border basis. In Australia, details is provided by PGIM (Australia) Pty Ltd ("PGIM Australia") for the general info of its wholesale clients (as defined in the Corporations Act 2001). PGIM Australia is an Australian financial services ("AFS") licence holder (AFS licence number 544946). The info is supplied to wholesale investors in accordance with Schedule 1, Clause 3 of the Financial Markets Conduct Act 2013 in New Zealand. To invest as a wholesale investor in New Zealand, investors should fit the criteria as set out in the Financial Markets Conduct Act 2013. In China, the details is provided at your request and is not meant as investment advice or a suggestion about managing or investing possessions.

In Canada, pursuant to the global consultant registration exemption in National Instrument 31-103, PGIM, Inc. is informing you that: (1) PGIM, Inc. is not signed up in Canada and is recommending you in reliance upon an exemption from the advisor registration requirement under National Instrument 31-103; (2) PGIM, Inc.'s jurisdiction of home is New Jersey, U.S.A.; (3) there may be difficulty imposing legal rights versus PGIM, Inc. due to the fact that it is resident beyond Canada and all or considerably all of its possessions might be located beyond Canada; and (4) the name and address of the agent for service of process of PGIM, Inc
. in the applicable Provinces of Canada are as follows: in Québec: Borden Ladner Gervais LLP, 1000 de La Gauchetière Street West, Suite 900 Montréal, QC H3B 5H4; in British Columbia: Borden Ladner Gervais LLP, 1200 Waterfront Centre, 200 Burrard Street, Vancouver, BC V7X 1T2; in Ontario: Borden Ladner Gervais LLP, 22 Adelaide Street West, Suite 3400, Toronto, ON M5H 4E3; in Nova Scotia: Cox & Palmer, Q.C., 1100 Purdy's Wharf Tower One, 1959 Upper Water Street, P.O. Box 2380 - Stn Central RPO, Halifax, NS B3J 3E5; in Alberta: Borden Ladner Gervais LLP, 530 Third Avenue S.W., Calgary, AB T2P R3.

This information is not meant as financial investment guidance and is not a suggestion about handling or investing properties or an offer or solicitation in regard of any items or services to anybodies who are prohibited from getting such details under the laws relevant to their location of citizenship, domicile or residence. In providing these products, PGIM is not acting as your fiduciary. These materials represent the views, viewpoints and recommendations of the author(s) relating to the financial conditions, property classes, securities, providers or monetary instruments referenced herein. Certain info has been gotten from sources that PGIM believes to be reputable since the date provided; however, PGIM can not guarantee the precision of such details, ensure its efficiency, or warrant such info will not be changed. This information, including projections and forecasts, is present as of the date of issuance (or an earlier referenced date) and is subject to alter without notice. PGIM has no commitment to update such info; nor do we make any express or implied guarantees or representations as to the completeness or precision or accept duty for errors. PGIM and its affiliates may develop and release research study that is independent of, and different than, the recommendations included herein. References to particular securities are for illustrative functions just and are not intended and should not be translated as recommendations to purchase, hold, or offer such securities.