federicomvp224

Box 2380 – Stn Central RPO

In the United Kingdom, information is provided by PGIM Limited with authorized workplace: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N5HR. PGIM Limited is authorised and managed by the Financial Conduct Authority (“FCA”) of the UK (Firm Reference Number 193418). In the European Economic Area (“EEA”), info is issued by PGIM Netherlands B.V. with registered 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 particular EEA nations, details is, where allowed, provided by PGIM Limited in dependence of arrangements, exemptions or licenses available to PGIM Limited under temporary approval arrangements following the exit of the United Kingdom from the European Union. These materials are released by PGIM Limited and/or PGIM Netherlands B.V. to persons who are expert clients as defined under the guidelines of the FCA and/or to individuals who are professional customers as defined in the relevant local application of Directive 2014/65/EU (MiFID II). In Italy, details is offered by PGIM Limited authorized to operate in Italy by Commissione Nazionale per le Società e la Borsa (CONSOB). In Japan, info is offered 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 provides various investment management services in Japan. PGIMREJ is a Japanese realty asset manager that is signed up with the Kanto Local Finance Bureau of Japan. In Hong Kong, info is offered by PGIM (Hong Kong) Limited, a controlled 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 provided by PGIM (Singapore) Pte. Ltd. (“PGIM Singapore”), a controlled entity with the Monetary Authority of Singapore under a Capital Markets Services License to carry out fund management and an exempt financial advisor. This material is released by PGIM Singapore for the general info of “institutional investors” pursuant to Section 304 of the Securities and Futures Act 2001 of Singapore (the “SFA”) and “certified financiers” and other relevant individuals in accordance with the conditions specified in Section 305 of the SFA. In South Korea, details is issued by PGIM, Inc., which is accredited to supply discretionary investment management services straight to South Korean certified institutional investors on a cross-border basis. In Australia, info is released by PGIM (Australia) Pty Ltd (“PGIM Australia”) for the basic info of its wholesale customers (as specified in the Corporations Act 2001). PGIM Australia is an Australian financial services (“AFS”) licence holder (AFS licence number 544946). The information is offered 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 financier in New Zealand, investors must fit the requirements as set out in the Financial Markets Conduct Act 2013. In China, the info is provided at your demand and is not meant as financial investment guidance or a suggestion about handling or investing assets.

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 reliance upon an exemption from the adviser registration requirement under National Instrument 31-103; (2) PGIM, Inc.’s jurisdiction of residence is New Jersey, U.S.A.; (3) there may be problem enforcing legal rights against PGIM, Inc. due to the fact that it is resident outside of Canada and all or substantially all of its properties might be located outside of Canada; and (4) the name and address of the agent for service of procedure of PGIM, Inc. in the relevant Provinces of Canada are as follows: in Québec: Borden Ladner Gervais LLP, 1000 de La 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 manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, integrated in the UK.

© 2025 PFI and its related entities, registered in many jurisdictions worldwide.

These products are for educational or academic purposes just.

All investments include threats, consisting of possible loss of principal. Past efficiency is not a sign of future outcomes.

The info consisted of herein is supplied by PGIM, the principal property management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries. PGIM, Inc. is a financial investment consultant 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, info is issued by PGIM Limited with authorized office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). In the European Economic Area (“EEA”), info is provided by PGIM Netherlands B.V. with authorized office: 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 running on the basis of a European passport. In particular EEA nations, information is, where permitted, provided by PGIM Limited in dependence of arrangements, exemptions or licenses available to PGIM Limited under momentary approval plans following the exit of the UK from the European Union. These products are released by PGIM Limited and/or PGIM Netherlands B.V. to persons who are expert clients as specified under the rules of the FCA and/or to persons who are professional clients as defined in the relevant regional implementation of Directive 2014/65/EU (MiFID II). In Italy, information is supplied by PGIM Limited authorized to run in Italy by Commissione Nazionale per le Società e la Borsa (CONSOB). In Japan, details is offered 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 uses various financial investment management services in Japan. PGIMREJ is a Japanese property property supervisor that is signed up with the Kanto Local Finance Bureau of Japan. In Hong Kong, details is supplied by PGIM (Hong Kong) Limited, a regulated entity with the Securities & Futures Commission in Hong Kong to professional investors 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 managed entity with the Monetary Authority of Singapore under a Capital Markets Services License to conduct fund management and an exempt monetary advisor. This material is issued by PGIM Singapore for the general info of “institutional investors” pursuant to Section 304 of the Securities and Futures Act 2001 of Singapore (the “SFA”) and “certified financiers” and other relevant persons in accordance with the conditions defined in Section 305 of the SFA. In South Korea, information is issued by PGIM, Inc., which is accredited to offer discretionary financial investment management services directly to South Korean qualified institutional investors on a cross-border basis. In Australia, info is provided by PGIM (Australia) Pty Ltd (“PGIM Australia”) for the general info of its wholesale customers (as defined in the Corporations Act 2001). PGIM Australia is an Australian monetary services (“AFS”) licence holder (AFS licence number 544946). The details is offered 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 financier in New Zealand, financiers need to fit the criteria as set out in the Financial Markets Conduct Act 2013. In China, the information is provided at your demand and is not intended as investment suggestions or a recommendation about managing or investing properties.

In Canada, pursuant to the international consultant registration exemption in National Instrument 31-103, PGIM, Inc. is informing you that: (1) PGIM, Inc. is not registered in Canada and is recommending you in dependence upon an exemption from the adviser registration requirement under National Instrument 31-103; (2) PGIM, Inc.’s jurisdiction of home is New Jersey, U.S.A.; (3) there might be problem imposing legal rights versus PGIM, Inc. due to the fact that it is resident outside of Canada and all or considerably all of its assets might be situated outside of Canada; and (4) the name and address of the agent for service of procedure of PGIM, Inc
. in the appropriate 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 intended as investment recommendations and is not a suggestion about managing or investing properties or an offer or solicitation in respect of any product and services to anyones who are restricted from getting such info under the laws relevant to their place of citizenship, domicile or residence. In providing these products, PGIM is not functioning as your fiduciary. These products represent the views, viewpoints and recommendations of the author(s) relating to the economic conditions, possession classes, securities, issuers or monetary instruments referenced herein. Certain info has been acquired from sources that PGIM believes to be trustworthy as of the date provided; however, PGIM can not ensure the accuracy of such information, assure its efficiency, or warrant such info will not be changed. This info, including forecasts and projections, is existing since the date of issuance (or an earlier referenced date) and is subject to change without notification. PGIM has no commitment to upgrade such info; nor do we make any express or implied warranties or representations as to the efficiency or accuracy or accept duty for errors. PGIM and its affiliates might develop and publish research that is independent of, and different than, the recommendations consisted of herein. References to specific securities are for illustrative purposes just and are not intended and must not be interpreted as suggestions to acquire, hold, or offer such securities.