EX-99.A CHARTER 7 f23464d7.htm ARTICLES SUPPLEMENTARY Articles Supplementary

PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 15

ARTICLES SUPPLEMENTARY

Prudential Investment Portfolios, Inc. 15, a Maryland corporation registered under the Investment Company Act of 1940, as amended, as an open-end management investment company (the "Corporation"), hereby certifies to the State Department of Assessments and Taxation of Maryland that:

FIRST: The number of shares of common stock, par value $0.01 per share (the "Common Stock"), that the Corporation has authority to issue is hereby increased by 81,040,000,000 shares to an aggregate of 95,025,000,000 shares, having an aggregate par value of $950,250,000.

SECOND: The 81,040,000,000 additional shares of Common Stock authorized in Article FIRST are hereby classified and designated as shares of existing classes of Common Stock of PGIM Short Duration High Yield Income Fund and PGIM High Yield Fund as follows:

Name of Class

Number of Shares

PGIM High Yield Fund

 

Class A Common Stock

4,500,000,000

Class C Common Stock

750,000,000

Class R Common Stock

200,000,000

Class R2 Common Stock

100,000,000

Class R4 Common Stock

100,000,000

Class R6 Common Stock

32,000,000,000

Class Z Common Stock

36,000,000,000

PGIM Short Duration High Yield Income Fund

 

Class A Common Stock

640,000,000

Class C Common Stock

600,000,000

Class R6 Common Stock

1,350,000,000

Class Z Common Stock

4,800,000,000

THIRD: The shares classified as set forth above shall have the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms and conditions of redemption of Common Stock of the existing applicable series and class as set forth in the charter of the Corporation ("Charter").

FOURTH: Prior to the authorization, classification and designation authorized by these Articles Supplementary, the total number of shares of all series and classes of stock which the Corporation had authority to issue was 13,985,000,000 shares, $0.01 par value per share, having an aggregate par value of $139,850,000, classified and designated as follows:

PGIM High Yield Fund

 

Class A Common Stock

1,500,000,000

Class B Common Stock

50,000,000

Class C Common Stock

250,000,000

Class R Common Stock

300,000,000

Class R2 Common Stock

200,000,000

Class R4 Common Stock

200,000,000

Class R6 Common Stock

5,000,000,000

Class T Common Stock

300,000,000

Class Z Common Stock

5,000,000,000

PGIM Short Duration High Yield Income Fund

 

Class A Common Stock

160,000,000

Class C Common Stock

100,000,000

Class R6 Common Stock

150,000,000

Class T Common Stock

75,000,000

Class Z Common Stock

700,000,000

FIFTH: As authorized, classified and designated hereby, the total number of shares of all series and classes of stock which the Corporation has authority to issue is 95,025,000,000 shares, $0.01 par value per share, having an aggregate par value of $950,250,000, classified and designated as follows:

PGIM High Yield Fund

 

Class A Common Stock

6,000,000,000

Class B Common Stock

50,000,000

Class C Common Stock

1,000,000,000

Class R Common Stock

500,000,000

Class R2 Common Stock

300,000,000

Class R4 Common Stock

300,000,000

Class R6 Common Stock

37,000,000,000

Class T Common Stock

300,000,000

Class Z Common Stock

41,000,000,000

PGIM Short Duration High Yield Income Fund

 

Class A Common Stock

800,000,000

Class C Common Stock

700,000,000

Class R6 Common Stock

1,500,000,000

Class T Common Stock

75,000,000

Class Z Common Stock

5,500,000,000

SIXTH: The Board of Directors increased the total number of authorized shares of Common Stock pursuant to Section 2-105(c) of the Maryland General Corporation Law (the "MGCL") and classified the additional shares of Common Stock pursuant to Section 2-208 of the MGCL and under the authority contained in the Charter.

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SEVENTH: These Articles Supplementary have been approved by the Board of Directors in the manner and by the vote required by law.

EIGHTH: The undersigned officer of the Corporation acknowledges these Articles Supplementary to be the corporate act of the Corporation and, as to all matters or facts required to be verified under oath, the undersigned officer acknowledges that, to the best of such officer's knowledge, information and belief, these matters and facts are true in all material respects and that this statement is made under the penalties for perjury.

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IN WITNESS WHEREOF, Prudential Investment Portfolios, Inc. 15 has caused these Articles Supplementary to be signed in its name and on its behalf by its Vice President and attested by its Assistant Secretary on this 14th day of May, 2021.

 

 

 

 

 

 

ATTEST:

 

PRUDENTIAL INVESTMENT PORTFOLIOS,

 

 

 

INC. 15

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Patrick McGuinness

 

By:

 

/s/ Scott E. Benjamin

 

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Name:

Patrick McGuinness

 

Name:

 

Scott E. Benjamin

 

Title: Assistant Secretary

 

Title:

 

Executive Vice President