PRUDENTIAL INSURANCE CO OF AMERICA 4

What Happened
Prudential Insurance Company of America, reported as a 10% owner, made an open market/private purchase of 270,092.227 shares of PGIM Real Estate Fund Inc. on April 29, 2026 at $30.36 per share, for a total reported value of approximately $8,200,000. This was a purchase (acquisition), which is generally more informative to investors than routine sales but does not by itself indicate the firm's motives.

Key Details

• Transaction date and price: 2026-04-29 — 270,092.227 shares at $30.36 each. (Transaction code: P = Purchase; open market or private purchase.)
• Total consideration: ~$8,200,000.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: 2026-05-01 (filed two business days after the trade; appears timely under standard Form 4 rules).
• Footnotes:
  • F1: Securities directly held by The Prudential Insurance Company of America (a Prudential Financial subsidiary).
  • F2: Includes shares issued under the issuer’s dividend reinvestment plan.
  • F3: Some holdings reflect securities directly held by Pruco Life Insurance Company, a subsidiary within the same corporate family.
• Note: This filing reflects institutional ownership activity (a 10% owner), not an individual executive or director trade.

Context
As a 10% institutional owner, Prudential’s purchase reflects a portfolio-level acquisition rather than an insider executive signal. Footnotes indicate holdings are through Prudential’s subsidiaries and include shares from the fund’s dividend reinvestment plan.