Prudential Financial’s Social Investment Program Celebrates One Billion Dollar Milestone

Prudential Financial’s Social Investment Program Celebrates One Billion Dollar Milestone



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–(HISPANIC PR WIRE – BUSINESS WIRE)–

ADVISORY for Monday, January 31st

WHAT:

Prudential Financial’s Social Investment Program has reached a historic milestone — one billion dollars invested in successful collaborations. Through these partnerships, the Program has financed community development and education initiatives, including inner-city supermarkets, minority businesses, affordable housing and charter schools.

The Social Investment Program makes socially responsible investments in the areas of affordable housing, economic development, minority entrepreneurship, community services and education. The Program originates investments for The Prudential Insurance Company of America and The Prudential Foundation. With a willingness to take informed risks, Prudential considers proposals that do not qualify under mainstream investment guidelines. The Program targets investments that provide the greatest social impact for individuals and communities in those locations where Prudential has its most significant business presence.

WHO:

— Robert E. Rubin, Office of the Chairman, Citigroup; former US Secretary of the Treasury

— Arthur F. Ryan, Chairman and CEO, Prudential Financial, Inc.

— Gabriella Morris, President, The Prudential Foundation

WHEN:

Monday, January 31, 2005

4:00 p.m. – 6:00 p.m.

WHERE:

Prudential Financial, Inc.

Dryden Hall – 7th Floor

751 Broad Street

Newark, NJ 07102

BACKGROUND:

Founded in 1977, The Prudential Foundation is the nonprofit grant-making organization of Prudential Financial, Inc. It is part of Prudential’s Community Resources Department, a strategic combination of three units: the Foundation, which strives to build children and families’ self sufficiency; the Social Investment Program, which originates and manages socially beneficial investments; and Local Initiatives, which coordinates employee volunteerism and fosters community outreach.

Editor’s Notes: Due to security measures, media interested in attending the event are encouraged to RSVP to Harold Banks via email at harold.banks@prudential.com or via phone at (973) 802-8974 in advance to expedite access to the event

–30–AC/ny*

CONTACT:

Prudential Financial, Inc.

Harold Banks, 973-802-8974

or

Alicia Rodgers Alston, 973-802-4446

Prudential Financial’s Social Investment Program Celebrates One Billion Dollar Milestone